West Bengal
Corporate Bhavan
- 03 May 2025
- 3 min read
Why in News?
Union Finance and Corporate Affairs inaugurated the ‘Corporate Bhavan’ in New Town, Kolkata.
Key Points
- Corporate Bhavan:
- The seven-storey building spans approximately 13,239 square metres and was constructed at a cost of around Rs 150.43 crore.
- The Corporate Bhavan integrates key offices under the Ministry of Corporate Affairs under one roof, such as:
- Regional Directorate (East), Registrar of Companies, Official Liquidator, Serious Fraud Investigation Office (SFIO), National Company Law Tribunal (Kolkata Bench), Insolvency and Bankruptcy Board of India (IBBI).
- The Minister stated that the facility will act as a single-window interface for startups, investors, auditors, companies, and insolvency professionals.
- The Minister also emphasised the need for regulatory frameworks that:
- Promote good governance
- Support enterprise and formalisation
- Build public trust in regulatory systems
- PM Internship Scheme (PMIS) Facilitation Centre:
- The first-ever PMIS Facilitation Centre was also launched during the event, located on the 7th floor of Corporate Bhavan.
- The centre will serve as a resource hub for aspiring interns seeking guidance and support under the PM Internship Scheme.
- Objectives:
- Established as a collaborative initiative between MCA and Confederation of Indian Industry (CII).
- Targets youth aged 21–24 who are not in full-time education or employment.
- Key functions:
- Facilitating registration and application under PMIS
- Offering professional career counselling and guidance
- Matching candidates with suitable internships
- Raising awareness through outreach programmes
PM Internship Scheme
- The scheme aims to provide students with internship opportunities to address youth unemployment.
- It seeks to provide internships to 1 crore young people over the next five years.
- Applicants will get a monthly stipend of Rs 4,500 from the government, and an additional Rs 500 by companies as part of their Corporate Social Responsibility initiatives consisting of one year.
- A one-time grant of Rs 6,000 will be provided upon enrollment, along with insurance coverage under the PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana.