NEW DELHI: The ailing Indian economy may just get a lifeline from the government. A day after Finance Minister Arun Jaitley hinted that the government may look at pump-priming the economy, ET NOW learns from top government sources that a whopping 65,000 cr rupee stimulus could be on cards, which could mean Asia's third largest economy may have to again take leave from its fiscal targets.New Delhi seems convinced that steroids are needed to lift economic growth , which slipped to a three-year low of 5.7 percent in the quarter ending June. ET Now learns that the focus of the stimulus is likely to be Exports, MSMEs, Bank Recap and Expenditure in capital guzzlers like roads and railways.At a time when the economy is firing on only one engine that is public investments, PM Modi and his chief lieutenant Arun Jaitley have their task cut out. Sources indicate that the first lifeline will be given to the public sector banks caught in the middle of the NPA crisis. The government may pump additional 25,000 cr rupees in PSU banks in FY18 over and above the budgeted amount of 10,000 cr rupees. The move is aimed at boosting credit offtake in the economy.The next big thing that the govt aims to do is to boost exports. The recent CAD data shows that export growth is still muted. Moreover, a slow pace of foreign orders, combined with a strong rupee has spelt fresh trouble for Indian exporters. A committee headed by Revenue Secretary Hasmukh Adhia met exporters on Tuesday to look into the worries of the sector and assured faster relief. ET Now learns that in light of 65,000 cr rupees refund stuck for July - October, the govt is looking to tweak refund norms under GST and could consider active forex management as well.Beyond banks and exports, MSMEs that have been hit hard by demonetisation have will also be given a booster shot. The bulk of economic activity in India is done by MSMEs and interest subvention and relaxation in working capital norms will go a long way in providing comfort to the sector that has been struggling to keep its head above water post a series of economic disruptions. Sources suggest ET Now that working capital requirement norm could be doubled from the current 90 days to 180 days.Rail and Road, the two big capital guzzlers will see major thrust. The government plans to give a massive infra push by injecting close to 40,000 cr in the sector in a hope that this will have a multiplier effect, generate employment and boost economic activity.With private capex yet to take off and the revenue stream under the newly-implemented GST regime looking weak, the government finds itself on a tough wicket to keep the growth engines buzzing. Initial estimates point that low receipts from divestment and spectrum could result in a shortfall of close to 50,000 cr rupees and may force New Delhi to breach the budgeted 3.2% fiscal deficit in a bid to push growth.Finance ministry is set to meet RBI officials next week to decide the borrowing programme for second half of FY18. In light of the growing clamour for a stimulus, Finance ministry could resort to higher borrowing. While a call on the matter will be taken in early January, Sources point to the pace of borrowings which is likely to be higher in Oct- Dec quarter keeping with the government's aim to push public spending.The government's gross market borrowing target was fixed at 5.8 lakh crore rupees for the full year, with 3.72 lakh crore rupees borrowed in the for the first half of 2017-18.North Block saw hectic parleys this week between Finance Minister Arun Jaitley, Commerce Minister Suresh Prabhu and Rail Minister Piyush Goyal along with several top officials on the state of the economy.