Corporate Mitra Scheme

Corporate Mitra Scheme is an initiative of the Ministry of Corporate Affairs to create a pool of qualified and trusted paraprofessionals to support Micro, Small and Medium Enterprises (MSMEs) in regulatory, financial, accounting, and governance-related matters.

• The scheme will be launched with 2,000 participants, including 200 participants from the North Eastern region.
• Youth up to 30 years of age are eligible to participate in the scheme.
• Corporate Mitras will provide affordable and accessible professional assistance to MSMEs in areas such as:
  • Regulatory compliance
  • GST compliance
  • Accounting and bookkeeping
  • Financial guidance
  • Cost accounting
  • Secretarial services
  • Labour law compliance
  • Environmental compliance
• The scheme aims to reduce the compliance burden on MSMEs, enabling them to focus on innovation, productivity, and business growth.
• Corporate Mitras will primarily operate in Tier-2 and Tier-3 cities, expanding access to professional advisory services in emerging business centres across India.
• The initiative seeks to strengthen the ease of doing business for MSMEs by making professional services more affordable and widely available.
• The scheme will also facilitate direct industry attachment of participants with MSMEs and professional firms, providing practical exposure while enhancing the capacity of small businesses.

Objectives

• Improve regulatory compliance among MSMEs.
• Enhance financial and governance capabilities of small enterprises.
• Generate employment opportunities for young professionals.
• Promote inclusive entrepreneurship and strengthen the MSME ecosystem across India.

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