For which purposes is the UGC established? Choose the correct answer from the options given below:

The UGC was established to coordinate and maintain standards, to disburse grants, and to serve as a link between governments and institutions, so Statements 2, 4 and 5 are correct.

Statement 2 the coordination, determination and maintenance of standards of university education is its central mandate.

Statement 4 disbursing grants to universities and colleges is a core statutory function.

Statement 5 acting as a vital link between the Union, the States and higher learning is part of its role.

Statement 1 promoting research and innovation is not among its original defining purposes.

Statement 3 increasing access, though desirable, is not listed as a founding purpose in the UGC Act, 1956.