Consider the following statements: Statement-I: 7th August is declared

Consider the following statements:
Statement-I: 7th August is declared as the National Handloom Day.
Statement-II: It was in 1905 that the Swadeshi Movement was launched on the same day.
Which one of the following is correct in respect of the above statements?

Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I.
Both Statement-I and Statement-II are correct and Statement-II is not the correct explanation for Statement-I.
Statement-I is correct but Statement-II is incorrect.
Statement-I is incorrect but Statement-II is correct.
This question was previously asked in
UPSC IAS – 2023
Both Statement-I and Statement-II are correct and Statement-II is the correct explanation for Statement-I.
National Handloom Day is celebrated on 7th August in India to honour the handloom weaving community and highlight the contribution of the sector to the country’s socio-economic development. This date was specifically chosen because it was on 7th August 1905 that the Swadeshi Movement was formally launched in Calcutta, which strongly advocated for the use of Indian-made goods, including handloom products, as a form of economic resistance against British rule.
The first National Handloom Day was celebrated on 7th August 2015. The Swadeshi Movement gained momentum following the Partition of Bengal. Promoting indigenous industries, particularly handlooms, became a crucial part of the movement, symbolizing self-reliance and national pride. Therefore, the historical significance of 7th August 1905 is directly linked to the promotion of handlooms, making Statement-II the correct rationale for establishing National Handloom Day on this date.