Economics · Economy

Consider the following statements regarding Priority Sector Lending (PSL) rules for housing: Statement 1: Loans for housing purposes are eligible for priority sector status if they are given to individuals up to 35 lakh in metropolitan centers with a population of ten lakh and above, provided the overall cost of the dwelling unit does not exceed 45 lakh. Statement 2: Loans to any governmental agency for the construction of dwelling units or for slum clearance and rehabilitation of slum dwellers are eligible under priority sector, subject to a ceiling of 10 lakh per dwelling unit. Statement 3: Bank loans to Housing Finance Companies (HFCs), approved by NHB for their refinance, for on-lending for the purpose of purchase, construction, or reconstruction of individual dwelling units or for slum clearance and rehabilitation of slum dwellers are eligible under PSL up to a limit of 20 lakh per borrower. Identify the correct assessment of the statements.