Union Budget 2026-27 Proposes 'Corporate Mitras' To Support MSME Compliance

The Union Budget 2026–27 on Sunday proposed the creation of a cadre of trained paraprofessionals, referred to as “Corporate Mitras”, to support micro, small and medium enterprises in meeting compliance requirements.

Presenting the Budget, Finance Minister Nirmala Sitharaman said, “The government will facilitate professional institutions such as the Institute of Chartered Accountants of India, Institute of Company Secretaries of India and Institute of Cost Accountants of India to design short-term modular courses and practical tools to develop a cadre of Corporate Mitras, especially in Tier-2 and Tier-3 towns.”

She added, “These accredited paraprofessionals will help MSMEs meet compliance requirements at affordable costs.”

The proposal was announced alongside measures aimed at strengthening the MSME ecosystem. Referring to access to finance, Sitharaman said, “To continue the support to micro enterprises and maintain their access to risk capital, the Self Reliant India Fund, set up in 2021 with a corpus of ₹2,000 crore, will continue.”

She also stated, “Liquidity support with tranches of more than ₹7,00,000 crore has been made available to MSMEs.”

Suppoorting MSME'S is part of the agendas of this year's budget.