Industrial Status -Maharatnas, Navratnas And Miniratnas


Industry -An Economic Activity - Concepts
Class - Bank Of Baroda AO Prelims Subjects
 
 
Concept Explanation
 

Industrial Status -Maharatnas, Navratnas And Miniratnas

The Maharatnas

  • Maharatna Scheme was introduced for Central Public Sector Enterprises (CPSEs), with effect from 19th May, 2010, in order to empower mega CPSEs to expand their operations and emerge as global giants.
  • The objective of the scheme is to delegate enhanced powers to the boards of identified large-sized Navratna CPSEs, so as to facilitate expansion of their operations, both in domestic as well as global markets.
  • CPSEs fulfilling the following criteria are eligible to be considered for grant of Maharatna status
  • (i) Having Navratna status,

    (ii) Listed on the Indian stock exchange, with a minimum prescribed public shareholding under SEBI regulations, An average annual turnover of 20000 crore for 3 yr,

    (iii) An average annual turnover of more than 2500 crore during the last 3 yr,

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