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.

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