When a company assign priorities to its projects, products and services or wants to communicate its target or goal or wants to plan its routine activities, a balanced scorecard framework can be used which enables a company to measure as well as to monitor the success of its strategy used in its performance. In Indian economy micro, medium and small sector has emerged a very significant sector for all inclusive growth in term of employment generation, exports enhancement, inventions and innovations and balanced regional development. Historically it is said that BSC is useful for large sized industries but the benefits of adopting BSC in SMEs are same as in multinationals. By applying this strategy the owners of SMEs can monitor the performance and progress in real time basis and can take corrective actions at right time rather than waiting for the year-end financial results. This paper studies about the perspectives of Balance Score Card, SMEs in India and the effects of adoption of balanced score card in small and medium enterprises in India.

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Keywords: Balanced Score Card, Performance Measurement, Small and Medium Enterprises.