Consider the following statements regarding the Pradhan Mantri Fasal Bima Yojana (PMFBY):

1. PMFBY, launched in 2016, provides crop insurance coverage to farmers against financial losses due to natural calamities.

2. Over the past nine years, PMFBY has disbursed claims worth Rs. 1.75 lakh crore and protected over 23.22 crore farmers.

3. The scheme offers affordable premiums, with farmers paying 2% for Kharif crops, 1.5% for Rabi crops, and 5% for horticulture/commercial crops.

Which of the above statements is/are correct?