Explanation:

Both statements are correct.

Recently, the Finance Minister announced the launch of a National Geospatial Mission in the Budget 2025-26.

• It will be aimed at modernising land records and enhancing urban planning across India.

• This initiative will leverage the existing PM Gati Shakti framework to develop foundational geospatial infrastructure and data, facilitating improved design and execution of infrastructure projects.

• The initiative also aims to address challenges related to land disputes and inefficient land use, which have long hindered growth in various regions.

• Geospatial refers to data or information that is associated with a specific location on the Earth’s surface.

• By creating a robust geospatial database, the government aims to streamline processes involved in land reforms, making them more efficient and transparent.

• This move is anticipated to benefit not only government agencies but also private stakeholders, including geospatial and drone companies, which will likely see increased demand for their services.

Hence option 3rd is correct.