The 'Grama Panchayat' (Village Council) in Kerala plays a crucial role in grassroots financial empowerment by:

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AManaging foreign exchange reserves

BOperating large-scale manufacturing industries

CSetting national interest rates

DImplementing decentralized planning and resource allocation

Answer:

Kerala's unique model of democratic decentralization empowers local self-governments to plan and implement projects.
This brings financial decisions and resource management closer to the people, promoting a bottom-up approach to development.

Related Questions:

Which of the following statements about the origin and foundational study of the Kerala Model are true?

The concept of the 'Kerala model' emerged from a case study conducted by the Centre for Development Studies (CDS) at Thiruvananthapuram in the 1970s.
The study that informed the Kerala Model was solely an initiative of the state government without external collaboration.
Professor K. N. Raj, a renowned economist, was a central figure behind the study that led to the 'Kerala model' of equitable growth.
The CDS study primarily focused on industrialization and infrastructure development in Kerala.