Consider the following statements about MSME sector formalization in India:
1. Udyam portal registration is mandatory for MSME classification.
2. More than 70% of MSME units surveyed post-pandemic have enrolled in the Udyam portal.
3. Formalization includes registration with EPFO, ESIC, and maintaining bank accounts for salary payments.
Which of the statements given above is/are correct?
1
1 only
2
2 and 3 only
3
1 and 3 only
4
All of the above
5
None of the above