Economics · Financial Inclusion
In the Self-Help Group (SHG)–Bank Linkage documentation process, maintaining regular financial records is crucial because:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1it serves as evidence of internal financial discipline✓
- 2it is primarily a requirement for government auditing and not for banks
- 3it allows banks to impose penalties on SHGs with low savings
- 4it helps state governments determine tax liabilities of SHGs
Correct answer
it serves as evidence of internal financial discipline
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