Financial Performance Analysis of MSMEs (Special Reference to Jhansi District of Bundelkhand Region)
Published: 2025
Author(s) Name: Vijendra Singh, D. S. Rana |
Author(s) Affiliation: Govt. P. G. College Lalitpur, Uttar Pradesh, India.
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Abstract
Indian economy is an agricultural-based economy. According to economic survey (2023–24) released by Ministry of Finance, GOI. The Indian agriculture sector provides livelihood support to about 42.3% of the population and has a share of 18.2% in countries’ GDP at current price. Real India lives in villages, and small businesses are significant for rural economy. Large businesses are fewer in numbers that’s why they have no reach in villages and backward areas, this may be a major reason for economic imbalance, because of this reason Indian governments has put their special focus on this sectors which include various acts and law along with the schemes of renovation, category and investment limits, etc. For the advancement of this sector present government has attempted various efforts and introduced various schemes related to finance, marketing, production and export. Given the importance of this sector, the financial aspects of Micro, Small and Medium Enterprises (MSMEs) cannot be ignored. Financial analysis is a set of tools which is used to check the financial soundness of the business; it works on small and large business even on service sectors for manufacturing. It’s not only a tool to check the financial performance but it can also be used to compare, forecasting and cutting edge in present scenario, even in future the decision can also be taken with the help of this methods and techniques. This research paper is conducted on the MSMEs of Jhansi district of Bundelkhand region, for which financial analysis tools and techniques are used with the help of MS Excel computer software. Descriptive statistics is used for better results.
Keywords: MSMEs, NIC, GP, ROI, ROTA, GOI
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