PSU Full Form Public Sector Enterprise

Public Sector Enterprise (PSE) is another name for PSU, which stands for Public Sector Undertaking. It is also known as the Public Sector Unit. It is an organisation owned or managed by the government is a public sector enterprise, or PSU, in India.

More About PSU

• Nationalised enterprises, institutions of government, or businesses themselves may work on these initiatives. 
• The ownership structure may vary, with the government holding either partial or complete ownership at the central, state, or territorial levels.
• In India, PSU is broadly categorised into three main types: 

Central Public Sector Enterprises (CPSE/CPSU), 

Public Sector Banks (PSB) and

State-level Public Enterprises (SLPE/SLPU).

• Public sector enterprises are essential to a nation's welfare and growth because they support social welfare and contribute to achieving government objectives. 
• PSUs are crucial to several important areas, such as generating income, opening doors for employment, building a solid industrial basis, etc. 
• PSUs generate money by operating in various sizes, including banking and services, and actively help boost the national income.
• PSUs play an essential part in creating job possibilities. Their economic activity reduces unemployment and fosters economic stability by generating jobs for workers at all skill levels.