Evaluate the following seven statements regarding Self-Help Group (SHG) bank linkage and related guidelines in India: Statement 1: The RBI specifies that for bank linkage, an SHG must have been active for at least six months from its books, having held a minimum of 20 meetings and saved ₹10,000. If promoted by an NGO, a corporate guarantee from the NGO is mandatory. Statement 2: Interest rates for loans to SHGs are deregulated and determined by banks. Banks are prohibited from charging processing/inspection fees for loans up to ₹5 lakh. Statement 3: Direct bank credit to MFIs for on-lending to SHGs/JLGs is classified as Priority Sector Lending under Micro Enterprises. NBFC-MFIs face credit limit caps per borrower. Statement 4: Graduation of SHGs into Producer Companies registered under the Companies Act 2013 is promoted under NRLM to build scale and value-chain integration. Statement 5: All SHG members are mandated by law to receive free life/health insurance with premiums fully paid by the District Lead Bank's CSR fund. Statement 6: RBI guidelines state that banks should not insist on the physical presence of all SHG members at the branch for loan documentation or disbursement. Statement 7: Grading of SHGs for credit linkage uses the 'Panch Sutras' (Regular Meetings, Regular Savings, Regular Internal Lending, Regular Recoveries, and Maintenance of Proper Books of Accounts). Based on the statements above, which of the following represents the correct evaluation of which statements are accurate?

Evaluate the following seven statements regarding microfinance, Self-Help Groups (SHGs), and Joint Liability Groups (JLGs) in India: Statement 1: The SHG Bank Linkage Program is governed by the Indian Contract Act 1872, which recognizes the group as a single legal entity for signing agreements. The group must register under the Cooperative Societies Act if savings exceed five crore rupees, and the liability of members is limited. Statement 2: The E-Shakti project launched by NABARD aims at the digitization of all SHG accounts to bring them onto a common web-based platform for banks and government agencies, reducing information asymmetry. Statement 3: SHGs are eligible for a one-time Community Investment Fund grant provided by the Ministry of Finance through SBI branches for building offices, with a fixed interest rate of zero percent. Statement 4: A Joint Liability Group (JLG) is a model where 4 to 10 tenant farmers or oral lessees come together to avail bank loans without collateral, holding joint and several liability. Statement 5: MFIs in India are strictly prohibited from lending to any individual who is already an SHG member, and Credit Information Companies (CICs) do not maintain records of SHG loans. Statement 6: National Rural Livelihoods Mission promotes Village Organizations and Cluster Level Federations to handle procurement, marketing, and convergence of social sector schemes. Statement 7: Banks report SHG lending data quarterly to the Lead Bank and the RBI, which is reviewed by the LDM during DCC meetings and monitored by the SLBC. Which of the options represents the correct evaluation of which statements are accurate?