Consider the following statements with respect to Indian Scholastic Assessment (Ind-SAT) Test 2020:
1. Indian Scholastic Assessment Test, IND-SAT 2020 is being regularly conducted since 2015 under the aegis of Ministry of Human Resource Development.
2. Ind-SAT is held for granting scholarships and admissions to foreign students for studying in select Indian universities under the Study in India programme.
Which of the statements given above is/are correct?