The Ministry of Corporate Affairs released detailed guidelines for the Corporate Mitra Scheme on 27 June 2026. The scheme, announced in the Union Budget 2026‑27 to support MSMEs and enhance ease of doing business, will begin with 2,000 participants including 200 from the North East.
Scheme features
- Launch and cohort: Guidelines released 27 June 2026; initial intake 2,000 candidates (200 from North East).
- Target geography: Primary focus on Tier‑II and Tier‑III cities for MSME support.
- Certification: Corporate Mitra certification awarded after completion of academic and on‑the‑job training.
Training and eligibility
- Eligibility: Indian nationals up to 30 years; graduates or final‑year students.
- Academic component: ~150 hours of online learning delivered via Swayam Plus and partner institutes.
- Practical training: Six months of on‑the‑job training with professional firms.
- Fee and concessions: Course fee ₹3,000 plus GST; 50% concession for women and candidates from North Eastern States, Himalayan Regions, Andaman & Nicobar Islands, and Lakshadweep.
Functions and implementing bodies
- Core functions: Regulatory compliance, GST, accounting, financial guidance, cost accounting, secretarial services for MSMEs.
- Partners: MoU (25 June 2026) among IIT Madras, IIT Pravartak, Swayam Plus, ICAI, ICSI, ICMAI to operationalise the scheme.
- Registrations: Applications to be announced on MCA, Swayam Plus, ICAI, ICSI and ICMAI portals.
IASPOINT Booster Facts
- Union Budget 2026‑27: Scheme announced as part of measures for MSME support and ease of doing business.
- Assessment: Certification contingent on both academic hours and successful completion of six months OJT.