Strategic Financial Insights of Primary Agricultural Cooperative Societies in Odisha–A Case Study
Author : Dr. Sanjib Kumar Hota and Sanjeet Kumar Nanda
Abstract :
The Financial strength of an organization is one of the vital components for the survival, growth and sustainability of an organization. Financially sound organization has the insights to resolve many of the adverse administrative, managerial and technological effects on the business whereas financially weak health is the root cause of many problems which affects the business adversely. Many of the Primary Agricultural Cooperative Societies (PACS)/Large Area Multipurpose Cooperative Societies (LAMPCS) in the State as well as in the district under study are suffering from weak financial health and hence an attempt has been made in this study to analyze the financial strength of some sample PACS/LAMPCS in two selected district of Odisha for deducing strategic suggestions for restoring better financial health through expansion/diversification of business.
Keywords :
Primary Agricultural Cooperative Society (PACS), Large Area Multipurpose Cooperative Society (LAMPCS), Cooperative Banking, Financial Performance Analysis, Strategic Financial Management.
