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Corporate Mitra Scheme

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The Ministry of Corporate Affairs has announced that the Corporate Mitra Scheme will commence with 2,000 participants, including 200 candidates from the North-Eastern Region, to strengthen support for Micro, Small and Medium Enterprises (MSMEs) across India.

About the Corporate Mitra Scheme

The Corporate Mitra Scheme was announced in the Union Budget 2026–27 to empower Micro, Small and Medium Enterprises (MSMEs) by creating a pool of trained and certified paraprofessionals, known as Corporate Mitras.

The scheme aims to bridge the gap between MSMEs and professional advisory services by providing affordable, accessible, and quality support in areas such as regulatory compliance, Goods and Services Tax (GST), accounting, financial management, cost accounting, and company secretarial services. This enables MSMEs to focus on business expansion, innovation, and productivity while ensuring compliance with statutory requirements.

To improve outreach, Corporate Mitras will primarily serve enterprises located in Tier-II and Tier-III cities.

The scheme will be implemented by the Ministry of Corporate Affairs in collaboration with three professional institutes:

  • Institute of Chartered Accountants of India (ICAI)

  • Institute of Company Secretaries of India (ICSI)

  • Institute of Cost Accountants of India (ICMAI) (formerly referred to as ICoAI)

Training Structure

The scheme provides a one-year training programme comprising six months of academic learning followed by six months of on-the-job training in professional firms and Limited Liability Partnerships (LLPs).

The academic component includes 144 hours of structured online learning along with 6 hours of webinars or physical classroom sessions, while the practical training provides exposure to real business environments, professional practices, and employment opportunities.

Participants are free to choose any professional firm or LLP recognised as a Member in Practice by ICAI, ICSI, or ICMAI for their on-the-job training.

Eligibility

Candidates must be not more than 30 years of age.

The scheme is open to graduates from any recognised university as well as students in the final year of graduation. However, final-year students will receive the Corporate Mitra Certificate only after successfully completing their graduation.

Implementation

The Corporate Mitra Scheme will be implemented through the SWAYAM Plus Portal, which will function as a centralised digital platform for registration, training, certification, placement, monitoring, and overall implementation of the scheme.


 


 

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