Maharashtra PEF Working Capital Fund
By Directorate of Industries, Government of Maharashtra
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Quick Answer
Working capital for MSMEs in Maharashtra's Thrust Sectors that need to retool and modernize their production assembly lines, from the Productivity & Modernisation Enhancement Fund.
- Funding amount
- Varies
- Funding type
- Debt
- Application deadline
- Rolling
- Location
- Maharashtra
- Registrations needed
- Udyam registration
About this loan
The Productivity & Modernisation Enhancement Fund (PEF) gives working capital to MSMEs in Thrust Sectors in Maharashtra. It is for MSMEs that need frequent retooling of their production assembly lines because their production is non-standardized. It comes under the Maharashtra Industries, Investment and Services Policy-2025.
The money can go towards specialized machinery, upgraded equipment, advanced tools or process improvements.
Eligibility
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Full eligibility criteria — entity type, stage, sector, founder profile and registration requirements — plus your fit for this program. Sign up to view.
Grant providers
Benefits & Funding
- Fund type
- Debt
- Equity
- Equity-free
- Repayment
- Repayable
What You Get
The Productivity & Modernisation Enhancement Fund provides essential working capital to eligible MSMEs. This financial support is specifically targeted towards businesses requiring frequent retooling and modernization of their production assembly lines due to the nature of non-standardized production. The working capital can be utilized for various purposes critical to enhancing productivity and modernizing operations, such as purchasing specialized machinery, upgrading existing equipment, investing in advanced tools, or implementing process improvements. This funding empowers MSMEs to adapt to evolving market demands, improve efficiency, and maintain a competitive edge by facilitating necessary capital expenditure for operational enhancements.
- Bootstrap friendly
- Yes
Timelines & Process
Applications
Rolling basis
How to apply
Four steps from draft to disbursement — one action each.
- 1
Draft your application
Answer the form inside the grant tracker — AI drafts each response using your past answers, so you're not starting from a blank page.
- 2
Submit on the official portal
Use the official application link and verify all details before final submission.
- 3
Follow up
Reach out 5–7 days after submitting to confirm receipt and ask about the review timeline.
Program templates & documents
Files the program publishes for applicants — download these and apply in the prescribed format.
Frequently Asked Questions
What is the primary objective of the Productivity & Modernisation Enhancement Fund (PEF) - Working Capital?
The fund aims to provide working capital to MSMEs in Thrust Sectors that require frequent retooling due to non-standardized production, helping them modernize and improve their production assembly lines.
Who is eligible to apply for this working capital fund?
Micro, Small, and Medium Enterprises (MSMEs) operating within Maharashtra's designated Thrust Sectors are eligible, particularly those facing capital constraints for modernization and retooling.
What kind of financial support does the PEF provide?
The PEF offers working capital, a form of debt funding, to support eligible industries in their efforts to retool and modernize their production processes.
Are there any specific monetary limits for the working capital provided?
The official policy document currently does not specify an exact minimum or maximum quantum for the working capital assistance provided under this fund. Amounts will likely be determined based on project specifics and appraisal.
How can MSMEs apply for the Productivity & Modernisation Enhancement Fund?
Applications should follow the procedures detailed in the Maharashtra Industries, Investment and Services Policy-2025, typically involving online submission of a detailed proposal and supporting documents through the MAITRI portal or relevant government department.
Sources
Data on this page is compiled from official program and provider references.
