Consider the following statements regarding Infrastructure and Urban Development in the Union Budget 2025-26:

1. The Urban Challenge Fund has been allocated ₹1 lakh crore to modernize cities and transform them into growth hubs.

2. The Modified UDAN Scheme aims to enhance regional air connectivity to 120 new destinations.

3. Second Asset Monetization Plan to reinvest ₹1 lakh crore into new projects.

Which of the statements given above is/are correct?