Which key difference separates the Gram Sabha from the Gram Panchayat?

1
The Gram Sabha holds authority over developmental projects, while the Gram Panchayat manages funds.
2
The Gram Sabha includes all eligible voters in the village, whereas the Gram Panchayat is a smaller elected body that implements decisions.
3
The Gram Sabha is led by a Sarpanch, while the Gram Panchayat is headed by a Secretary.
4
The Gram Sabha collects taxes, and the Gram Panchayat regulates voting processes.

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