ICAI Launches Corporate Mitra Program for Aspiring Accountants
Introduction to the Corporate Mitra Program
The Institute of Chartered Accountants of India (ICAI) has initiated the application process for its 'Corporate Mitra' program starting from July 15, with the deadline for applications set for July 31.
Overview of the Corporate Mitra Scheme
This program is particularly beneficial for graduates looking to establish a career in accounting, taxation, or finance. The 'Corporate Mitra' initiative aims to equip para-professionals to support Micro, Small, and Medium Enterprises (MSMEs) in areas such as accounting, taxation, financial management, and compliance with regulations.
The scheme was introduced in the Union Budget, assigning ICAI, ICSI, and ICMAI the task of training professionals for the MSME sector. The course is available on the SWAYAM Plus platform in partnership with IIT Madras.
Eligibility Criteria
To apply, candidates must be Indian citizens who have graduated from a recognized university. Final-year students can also apply but will receive their certification only after completing their degree. Applicants should be aged between 20 and 30 years. The course fee is ₹3,000, plus an 18% GST.
Program Structure and Training
The program, conducted by IITM Pravartak, includes 150 hours of study and is credit-eligible under NCRF Level 5.5. After the coursework, candidates must complete six months of practical training before undergoing the final assessment and certification.
The curriculum consists of six modules covering Accounting, Taxation, Banking, Financial Management, Legal and Secretarial Practice, and Cost and Management Accounting. Key topics include journal preparation, tax return filing, banking systems for MSMEs, and company law.
Assessment Process
Upon completing the course and the practical training, candidates will take a center-based MCQ examination administered by ICAI, ICSI, and ICMAI. Those who pass will receive a verifiable certificate from SWAYAM Plus. Candidates who do not pass must re-register for the program and pay the fee again, as re-examinations are not permitted within the same assessment cycle.
