Corporate Mitra scheme for MSMEs: MoU signed, registrations to open

The Corporate Mitra scheme, designed to create trained para-professionals for MSMEs, is nearing rollout. An MoU was signed with IIT Madras and professional institutes like ICAI, ICSI, and ICMAI to operationalise the program announced in Budget 2026-27.

The Corporate Mitra scheme, announced in the Union Budget 2026-27 to create a pool of trained para-professionals for micro, small and medium enterprises (MSMEs), has moved closer to rollout with the signing of a Memorandum of Understanding (MoU) with IIT Madras and the unveiling of the scheme's logo, ahead of the opening of registrations.

According to a joint press release, the MoU was signed on June 25 between IIT Madras, IIT Pravartak, SWAYAM Plus, the Institute of Chartered Accountants of India (ICAI), the Institute of Company Secretaries of India (ICSI), and the Institute of Cost Accountants of India (ICMAI) to operationalise the Corporate Mitra scheme.

The government had announced the Corporate Mitra scheme in the Union Budget 2026-27 "designed to create a pool of trained and certified para professionals to support MSMEs in managing business and regulatory compliances." The release said the initiative "will facilitate ease of doing business and contribute towards Viksit Bharat."

Government's Role in Implementation

The Ministry of Corporate Affairs (MCA) said it laid the foundation for implementing the scheme by constituting a steering committee soon after the Budget announcement and coordinating with ICAI, ICSI, ICMAI and IIT Madras. The ministry also helped finalise the scheme guidelines, brochures and logo, while hosting the course content on the SWAYAM Plus portal for nationwide rollout, the release said.

Scheme Details and Eligibility

The scheme is open to Indian nationals up to 30 years of age who are graduates or are in the final year of graduation. It includes around 150 hours of online academic learning through expert-led sessions, followed by six months of on-the-job training with professional firms.

The release said candidates will receive certification as Corporate Mitras after successfully completing both the academic modules and practical training. They will be trained in accounting, taxation, banking, financial management, legal and secretarial practices, and cost and management accounting.

Course Fees and Registration

The course fee has been fixed at Rs 3,000 plus GST, with a 50 per cent fee concession for women candidates and those from the North Eastern states, Himalayan regions, Andaman and Nicobar Islands, and Lakshadweep, according to the release. The academic component will be delivered through the SWAYAM Plus platform with support from ICAI, ICSI and ICMAI.

The release said registrations for the Corporate Mitra course will open shortly through the websites of the Ministry of Corporate Affairs, SWAYAM Plus, ICAI, ICSI and ICMAI. (ANI)

(Except for the headline, this story has not been edited by Asianet Newsable English staff and is published from a syndicated feed.)