Consider the following statements regarding the Panchayat Advancement Index (PAI):

1. PAI is a multi-domain and multi-sectoral index assessing the holistic development of Panchayats.

2. PAI Version 2.0 covers data from over 2 lakh Gram Panchayats across 29 States/UTs.

3. The index only focuses on financial indicators of Panchayats.

How many of the above statements are correct?