Assessing the Sustainable Viability by Financial Metrics: based on Evaluation of Cooperative Society Performance on the basis of Pearls

Abstract

In India, the cooperative organizations have been very important for the advancing economic development, Financial Inclusion, as well as for the empowerment of the community. However, the cooperatives' financial performance, governance frameworks, as well as the capacity to adjust to the changing markets and the economic condition are critical for their long-term viability. Using the PEARLS as a base this study examines the relationship between the cooperative societies' sustainability in the long term as well as their financial success for their survival. The study has used a mixed-method approach and have gathered primary data from the 149 cooperative organizations in the credit, as well as the agricultural sectors of the economy. This study has used Regression analysis, correlation, to assess the relationship between sustainability indicators and the financial stability, growth, as well as the expansion. The findings of our study indicated the strong and the positive relationship between the overall sustainability and financial success as determined by the PEARLS framework. Cooperatives who have the strong asset quality, good and ample liquidity, and high growth metrics are often seen as the more economically viable, the more socially significant, and the more sustainable as well as viable. The results of this study have proved that how crucial it is to establish very strict financial management procedures and also put in place the monitoring systems that is efficient and encourage the involvement of members. These findings may help the cooperative managers as well as the policymakers, to improve the long-term viability, effectiveness of the operations, as well as the governance.