The Maharashtra Defence and Aerospace Venture Fund (MDAVF), managed by IDBI Capital Markets, has committed ₹480 crore to 27 MSMEs in India’s defence and aerospace sectors. With investments of approximately ₹406 crore in 22 companies, MDAVF has realized divestment proceeds of around ₹281 crore, demonstrating strong returns. The fund supports India’s self-reliance vision by fostering technological advancements and creating over 3,000 direct jobs. Notably, 13 of the 27 backed companies are led by women, emphasizing diversity and inclusivity. MDAVF aligns with the ‘Make in India’ initiative, driving indigenous capabilities in defence manufacturing and positioning India as a global leader.