Explanation:

Third option is correct incontext of question.

 The implementing agency for PMJAYA is National Health Agency.
 The scheme has two pillars under it –

•  Ayushman Bharat (AB) -  5 lakhs health sub-centres will be converted into health and wellness centres.
•  National Health Protection Mission (NHPM) - Provides health cover of Rs. 5 lakhs per family, per annum, reaching out to 50 crore beneficiaries.

    Coverage - The scheme will aim to target over 10 crore families based on SECC (Socio-Economic Caste Census) database.

• It will target poor, deprived rural families and identified occupational category of urban workers’ families.
• It will cover 1,300 illnesses, including serious ones such as cancer and heart diseases.
• Private hospitals would also be part of the scheme.
• To ensure that nobody from the vulnerable group is left out of the benefit cover, there will be no cap on family size and age in the scheme.
• The insurance scheme will cover pre and post-hospitalisation expenses, including pre-existing illnesses.

    Funding - The expenditure incurred in premium payment will be shared between central and state governments in a specified ratio –

•     60:40 for all states and UTs with their own legislature.
•     90:10 in Northeast states and the three Himalayan states of Jammu and Kashmir, Himachal and Uttarakhand.
•     100 per cent central funding for UTs without legislature