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ABSTRACT The objective of this research study is to analyse the growth of MSMEs in the Indian state of Jharkhand from 2018 to 2023.The study is based on secondary data analysis of MSME accounts and financial amounts reported in annual reports and data from State Level Bankers Committee, Government of Jharkhand. The key objectives are to analyze the year-wise trends in the number of MSME accounts and financial amounts across micro, small and medium enterprise categories. The results reveal fluctuating trends, with micro enterprises experiencing a sharp increase in accounts till 2021 followed by a decline, while small and medium enterprises showed relatively stable account numbers. In terms of financial amounts, micro enterprises witnessed a consistent increase, whereas small and medium enterprises had periods of growth and decline. The year 2023 saw significant growth in financial amounts across all three categories compared to 2022. The paper highlights the crucial role of MSMEs in employment generation and economic development, while emphasizing the need for continued policy support to address challenges faced by this vital sector. The findings provide insights into the performance and progress of MSMEs in Jharkhand, contributing to the understanding of this important segment of the state's economy.