She invited Swedish firms to invest in infrastructure development projects.

MSME sector has 29 per cent contribution in country's growth and 48 per cent of export is done through MSMEs.

MSMEs contribute 6.11 pc to the manufacturing GDP, 24.63 pc to the GDP from service activities, and 33.4 pc to manufacturing output.

In terms of RCEP, I want to clarify that lots of wrong information are being spread, said Union Minister Piyush Goyal.

FM said that banks have been asked to provide bill discounting facility to the MSME sector against payments due from the large corporates.

Government should not sit on over due payments, Sitharaman said, adding the money should go to people who have been waiting for it.

The external benchmark for all floating rate loans for MSME, housing and retail loans effective October 1, 2019.

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.