performance appraisal of micro small and medium enterprises MSMEs in Varanasi district

Abstract

MSMEs play an important role in economic growth and development of any newlinecountry. It is one of vital industry provides greater amount of contribution to GDP as well newlineas employment opportunities. This sector must be paid more attention in order to reap newlinegood economic growth and sustainability. Globally, Micro, Small and Medium newlineEnterprises (MSMEs) have been accepted as the engines of economic growth. Small and newlinemedium enterprises or small and medium-sized enterprises (SMEs, small and mediumsized newlinebusinesses, SMBs, and variations of these terms) are companies whose personnel newlinenumbers fall below certain limits. The abbreviation quotSMEquot is used in the European newlineUnion and by international organizations such as the World Bank, the United Nations and newlinethe World Trade Organization (WTO). Small enterprises outnumber large companies by a newlinewide margin and also employ many more people. SMEs are also said to be responsible newlinefor driving innovation and competition in many economic sectors.