With respect to State Disaster Response Fund created under section 48 (7) of Disaster Management Act, 2005, choose the correct statement.
1) Allocations are made based on the recommendation of successive finance commissions.
2) Funds are allocated for a period of 5 years.
3) The budgetary provision of these relief funds is done by Ministry of Finance but processing of funds on request of state is done by Ministry of Home Affairs (DM division).
4) Central share SDRF in 2 equal installments in months of June and December.
Select the correct answer using the codes given below.