Which of the following statements about the Climate Resilient Coastal Fishermen Villages (CRCFV) initiative is CORRECT?

  1. The initiative aims to develop 100 coastal fishermen villages into climate-resilient communities under the Pradhan Mantri Matsya Sampada Yojana (PMMSY).

  2. Each village receives ₹2 crore under the central sector component of PMMSY, with 70% allocated for fisheries' infrastructure and 30% for economic activities.

  3. The initiative focuses solely on constructing fish drying yards and processing centers, with no support for financial aid.

1
Only 1 is correct
2
Only 2 is correct
3
1 and 2 are correct
4
None are correct

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