Thats about the summary of things....
However do note that point number three is a suggestion considering the best case scenario!
In case the main and bigend bearings are worn out you will have to go for a complete engine overhaul. The cost of a good quality complete overhaul is in the range of 25 thousand rupees.
Do keep us posted please.
Best of luck.
Thanks for your vote of trust. Do provide your input too.