Consider the following statements with respect to Special Liquidity Facility for Mutual Funds (SLF-MF):
1. Ministry of Finance announced special liquidity facility for mutual funds (SLF-MF) worth Rs 50,000 crore to ease liquidity in the segment, which intensified in the wake of redemption pressures related to closure of some debt MFs.
2. Banks meeting the liquidity requirements of MFs by extending loans, and undertaking outright purchase of repos against the collateral of investment grade won't be eligible under the scheme.
Which of the statements given above is/are correct?