Consider the following statements about the PM-SETU scheme, which completed one year on 4 October 2026:

1. It upgrades Government Industrial Training Institutes (ITIs) through a Hub-and-Spoke model.

2. Under its Special Purpose Vehicle structure, the Anchor Industry Partner holds a majority ownership stake.

3. Its entire outlay of ₹60,000 crore is funded directly by the Union government.

How many of the above statements are correct?