Public Sector Undertakings In India for general knowledge current affairs for competitive exams UPSC SSC cgl chsl cpo Railway NTPC RRB Group D bank exams general awareness for entrance exams A state-owned enterprise in India is called a public sector undertaking – PSU or a public sector enterprise. In a PSU company, most shares, 51% or more, are owned by the central or state government. Central public sector enterprises are administered by the ministry of heavy industries and public enterprises.It Includes all the Maharatna companies, Navratna companies, and Miniratna companies.In 1951, there were just 5 enterprises in the public sector in India, but in March 2019, this had increased to 348.Also read: National Symbols of India The PSU companies in India are categorized as;MaharatnaMiniratnaMiniratna Category-IMiniratna Category-II MaharatnaEligibility: Three years with an average annual net profit of over Rs. 2500 crore, OR Average annual Net worth of Rs. 10,000 crore for 3 years, OR Average annual Turnover of Rs. 20,000 crore for 3 years (against Rs 25,000 crore prescribed earlier)Also read: The Defence of India Benefitsfor investment: Rs. 1,000 crore – R…