Which of the following statements is/are correct regarding the Backward Regions Grant Fund (BRGF)?

  1. BRGF focuses on reducing regional imbalances in development.
  2. It provides financial resources to identified backward regions.
  3. The scheme targets urban regions only.

1
Only 1 is correct
2
Only 2 is correct
3
Both 1 and 2 are correct
4
Both 2 and 3 are correct
5
Only 3 is correct

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