Power Finance Corporation Ltd (PFC) becomes 11th PSE to get the ‘Maharatna’ status

What is Maharatna Status and how it is accorded? Also, discuss the benefits of getting a Maharatna status.  (150 Words)

Approach:

• Introduce by giving a definition of Maharatna status.
• Briefly enumerate the criterias based on which Maharatna status is accorded. Give examples of some Maharatna PSUs
• Enumerate the benefits of getting Maharatna Status for a PSU
• Conclusion