Which of the following statements regarding the 'Sugam Rinn Bhugtan Yojana (SUGAM Scheme)' launched by IDBI Bank is/are correct?
- The scheme targets borrowers with outstanding principals between ₹10 lakh and ₹10 crore.
- Borrowers involved in cases under the Insolvency and Bankruptcy Code (IBC) are eligible for this scheme.
- Borrowers must deposit at least 10% of the settlement amount as an upfront payment to participate.
Select the correct option:
1
Only 1
2
Only 1 and 2
3
Only 2 and 3
4
Only 1 and 3
5
Only 3