General Knowledge · Social Sector Schemes
In the SHG-Bank Linkage documentation process, why is keeping financial records regularly updated important?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It helps state governments determine the tax liability of SHGs.
- 2It allows banks to penalise SHGs with low monthly savings.
- 3It is required primarily for government audit and not for bank evaluation.
- 4It serves as evidence of internal financial discipline.✓
Correct answer
It serves as evidence of internal financial discipline.
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