A STUDY ON PERFORMANCE APPRAISAL OF MICRO SMALL AND MEDIUM ENTERPRISES (MSMEs)
European Journal of Molecular & Clinical Medicine,
2022, Volume 9, Issue 8, Pages 1501-1514
AbstractThe MSME sector is the sector that is most in demand, the most active, and the most dynamic. It also provides a considerable contribution to the total industrial output, employment, and exports of the nation. Due to the fact that it includes more than 80 percent of all enterprises in the economy, the labour intensity of this sector is much higher than that of any other large company. This is the case since it is the sector that incorporates the most companies. The sector of micro, small, and medium-sized companies is an important one for the economy of India. At the present time, the microenterprise industry accounts for the overwhelming bulk of the MSME industry. This shows that new people are being welcomed into this business, and that they are being given the chance to generate money and become financially independent via the many programmes that this industry offers. As a direct consequence of this, the major focus of this paper will be dedicated to an analysis of the financial performance of the MSME sector. The sector of the Indian economy known as Micro, Small, and Medium-Sized Enterprises (MSME) has become a powerful pillar of the economy and is making major contributions to the economy of the whole country. The study is trying to measure the performance of the MSME units in Chennai city with the following objectives to measure the financial performance of the sample MSME units. The performance of the MSME are measured in empirically. The study is also in descriptive in nature. It is has been carried in Chennai city during the month of September 2022 with 100 sample units. The survey method is used to collect the data from the entrepreneurs of the MSMEs. The sample size consists of 64 micro units, 26 small units and 10 medium scale units. The performance of the sample units are measured and compared in finance, marketing and human resource aspects. The data were collected using questionnaire. It is concluded that the performance of HR depart in the medium scale unit is better.
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