New Delhi, Feb. 1 -- Finance minister Nirmala Sitharaman on Saturday proposed a wider definition of micro, small and medium enterprises (MSMEs) and outlined a number of initiatives to increase credit flows amid a budget focus on helping smaller businesses.

"To help them achieve higher efficiencies of scale, technological upgradation and better access to capital, the investment and turnover limits for classification of all MSMEs will be enhanced to 2.5 and 2 times respectively."

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The broader revenue criteria will help more businesses to come under the ambit of MSMEs and smaller businesses access government benefits for a longer period.

While the budget does not ...