NEW DELHI: The Ministry of Corporate Affairs has announced that the Corporate Mitra scheme, introduced in the Union Budget 2026-27, will create a pool of trained and certified para professionals to support MSMEs in managing business and regulatory compliances. The initiative will facilitate ease of doing business and contribute towards Viksit Bharat.The Ministry of Corporate Affairs formed a steering committee after the budget announcement to lay the foundation for implementation of the scheme. Regular reviews by the ministry ensured coordination between professional institutes, including ICAI, ICSI and ICoAI, along with IIT Madras. The ministry guided the finalisation of scheme guidelines, brochures and the Corporate Mitra logo.Corporate Mitra course details and eligibilityThe scheme is open to Indian nationals up to 30 years of age who are graduates or students in the final year of graduation. The course includes about 150 hours of academic online learning through expert-led sessions, followed by six months of on-the-job training with professional firms.Certification as Corporate Mitra will be provided after successful completion of academic modules and practical training. Candidates will be exposed to accounting, taxation, banking, financial management, legal and secretarial practices, and cost and management accounting.MoU signed for course rolloutA Memorandum of Understanding was signed on 25 June, 2026 between IIT Madras, IIT Pravartak, Swayam Plus, ICAI, ICSI and ICoAI for operationalising the Corporate Mitra scheme. The Corporate Mitra logo was also released on the same day.The academic support for the Corporate Mitra course will be provided by ICAI, ICSI and ICoAI. The academic module will be delivered through the Swayam Plus portal for nationwide rollout. The Ministry of Corporate Affairs also supported hosting the designed course content on the platform.Fee structure and registration updateThe fee for the Corporate Mitra course is Rs 3000 plus GST. A 50% concession in fee will be available for women candidates and candidates from North Eastern States, Himalayan Regions, Andaman & Nicobar Islands and Lakshadweep.The Ministry of Corporate Affairs said that the announcement for opening registration for the Corporate Mitra course will be made shortly. The registration process will be available through the websites of MCA, Swayam Plus, ICAI, ICSI and ICoAI.The scheme aims to provide structured academic and practical training through professional institutes and educational platforms. Eligible candidates completing the required modules and training will receive certification as Corporate Mitra after meeting the prescribed criteria.