Maharashtra State Financial Corporation
The Maharashtra State Financial Corporation (MSFC) is a leading financial institution in the state of Maharashtra, India, established on April 1, 1962, under the State Financial Corporations Act, 1951. Its primary role is to promote and develop Small and Medium Scale Industries (SMI) and Micro, Small & Medium Enterprises (MSME) within Maharashtra by providing various forms of financial assistance.
About Us
- MSFC's governance is overseen by a Board of Directors, comprising representatives from the State Government, Reserve Bank of India, Small Industries Development Bank of India (SIDBI), Scheduled Commercial Banks, Cooperative Banks, Insurance Companies, and other Financial Institutions. - The Corporation offers financial assistance for setting up new industrial units, as well as for the expansion, modernization, and diversification of existing units. - It also extends support to service-related activities within the MSME sector, thereby contributing significantly to industrial growth and employment generation in the state.
Mission
To promote the development and growth of Small and Medium Scale Industries (SMI) and Micro, Small & Medium Enterprises (MSME) in Maharashtra by providing comprehensive financial assistance for their establishment, expansion, modernization, and diversification.
Specialties & Industries
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