A study on assessing the performance of micro, small and medium enterprise of Canara Bank

In a developing country like India, Small and Medium Enterprises (SME) assumes an important status. They play a vital role in the economic development, more so in a developing economy like India. The promotion and growth of SME sector has been a cardinal feature of the industrial Policy over the years. Its employment potential is huge. Its importance as a foreign exchange earner through exports is quite significant. It is established that SME sector contributes a substantial share to India's total exports. Micro, Small and Medium Enterprises (MSME) sector is the future of India. The SMEs are facing problems in obtaining finance for marketing, technology, research and development, infrastructure etc, because they cannot afford high investments. To reduce these problems of SMEs the banks provide various schemes and new products for MSME. The Bank provides various facilities for both manufacturing and service sector.