Varun Nagar Agricultural Cooperative Society
Essay by Irshad Ahmad • June 5, 2018 • Case Study • 1,902 Words (8 Pages) • 1,049 Views
Case Study Report on Varun Nagar Agricultural Cooperative Society
The Current Situation
The Varun Nagar Agricultural Cooperative Society(VNACS) has drawn an overdraft of Rs. 5 Lakh from the Bank. The Society has 100 tons of paddy in storage along with a cash balance of Rs. 5 Lakh. Also, there is a special discount on purchase of fertilizer at present.
The Problem
The VNACS owe Rs. 5 Lakh both to the Bank (plus interest) and its members separately. To keep the trust and goodwill of all the stakeholders a decision must be made on whether to store or sell the paddy, depending on which the option to buy fertilizers or not is another issue.
Alternative Solutions
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