With reference to the Prime Minister’s Kisan Samman Nidhi (PM-KISAN), consider the following statements:

1. Under the scheme, Financial benefit in three equal instalments is transferred into the bank accounts of farmers’ families through Direct Benefit Transfer (DBT) mode.

2. It is a Centrally sponsored scheme.

3. It is being implemented by the Ministry of Agriculture and Farmers Welfare.

4. For each instalment, the benefits are processed only after the Request for Fund Transfer (RFT) is signed by the States/ U.T.

Which of the statement given above is/are correct?