With respect to funds set up under Disaster Management Act, 2005, consider the following statements.
- The Union Government contributes entirely to National Disaster Response Fund (NDRF) and SDRF (State).
- Ministry of Finance shall oversee the utilization of release from NDRF for the purpose for which the funds have been released.
- SDRF and NDRF are constituted under Public Account” of Government of India.
Which of the above statements is/are correct?