With reference to the micro, small and medium enterprises (MSMEs), consider the following statements:
1. U.K. Sinha committee on MSMEs recommended a Rs 5,000-crore stressed asset fund for domestic MSMEs.
2. The MSME sector currently contributed 48% of the GDP growth and 71% of exports, with an annual turnover of ₹1 lakh crore this year.
Which of the statements given above is/are correct?