The research study was undertaken with a view to identify business characteristics that result in fast\ngrowth of MSE. Primary data was collected from 99 randomly selected MSE through structured questionnaire.\nData were analyzed using both descriptive and inferential statistics with the help of SPSS. By using this software,\nanalysis of variance was carried out to examine the variation in the growth of MSEs related to the variation in\neach of the independent variables selected. As two dependent variables were used to measure growth in this study,\nthe result of this software shows different statistical result for both of them. The ANOVA and t-test result\nindicates, there is a significant variation on the growth of MSEs in relation to the variations of type of business,\nlegal status, formal record, borrowing and competition level if growth is measured using asset growth. If growth is\nmeasured using employment growth, the deference in types of business, having formal recording practice and\nborrowing brings difference in growth. But the ANOVA and t-test result shows there is no significant difference in\ngrowth with respect to the difference in registration with MSE office and age of business whether it is measured\nwith asset or employment growth
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