India's Corporate Mitra Programme to Ease Compliance for Small Town Businesses
A new training programme called Corporate Mitra is being developed to help small businesses in smaller towns meet legal and financial rules. The scheme, backed by the Ministry of Corporate Affairs (MCA), will train candidates through a mix of classroom learning and hands-on work at chartered accountancy firms.
Once qualified, participants will receive a certificate and assist micro, small and medium enterprises (MSMEs) with compliance at lower costs.
The Institute of Chartered Accountants of India (ICAI) has submitted recommendations to the MCA to shape the programme. It has also proposed changes to the existing Prime Minister Internship Scheme so that CA firms can take on interns under the new initiative.
Candidates will train for nine months, combining theory with practical experience at CA offices. During this period, they may receive a monthly stipend of Rs 9,000. After completing the course, they will sit an exam to become certified Corporate Mitras.
The ICAI is now forming a committee to oversee the scheme's rollout. Other professional firms are also working with the MCA to design training materials. The government expects to finalise adjustments to the internship scheme in the coming months, with the Corporate Mitra programme potentially launching by June 2026.
The focus will be on supporting MSMEs in Tier 2 and Tier 3 towns, where businesses often struggle with compliance costs. By providing trained local experts, the scheme aims to make regulatory processes more accessible and affordable.
The programme will create a pool of certified professionals to assist small businesses with compliance. If launched as planned by mid-2026, it could ease regulatory burdens for MSMEs in smaller towns. The MCA and ICAI continue to refine the training structure and internship rules before full implementation.
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