Which of the following statement is incorrect regarding Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY)?

1
It is a Centrally sponsored scheme with some Central sector components.
2
PMJAY offers a sum insured of 5 lakh per family for secondary care
3
It is an entitlement-based scheme that targets the beneficiaries as identified by the latest Socio-Economic Caste Census (SECC) data.
4
The insurance cost is shared by the center and the state mostly in the ratio of 40:60.

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