Consider the following statements about the Mahatma Gandhi National Rural Employment Guarantee Act & Scheme: 1. It guarantees a minimum of 100 days of wage employment to every household. 2. Gram Panchayats are responsible for the identification of projects while Gram Sabhas are responsible for social audit of all the projects. 3. At least one-third of the beneficiaries of the Scheme shall be women who have registered for work under the Scheme. Which of the statements given above is/are correct? 

The Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) was enacted in 2005 with the objective of providing employment to rural households and ensuring livelihood security. It guarantees a minimum of 100 days of employment in a financial year to every household in rural areas. The act focuses on providing employment opportunities in agricultural and allied activities, which includes activities like water conservation, afforestation, and rural infrastructure development. It also ensures equal wages for men and women for the same work done. The act has had a positive impact in reducing poverty and improving the standard of living in rural areas.