Economics · Welfare Schemes

With reference to the Direct Benefit Transfer (DBT) framework in India, consider the following statements: I. By routing subsidies directly to beneficiaries' bank accounts, DBT reduces fiscal leakages and improves tax-subsidy efficiency. II. DBT strengthens subsidy targeting by leveraging identity infrastructure and financial inclusion. III. DBT eliminates the need for taxation by substituting tax-based redistribution with direct cash transfers. How many of the above statements are correct?