<h1>Finance Minister's Meeting Boosts Startup Growth: Focus on KYC Simplification, Lending Costs, and Cybercrime Solutions.</h1> The Union Finance Minister chaired a meeting with stakeholders from the startup and fintech sectors in New Delhi to discuss enhancing global competitiveness and regulatory compliance. Regulators were urged to hold monthly virtual meetings with startups to address concerns. The meeting highlighted the rapid growth of India's fintech ecosystem, now the third largest globally, with over 10,000 companies. Key action points included simplifying and digitizing KYC processes, rationalizing lending costs, and addressing cybercrime in the new Digital India Act. The initiatives aim to foster innovation and ease of doing business, with significant contributions from women-led startups.