Consider the following statements: The objectives of the National Renewal Funds set up in February 1992 were 1. to give training and counselling for workers affected by retrenchment or VRS. 2. redeployment of workers Which of these statements is/are correct?

The National Renewal Fund (NRF) was indeed set up in February 1992 during the period of economic reforms in India. Its primary objectives were centered around providing a social safety net for workers affected by industrial restructuring, particularly in public sector enterprises. This included providing assistance to workers who were rationalized, retrenched, or opted for Voluntary Retirement Schemes (VRS). The assistance covered counseling, retraining, and facilitating their redeployment or self-employment. Therefore, both statements accurately reflect the core objectives of the NRF.