Consider the following statements about Regional Rural Banks?
I. RRBs were set up on the basis of the recommendations of Narasimham Working Group.
II. First Regional Rural Bank “Prathama Grameen Bank” was set up on 2nd October, 1975.
III. The shareholding of a RRBs is held by the Central Government, State Government and the Sponsor Bank in the proportion of 50:15:35. Which of the following statement is/are correct