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Corporate Mitra Scheme

Published 26 Jul 2026. Access the PDF directly or read the stored explanation below.

UPSC English 26 Jul 2026

Corporate Mitra Scheme

Prelims:

Economy

Mains:

GS Paper II-Government Policies and Interventions for Development, GS Paper III- Indian economy

Current relevance:

The Indian Institute of Corporate Affairs (IICA), Shillong, under the Ministry of Corporate Affairs, organised an awareness webinar on the Corporate Mitra Scheme for the youth, students, MSMEs, professionals, and enterprises of Arunachal Pradesh as part of the Corporate Mitra Scheme Awareness Campaign for the North East Region (NER).

  

Highlights:

1.      The Corporate Mitra Scheme, launched by the Ministry of Corporate Affairs, aims to strengthen the MSME sector, particularly in Tier-2 and Tier-3 cities, by creating a robust support ecosystem of trained and accredited Corporate Mitras.

2.      Objective:

Promote a formalized, financially sustainable MSME sector by facilitating access to qualified, accredited, and trusted para-professionals for business support.

3.      Role of Corporate Mitras:

They are expected to assist enterprises in:

                    i.            Regulatory compliance

                  ii.            Financial management

                iii.            Taxation

                iv.            Accounting

                  v.            Governance-related requirements

This enables MSMEs to focus on innovation, expansion, and business growth while meeting regulatory obligations.

4.      Skill Development and Employment

                       i.            The scheme seeks to create a pool of trained para-professionals by equipping young graduates with industry-relevant knowledge and practical skills.

                     ii.            It is expected to strengthen the MSME ecosystem while enhancing employment opportunities, particularly in the North Eastern Region (NER).

5.      Implementation:

                       i.            The scheme has an initial pan-India target of 2,000 participants, including 200 participants exclusively from the North Eastern Region.

                     ii.            A 50% fee concession has been provided for candidates from the North Eastern Region.

 

Source: PIB - https://www.pib.gov.in/PressReleasePage.aspx?PRID=2289729&reg=48&lang=1

 

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