The full form of PSUS is Public Sector Undertakings.

Public Sector undertaking. A Sector Undertaking (PSU) means a company in which not less than fifty- one per cent of the paid-up share capital is held by either the Central Government, or by any State Government (s) or partly by the Central Government and partly by one or more State Governments and includes a company which is a subsidiary of a Government company as thus defined. or A PSU is a company in which the Central Government or one or more State Government (s) either singly or together, exercise control over management or exercise power to appoint majority of directors.

Remove Advertising Public Sector undertaking means a target company in which, directly or indirectly, majority of shares or voting rights or control is held by the Central Government or any State Government or Governments, or partly by the Central Government and partly by one or more State Governments;

Public Sector Enterprises – These are the businesses which are owned and controlled by the central or state government.

Following are some of the features of public sector enterprises

1. State Ownership – The public sector enterprises are fully owned by the government. For example, the Reserve Bank of India is owned by the central government

2. Control of government – The management of such organizations is in the hands of government

3. Service Motive – The major objective of such organizations is to provide services to the citizens of the country.

4. State Finance – The funds required to run these companies is provided by the government. These funds are provided either through budget or by way of loans.

5. Public Accountability – These undertakings are accountable to the public at large as tax payers’ money is utilized by the government to invest in such companies. Hence the audit of such companies is carried out each year by the Comptroller and Auditor General of India (CAG).