Power Finance Corporation gets ‘Maharatna’ Status
On 12th October, 2021, the Centre accorded the prestigious ‘Maharatna’ status to the state-owned Power Finance Corporation Ltd (PFC).
- Now, the PFC has become the 11th public sector enterprise to get the ‘Maharatna’ status in the country.
- Incorporated in 1986, PFC is the largest infrastructure finance company dedicated to the power sector under the administrative control of the Ministry of Power.
Impact
- Effective Monitoring and Implementation of Schemes: It will impart enhanced powers to the PFC Board while taking financial decisions. The enhanced powers that come with Maharatna Status will also help PFC in pushing the Government’s agenda of funding under the ....
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