Analysis of Financial Planning Practices of Small Milk Processing Plants in Ahmednagar District

This paper aims at analyzing the financial planning practices of the small milk processing plants with an objective to understand the level of its application and the challenges faced by the financial executives. The researcher used descriptive research design. Questionnaire survey plus interview method used to collect the data from the owner/manager responsible for financial planning in the milk processing plant. The simple random sampling method used to select sample and the sample size of 30 milk processing plants which is 60 per cent of the total small milk processing plants in Ahmednagar district taken for the study. The researcher used simple percentage and rank analysis. The MS Excel statistical tools used for further analysis and to reach at reliable conclusion. On the basis of findings, researcher concluded that there is low level of financial planning application in the small milk processing plants. The study recommended the financial knowledge and skills are imparted to improve the competency of the person handling financial aspects of milk processing operations.