Financial Performance of New Generation Cooperatives in India: Assessment of Selected Farmer Producer Companies in Alipurduar District of West Bengal
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Author: Soumyadeep Das and Ritambhara Singh
Author Address: PG Scholar, Department of Agricultural Economics and Associate Professor, School of Agribusiness and Rural Management, Dr Rajendra Prasad Central Agricultural University, Pusa-848 125 (Bihar)
Keywords: Central scheme, financial ratio analysis, midway evaluation, small and marginal farmers.
JEL Codes: J54, O13, Q17, Q13, Q14, Q16, Q18.
Abstract
The study was carried out in the year 2022-23 to assess the financial performance of selected Farmer Producer Companies in the Alipurduar district of West Bengal. The study used secondary data from the annual reports of these companies and assessed their financial performance through various financial ratios. The measurements of liquidity, solvency, profitability, and efficiency of these collectives revealed concerns related to the non-utilization of current assets even during their handholding period and the risk of poor performance after the handholding period was over. Strong financial management is needed to develop sustainable FPCs. Also, the capacity of member farmers must be raised in terms of financial management, which is a very sensitive and crucial aspect of business.
Description
Indian J Econ Dev, 2024, 20(2), 336-346
https://doi.org/10.35716/IJED-23226