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Sarthi Group, WTC Ink MoC for SMEs

WTCIS is a platform organization formed with an aim to enhance and boost interests of the Indian private sector and to facilitate trade and business amongst the members of worldwide network of WTCs to various organisations on national and International level. Sarthi Advisors Private Limited (Sarthi Group) and WTC India Services Council (WTICS), have inked a Memorandum of Co-operation (MoC) to work exclusively for SMEs' financial inclusion and to facilitate provision of WTISC global services to the Indian SMEs and entrepreneurs. The MoC heralds a new chapter for financial inclusi

Govt easing hurdles for SMEs: Anand Sharma

It's not very often that small and medium companies get their due in the broader economic spectrum. Acknowledging their contribution to the Indian economy, industry and commerce minister Anand Sharma says the government is working on to ensure that SMEs are given their pride of place. Speaking at the ET NOW- IndiaMART Leaders of Tomorrow event at Taj Palace in New Delhi, Sharma, who was the chief guest, said that the government has taken measures like cutting down on red tape and invoking a provision for the first time to remove multiple-level approvals required. Sharma also hon

NASSCOM, SIDBI ink partnership for MSME development

The National Association of Software and Services Companies have entered into a Memorandum of Understanding with Small Industries Development Bank of India to work together for entrepreneurship growth and development of MSME in the Information and Communication Technology (ICT) sector in the country. As part of the MOU, both the parties will aim to coordinate the synergies in their activities to achieve this objective, NASSCOM said in a statement today. "NASSCOM and SIDBI will explore and work on various avenues related to entrepreneurship like policy advocacy, s

Sarthi Angels Makes Maiden Investment In Learning Edge Academy

Sarthi Angels Venture Foundation has made its maiden investment in Delhi based e-learning, educational technology platform, Learning Edge Academy of Professionals Pvt Ltd (LEAP). The amount of investment in the angel round was not disclosed.Founded in 2009, Learning Edge facilitates education for professional courses such as CA – CPT, IPC, IITJEE & AIEEE, AIPMT, CAT, IAS & GMAT . It facilitates recording of classes and lectures which are stored online for viewing.The company is promoted by Bhagwan Kewal Ramani, who has over 35 years at senior levels of management.

FM P Chidambaram seeks change in SME definition to encourage them to grow

How much small businesses suffer from red tape and government bureaucracy? Fat bundles of paperwork, countless certificates, long hours of waiting, irritating haggling with unresponsive officials . . . whenever our small entrepreneurs talk about public bureaucracy involved in owning and running a small business, they spew venom. There are a myriad of inconceivable obstacles at every step -- right from registering a business or getting an electricity connection to paying taxes and getting loans. A recent report on "Doing Business 2013, Smarter Regulations for Small and Medium-Size

Sarthi Group launches angel platform to help startups

Financial services company Sarthi Group today said it has launched a not-for-profit angel platform to provide funds to startups. "We have 100 angel investors registered with us already. The platform will show them proposals of startups which they can invest in," the group's co-founder Deepak Sharma said. He said Sarthi Angel Venture Foundation was targeting to close up to 6-7 deals of investments in first year and will also be working towards increasing the number of registered angels. The platform will be focusing on six sectors including agriculture an