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Corporate Mitra Scheme

Kumari Sonali

Corporate Mitra Scheme:

The Corporate Mitra scheme will commence with 2,000 participants, including 200 people from the North East region, according to the Corporate Affairs Ministry.

  • Corporate Mitra Scheme was announced in the Union Budget 2026-27.
  • It aims to empower India’s Micro, Small, and Medium Enterprises (MSMEs) through trained and certified paraprofessionals called Corporate Mitras, who will serve the MSMEs.
  • Corporate Mitras will provide affordable and accessible support in areas such as regulatory compliance, GST, accounting, financial guidance, cost accounting, and secretarial services.
  • This ensures that MSMEs can focus on innovation and growth while meeting the regulatory compliance requirements with ease.
  • To ensure reach beyond metropolitan hubs, Corporate Mitras will primarily operate in Tier-II and Tier-III cities.
  • The scheme shall be implemented in collaboration with following Professional Institutes (PIs):
  • The Institute of Chartered Accountants of India (ICAI).
  • The Institute of Company Secretaries of India (ICSI).
  • The Institute of Cost Accountants of India (ICoAI).
  • Through this scheme, youth will undergo a 6-month Academic Course and 6 months of On-the-Job training providing exposure to real-life business environments and employment opportunities.
  • Eligibility Criteria for Candidates:
    • Age Limit: Candidates must be up to 30 years.
  • Education Qualification:
    • Graduates from any recognized university
    • Students currently in their final year of graduation (will be provided Corporate Mitra Certificate only after completing graduation successfully).
  • The PIs will recognize and award the best-performing candidates/recognized firms/LLP for engaging Corporate Mitra for On-Job training.
  • The candidates will be free to select any professional firm/ LLP recognized as “member in practice” by the PIs for On-job training.
  • A minimum prescribed stipend as per ICAI/ICSI/ICoAI norms will be paid by the professional firms/LLP offering on-job training.
  • The scheme will be implemented through the online Swayam Plus portal
  • The Portal will serve as a centralized platform for end-to-end implementation of the Corporate Mitra Scheme.