FM said that banks have been asked to provide bill discounting facility to the MSME sector against payments due from the large corporates.
The section does not provide any timeline for companies to opt for the new regime of lower tax rate.
Persons with at least 25 years of work experience in an Indian or international public financial institution could also apply for the post.
The finance ministry will also discuss ways in which PSBs can offer doorstep banking facility.
Last week, the government announced a slew of measures to boost exports and the real estate sector.
At present, the EPFO is settling PF withdrawal claims at 8.55 per cent interest rate.
Cooperative federalism demands give-and-take, and which is why it is important for the Central Govt to make efforts to consult the states.
The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans.
The campaign comes at a time when the economy is facing headwind and it has slowed to a 5-year low of 6.8 per cent.
There are expectations that the government would come out with sector-specific stimulus sometime soon.