Government Undertakings are units owned and controlled by the Central, State or both jointly

Government Undertakings are units owned and controlled by the Central, State or both jointly.

Need for Government Undertakings.

1. To regulate the economy.

2. To accelerate economic development.

3. To raise the standard of living of people.

4. To prevent concentration of economic power.

5. To improve job opportunities for unemployed.

Nature of Government Undertakings

1. for defense needs.

2. for public utilities.

3. for development of basic industries.

4. for providing essential services.

5. for social welfare activities.

Origin of Government Undertakings

In India, since independence there has been enormous growth in Government enterprises though its origin can be traced back to the period of Chola kings in 12th century.