Anupam Mittal’s Big Plea to FM! KYC Hassles to End?

Anupam Mittal, the man behind Shaadi.com and a judge on Shark Tank India has asked Finance Minister Nirmala Sitharaman for help. He’s tired of the long process of filling out KYC (Know Your Customer) forms for startups and investors. He says it wastes a lot of time.

Asking for Change

Anupam posted on social media, saying this paperwork takes too much time. He thinks it’s not needed because the Income Tax department already knows a lot about the investors. He tagged the Finance Minister, asking her to look into it and make things easier for startups.

The Government’s Response

The Income Tax department saw his post and asked him to email them with details so they could help. But Anupam said the problem isn’t just one thing; it’s the whole process of doing KYC with the Income Tax department that’s hard.

Why This Matters

This talk about KYC comes when there’s a lot of focus on making things digital and simple, especially in finance. The government and fintech companies are trying to make KYC easier. They’re also talking about other big issues, like loans and keeping fintech companies in line with rules.

Anupam Mittal is trying to make things better for startups in India by asking for less paperwork. This could help new businesses grow faster and easier.