General Knowledge · Rural Development
Under the DAY-NULM guidelines, which of the following is NOT a correct requirement for maintaining updated books of accounts in a Self-Help Group (SHG)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Minutes of the meeting must be recorded and signed/thumb-printed by all members.
- 2A bookkeeper should be identified by the SHG.
- 3Savings and internal loan registers must be updated at every meeting.
- 4The cash book should be updated only at the end of the financial year.✓
Correct answer
The cash book should be updated only at the end of the financial year.
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