LoanMinistry of Industries, Government of MaharashtraVerified 22 May 2026Official source

Maharashtra State Financial Corporation — MSME Term Loan

The scheme provides financial assistance through term loans to MSMEs in Maharashtra for acquiring fixed assets or for expansion and modernization. Available to limited companies, co-operative societies, and partnerships, the scheme supports various projects with a focus on technical and financial viability.

Maximum amount

₹5.0Cr

Typical payout

₹30.0L

Processing time

2–8 weeks

Application window

Open year-round

Check if your startup qualifies for Maharashtra State Financial Corporation — MSME Term Loan

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Eligibility criteria

Company type: Private Limited, LLP, Proprietorship, Partnership Firm
Stage: Early Stage (Revenue < ₹1Cr), Growth Stage (₹1Cr–₹25Cr)
States: Maharashtra
Sectors: manufacturing, food_processing, textile, leather, chemicals, engineering, services, other
Prerequisites: Udyam (MSME) registration required

Documents required

PAN Card

PAN Card of the promoter, partners, or directors required as identity proof.

Tip: Ensure your PAN Card details are up-to-date and match with all other documents.

Aadhaar Card

Aadhaar Card of the promoter, partners, or directors required as identity proof.

Tip: Verify your Aadhaar Card details online for any discrepancies before submission.

Passport

Passport can be submitted as an alternative identity proof if PAN or Aadhaar are not available.

Tip: Ensure the passport is valid and unexpired.

Udyam Registration Certificate

Mandatory registration certificate for MSMEs to validate business status.

Tip: Register online on the Udyam Registration Portal to obtain your certificate.

Partnership Deed or MoA/AoA

Document evidencing business registration, required for partnership firms or companies.

Tip: Ensure this document is duly signed and registered with the competent authority.

Certificate of Incorporation

Certificate proving the legal formation of the company as recognized by the government.

Tip: Obtain this from the Registrar of Companies as part of your company's statutory documents.

Audited Balance Sheets and Profit & Loss Statements

Financial statements for the past 2 years to assess the business's financial status.

Tip: Have a qualified Chartered Accountant prepare and audit these documents.

GST Returns

Document showing tax compliance; required for assessing financial health.

Tip: Ensure all GST returns are filed and verified for the latest financial years.

Income Tax Returns (ITR)

ITRs of the business and promoters as proof of income and tax compliance.

Tip: Compile all relevant documents and file returns accurately for quick processing.

Detailed Project Report (DPR)

Report detailing project cost, technical viability, marketing plan, and financial projections.

Tip: Include in-depth analysis and clear data to support project feasibility.

Title Deeds of Land/Building or Proforma Invoices/Quotations

Proof of ownership or intended purchase of assets to be funded by the loan.

Tip: Ensure deeds are clear of any legal issues or encumbrances.

Pollution Clearance NOC

Certificate from MPCB required for manufacturing units dealing with pollution control.

Tip: Apply through the state's pollution control board for fast processing.

Electricity Allocation/Sanction Letter

Proof of power sanction from MSEDCL for operations requiring heavy machinery.

Tip: Coordinate with the local electricity board for timely sanction.

Caste or Category Certificates

Proof for availing regional concessions for SC/ST or other categories.

Tip: Obtain from the relevant government office or portal if applicable.

Industrial Location Proof

Proof of location in a Maharashtra Industrial Development Corporation zone.

Tip: Submit the allotment and possession letters to MSFC for verification.

How to apply for MSFC Loan

Compile the project report, layout maps, and statutory registrations.

Visit the regional office of MSFC and submit the application.

Submit physical copies of your application form, proforma invoices, and target property documents to the concerned MSFC desk officer.

Frequently asked questions

Who is eligible for MSFC Loan?

MSFC Loan is available to Private Limited, LLP, Proprietorship, Partnership Firm companies at the Early Stage (Revenue < ₹1Cr), Growth Stage (₹1Cr–₹25Cr) stage, across Maharashtra. Udyam (MSME) registration is required.

How much funding does MSFC Loan provide?

MSFC Loan provides up to ₹5.0Cr. Most applicants receive around ₹30.0L.

How long does MSFC Loan approval take?

The typical processing time from submission to disbursement is 2–8 weeks.

Is MSFC Loan currently accepting applications?

Yes, MSFC Loan is currently active and accepting applications. Application window: Open year-round.

Do I need Udyam registration for MSFC Loan?

Yes, Udyam (MSME) registration is required. Register at udyamregistration.gov.in before applying.

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Information is based on publicly available scheme guidelines. Last verified 22 May 2026. Always verify with official sources before applying.