The Maharashtra State Financial Corporation (MSFC) was established under the State Financial Corporations (SFCs) Act of 1951, with a mission to catalyze the industrial growth and development in the State of Maharashtra and its neighboring regions. Since its inception on August 14, 1962, following the bifurcation of the erstwhile Bombay State Financial Corporation, MSFC has played a pivotal role in promoting and financing small and medium-scale industries. The corporation’s jurisdiction extends to the State of Maharashtra, the State of Goa, and the Union Territory of Daman & Diu, and it has been instrumental in fostering economic growth in these regions through its financial assistance programs.

Over the decades, MSFC has continually evolved to meet the changing needs of the industrial sector. Initially focused on providing term loan assistance for acquiring fixed assets such as land, buildings, plant, and machinery, MSFC has expanded its offerings to include loans for expansion, diversification, technology development, and quality improvement initiatives, such as ISO 9000 series certifications. The corporation has also facilitated the takeover of term loan accounts from banks and other financial institutions for its well-performing borrowers, thereby ensuring the financial stability and growth of these enterprises.

MSFC’s impact is evident from its impressive track record. To date, the corporation has disbursed over ₹3,700 crores to 58,572 industrial organizations, which has generated employment for approximately 14 lakh individuals and catalyzed investments amounting to ₹6,670 crores. With a strong network of regional and branch offices across Maharashtra and Goa, MSFC is well-equipped to provide timely and effective financial solutions to new-age businesses and entrepreneurs, reinforcing its commitment to industrial development and socio-economic progress.