About this programme
MITDF is a SEBI-registered Category-I Alternative Investment Fund (Venture Capital Fund) that invests equity and equity-linked instruments in early-stage Maharashtra-incorporated startups and MSMEs with innovative, scalable business models. Investments are wholly deployed within Maharashtra, capped at Rs 10 crore or 10% of the committed corpus per round, whichever is lower. It is run by IDBI Capital Markets & Securities Limited (Sponsor/Investment Manager), IDBI Trusteeship Services Limited (Trustee).
This is equity funding — the investor (often through a fund) takes a stake in your company in exchange for capital, rather than lending or granting money. You give up some ownership; you don’t repay it like a loan. The amount and form of support that actually apply to you depend on the programme’s rules and how your application is assessed — they are not fixed for every applicant.
It is aimed at businesses in impact startups/msmes across agriculture, healthcare, waste/water management, fintech, cybersecurity, governance, smart infrastructure, education, clean energy and mobility. Like most government programmes, it has its own eligibility conditions, documentation and application window, and these terms are revised from time to time. Because of that, it is worth confirming the current eligibility, amount and deadline on the official programme page before you invest time in applying.
Who can apply
Company incorporated in Maharashtra under the Companies Act 2013, domiciled and operating in Maharashtra, meeting the Startup India criteria; early-stage startups and MSMEs across listed priority sectors.
Documents you’ll typically need
- Business registration / incorporation certificate
- PAN (and GST registration, where applicable)
- Identity and address proof for the applicant / directors
- A short description of your business or project
The exact checklist depends on the programme and your specifics.
Frequently asked
What kind of support is this?
This is equity funding — the investor (often through a fund) takes a stake in your company in exchange for capital, rather than lending or granting money. You give up some ownership; you don’t repay it like a loan.
Who runs this programme?
Maharashtra Innovation and Technological Development Fund (MITDF) is offered by IDBI Capital Markets & Securities Limited (Sponsor/Investment Manager), IDBI Trusteeship Services Limited (Trustee). Eligibility and approval rest with them; the criteria and amounts are set by the programme.
Is there a deadline to apply?
Programmes like this can be rolling or time-bound. Confirm the current window on the official programme page before you apply.
How do I know if I’m eligible?
Read “Who can apply” above for the programme’s own criteria. If you’d like a quick read on your specific case, our free 2-minute eligibility check maps your stage, sector and revenue to what you can realistically claim.
Reviewed July 2026. Government programmes change — confirm current eligibility, amounts and deadlines on the official programme page before you apply. CapEasy is a private consultancy and is not affiliated with any government authority.