Government should not sit on over due payments, Sitharaman said, adding the money should go to people who have been waiting for it.
FM said banks have been asked to follow that circular and not declare any stressed MSME loan as NPA till March.
The blue print for the stimulus is ready that would be announced by FM Nirmala Sitharaman in the next few days, an official said.
FIEO said the new measures in form of incentives and refund of taxes will go a long way in enhancing the growth prospects.
This is credit negative for India's banks as it will limit their flexibility in managing interest rate risk, Moody's said in a statement.
As the Finance Ministry has been receiving several grievances related to GST, the minister tried to assuage some of the concerns.
In future, all GST refunds of MSMEs will be paid within 60 days from the date of application, said FM Nirmala Sitharaman.
Thousands of artisans, small businesses and women entrepreneurs are finding partnership with Flipkart beneficial, said Flipkart CEO.
MSME Minister Nitin Gadkari said that it will generate a turnover of Rs 10 lakh crore in two years of its launch.
Flipkart is very keen on collaborating extensively with the MSMEs, ODOP and artisans in Uttar Pradesh.
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