The festival, organised by the Directorate of Cultural Affairs, will be open to public from January 22-24 and seeks to showcase the history of Shivaji's reign through a variety of cultural and creative events.
The fort, once Shivaji's capital, is located atop a hill at a height of 820 metres in Sahyadri ranges in neighbouring Raigad district.
An exhibition of coins, Shivaji's handwritten documents, and weapons is also being held as a part of the event.
Artists from distant villages across the state will perform ballads, storytelling, dhol-tasha and folk performances such as Powada, Bharud, Gondhal, Dindi dance, Mahanatya and Lokgeet among others.
Eminent historians, writers and columnists will deliver a series of lectures on the history of Shivaji's reign.
Artists will also stage a play on Shivaji's coronation.