According to the World Bank Working Paper – ‘Two Hundred and Fifty-Thousand Democracies: A Review of Village Government in India’, what is one of the key issues related to the financial autonomy of Panchayati Raj Institutions (PRIs) in India?
1
High dependency on international aid
2
Lack of local resources
3
Limited local revenue generation powers
4
High illiteracy
5
Complete financial independence