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Consider the following statement regarding Madhura Gram Yojna:

1. Karnataka Vikas Grameen Bank (KVGB) and Life Insurance Corporation (LIC) of India will provide ₹50,000 to each village panchayat.

2. KVGB is the Dharwad-based RRB.

3. Under this scheme, LIC will contribute ₹35,000 and KVGB ₹15,000.

Which of the above statements are correct?

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