Corporate Mitra Scheme Awareness Webinar organized by IICA Shillong, Ministry of Corporate Affairs witnessing overwhelming participation of youth and enterprises of Mizoram

Why in news

The Indian Institute of Corporate Affairs (IICA), Shillong, under the Ministry of Corporate Affairs, organized a webinar for awareness and sensitisation of the Corporate Mitra Scheme for the youth, students, MSMEs, professionals, and enterprises of Mizoram, as part of the Scheme’s Awareness Campaign for the Northeast Region.

Exam relevance

GS2, GS3 · Governance, Economy · Prelims · Mains

Key facts

1. The Corporate Mitra Scheme was announced in the Union Budget 2026-27.
2. Its primary aim is to empower MSMEs, particularly in Tier-3 & 2 cities.
3. The scheme facilitates MSMEs in contributing to the vision of a Viksit Bharat @ 2047.
4. It seeks to create a formalized, financially sustainable, and thriving MSME sector.
5. The scheme provides MSMEs access to qualified, accredited para-professionals known as “Corporate Mitras”.
6. The Indian Institute of Corporate Affairs (IICA), Shillong, under the Ministry of Corporate Affairs, organized an awareness webinar for the scheme in Mizoram.
7. The webinar was part of an awareness campaign for the Northeast Region (NER).
8. Mizoram University, Aizawl, facilitated the program, with The Institute of Cost Accountants of India (ICMAI) as lead co-host, and The Institute of Company Secretaries of India (ICSI) and The Institute of Chartered Accountants of India (ICAI) as support co-hosts.

Prelims pointers

• Corporate Mitra Scheme: Nodal Ministry is Ministry of Corporate Affairs.
• Objective: Empower MSMEs in Tier-3 & 2 cities for Viksit Bharat @ 2047.
• Key feature: Provides access to 'Corporate Mitras' (qualified para-professionals).
• Announced in: Union Budget 2026-27.
• IICA (Indian Institute of Corporate Affairs) operates under the Ministry of Corporate Affairs.

Mains practice question

Discuss the significance of the Corporate Mitra Scheme in empowering Micro, Small, and Medium Enterprises (MSMEs) and its potential contribution to the vision of Viksit Bharat @ 2047. (150 words)

Static linkage

The Corporate Mitra Scheme links to the broader government initiatives for MSME development, regional economic growth, professional skill enhancement, and the national vision of Viksit Bharat @ 2047. It also connects with the role of professional bodies in supporting economic sectors.

Significance

The Corporate Mitra Scheme holds significance for empowering Micro, Small, and Medium Enterprises (MSMEs) by providing them with crucial professional support, thereby fostering their formalization and financial sustainability. This initiative is vital for driving economic growth, especially in Tier-2 and Tier-3 cities, and contributes directly to the national objective of achieving a developed India by 2047. By creating a pool of 'Corporate Mitras', it also promotes skill development and employment opportunities in the professional services sector, while addressing regional disparities through its focus on areas like the Northeast Region.