The full form of PSU is Public sector Undertaking. As mentioned, PSU’s are Government-owned corporations wherein major company’s portion is handled by central or state government. In some cases, partly by central and partly by State government too. The reason behind PSU’s creation is to take commercial projects under its own control. And the most interesting part is they are not focused on money and focused on building the Nation. As well as improving the economic status of the country.
PSU means Public sector Undertaking. it is Government possessed corporations wherein a major company’s portion is handled by central or state government. The reason behind PSU’s creation is to take commercial schemes under its control. They deliver the orders to the Auditors and manage, direct them to do the appropriate audit process.
However, Audits happen in PSUs which are taken care of by the Controller and the Auditor General of India(CAG). They provide the instructions to the Auditors and manage, direct them to do the appropriate audit process. They do this for auditing the accounts of PSUs. PSUs are subdivided into PSE(Public sector Enterprises), CPSE(Central Public sector enterprises), and PSB(Public sector Banks). There are major PSUs in India. They are State Bank of India, Coal India Limited, Indian oil corporation Limited, Food Corporation of India. Additionally, Bharat Heavy Electricals Limited, National Thermal Power Corporation as well as Power Grid Corporation of India. And also Oil Natural Gas corporation limited and much more.
Public Sector enterprises refer to profitable ventures of the Government where user fees are charged for services performed. The tariff/fees may be market-based or financed. They are usually fully controlled and managed by the Government such as Railways, Professions, Defence Enterprises, Banks, etc.
If you have any doubt and queries you can comment us
The different types of PSU (Public sector Undertaking) are Departmental Undertaking, Statutory or Public Corporation, and Government Company. Public Sector Undertaking can be divided into Central Public Sector Enterprises (CPSEs), Public Sector Banks (PSBs), or State Level Public Enterprises (SLPEs). There are 11 Maharatnas, 13 Navratnas and 73 Miniratnas.
What is the difference between CPSU and SLPUC?
The government of India owns Central Public Sector Undertakings (CPSU, CPSE) completely or partially whereas the State Level Public Sector Undertakings (SLPUC) are owned by the state or territorial governments.
Some of the CPSUs are Oil and Natural Gas Corporation Limited (ONGC), Coal India Limited (CIL), Power Grid Corporation of India (PGCIL), etc.
| Term | Full Form |
| PSU | Public sector Undertaking |
FAQ’s
As mentioned, PSU’s are Government owned corporations wherein major company’s portion is handled by central or state government. In some cases, partly by central and partly by State government too. The reason behind PSU’s creation is to take commercial projects under its own control.
PSU is short form of Public sector Undertaking.
Public sector Undertaking is full form of PSU.
People May Also Check
| BFF Full Form | BHEL Full Form |
| BMW Full Form | BOD Full Form |
| BSF Full Form | BSNL Full Form |
| CBD Full Form | CBSE Full Form |
| CE Full Form | CEO Full Form |