About Corporate Mitra Scheme:
- It 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 or
- 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 porta
- The Portal will serve as a centralized platform for end-to-end implementation of the Corporate Mitra Scheme.
