The correct answer is: Local self-governance.
Panchayat Raj institutions are a system of local self-government in India. They are established by the Constitution of India and are responsible for providing basic services to the people at the local level. Panchayat Raj institutions are made up of elected representatives from the people. They are responsible for planning, implementing, and monitoring development programs at the local level.
Centralized governance is a system of government in which power is concentrated in the hands of the central government. In a centralized system, the central government makes all the decisions and the local governments have very little power.
Religious governance is a system of government in which religious leaders have the power to make decisions about how a country is run. In a religious system, the religious leaders are the ultimate authority and the government is run according to religious laws.
Military governance is a system of government in which the military has control over the country. In a military system, the military leaders are the ultimate authority and the government is run according to military laws.
Panchayat Raj institutions are a form of local self-governance because they are responsible for providing basic services to the people at the local level. They are made up of elected representatives from the people and they are responsible for planning, implementing, and monitoring development programs at the local level.