PSUs in India, full details about PSUs

#PSUs #details

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Public Sector Undertakings (PSUs) are government owned establishments, which are established and owned by the Government of India or State governments of India. The public sector undertakings are established either by nationalization or an executive order incase of union government and state government or act of parliament incase of union government and act of state legislature incase of state government with the purpose to earn profit for the government, control monopoly of the private sector entities, offer products and services at an affordable price to the citizens and for the achievement of overall financial goals & developmental objectives in the country.

PSUs are also called government-owned enterprises or government-owned corporations or statutory corporations or nationalized corporations. These organizations are wholly or partly owned by the Government of India and/or one of the many m. Central Public Sector Undertakings (CPSUs) are wholly or partly owned by the Government of India, while State Public Sector Undertakings (SPSUs) are wholly or partly owned by state or territorial governments.

In 1951, there were five PSUs under the ownership of government sector in India. By March 2021, the number of such government entities had increased to 365.These government entities represented a total investment of about ₹16.41 lakh crore as of 31 March 2019. Their total paid-up capital as of 31 March 2019 stood at about ₹2.76 lakh crore. CPSEs have earned a revenue of about ₹24.43 lakh crore + 1 lakh crore during the financial year 2018–19.

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