Corporate Mitra Scheme To Support MSMEs And Spur Jobs
ECONOMY & POLICY

Corporate Mitra Scheme To Support MSMEs And Spur Jobs

The government has launched the Corporate Mitra scheme to link private corporates with micro, small and medium enterprises (MSMEs) and strengthen local supply chains, it said. The initiative aims to support MSMEs by facilitating procurement, mentorship and market access, with a particular focus on smaller cities and towns. Officials described the scheme as an effort to decentralise industrial development and to broaden opportunities beyond major urban centres. Under the scheme, corporates will be encouraged to adopt MSMEs as partners through strategic vendor development, technical support and access to credit lines arranged in collaboration with financial institutions. The programme will also include capacity building programmes, product quality upgrades and assistance with compliance to enable smaller suppliers to meet corporate procurement standards. Industry bodies will play a coordinating role to match requirements and capabilities. Officials said the measure was designed to spur employment in smaller cities by creating predictable demand for local suppliers and by incentivising investment in regional manufacturing clusters. The scheme will prioritise linkages that can generate direct jobs in assembly, packaging and logistics as well as indirect work in services and input industries. Authorities indicated that improved market access and organised procurement would also encourage enterprises to formalise operations and seek certification.\n\nImplementation will be phased, starting with pilot clusters and extending to a wider set of towns as administrative capacities are built. The government will monitor delivery through periodic reviews and metrics for supplier onboarding, order volumes and employment creation. Officials said partnerships with state governments and industry chambers would be essential to scale the model across regions. Complementary measures will include digital platforms to match demand and supply, simplified compliance frameworks and incentives for corporates that source from registered MSMEs. The initiative will aim to improve cash flow for smaller firms and to promote sustainable supplier relationships that can withstand market shocks.

The government has launched the Corporate Mitra scheme to link private corporates with micro, small and medium enterprises (MSMEs) and strengthen local supply chains, it said. The initiative aims to support MSMEs by facilitating procurement, mentorship and market access, with a particular focus on smaller cities and towns. Officials described the scheme as an effort to decentralise industrial development and to broaden opportunities beyond major urban centres. Under the scheme, corporates will be encouraged to adopt MSMEs as partners through strategic vendor development, technical support and access to credit lines arranged in collaboration with financial institutions. The programme will also include capacity building programmes, product quality upgrades and assistance with compliance to enable smaller suppliers to meet corporate procurement standards. Industry bodies will play a coordinating role to match requirements and capabilities. Officials said the measure was designed to spur employment in smaller cities by creating predictable demand for local suppliers and by incentivising investment in regional manufacturing clusters. The scheme will prioritise linkages that can generate direct jobs in assembly, packaging and logistics as well as indirect work in services and input industries. Authorities indicated that improved market access and organised procurement would also encourage enterprises to formalise operations and seek certification.\n\nImplementation will be phased, starting with pilot clusters and extending to a wider set of towns as administrative capacities are built. The government will monitor delivery through periodic reviews and metrics for supplier onboarding, order volumes and employment creation. Officials said partnerships with state governments and industry chambers would be essential to scale the model across regions. Complementary measures will include digital platforms to match demand and supply, simplified compliance frameworks and incentives for corporates that source from registered MSMEs. The initiative will aim to improve cash flow for smaller firms and to promote sustainable supplier relationships that can withstand market shocks.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Bengaluru Metro Awards Rs 554.8 mn Travellator Contract

Bengaluru Metro Rail Corporation (BMRCL) has awarded a Rs 55.48 crore (Rs 554.8 million (mn)) contract to Milan Road Buildtech LLP for civil and structural works to install a travellator and a connecting walkway at Central Silk Board. The contract covers design, construction and structural interfaces required to link the two adjacent metro stations. BMRCL authorised the award as part of procurement for infrastructure works on the Phase-2A project. The procurement followed BMRCL's standard tendering and evaluation procedures. The project will connect the Yellow Line Central Silk Board station w..

Next Story
Infrastructure Transport

GMRC Floats Tenders For Ahmedabad Metro RRTS Hybrid Corridors

Gujarat Metro Rail Corporation (GMRC) has floated three tenders for design consultancy services for the Ahmedabad Metro Phase three Metro cum Regional Rapid Transit System (RRTS) hybrid corridor. The procurements cover work on an additional network of 48.38 kilometre (km) to be integrated into the existing metro system. GMRC framed the tenders to secure specialised consultancy for alignment design, systems integration and coordination with RRTS planning. The consultancy scope will support detailed design and interface management for the hybrid corridors. The proposed hybrid routes include Vaki..

Next Story
Infrastructure Transport

Pune Metro Groundwork Starts on Swargate Katraj Underground Line

Construction work has begun on Pune Metro’s underground extension from Swargate to Katraj, with excavation starting at the busy Market Yard station. MLA Madhuri Misal inaugurated the excavation and inspected activities along the corridor. Maha Metro has commenced digging shafts to lower Tunnel Boring Machines (TBMs) into the ground and intends to deploy four TBMs gradually over the next few months. Station building and tunnelling will proceed simultaneously to streamline the schedule. Because the entire line is underground, authorities expect traffic disruption to be minimal and road space w..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement