The Miniratnas (I and II)
Category I CPSEs should have made profit in the last three years continuously, the pre-tax profit should have been Rs 30 crore or more in at least one of the three years and should have a positive net worth.
Category II CPSEs should have made profit for the last three years continuously and should have a positive net worth.
These public sector enterprises shall not depend upon budgetary support or Government guarantee.
The Boards of these CPSEs should be restructured by inducting at least three non-official Directors as the first step before the exercise of enhanced delegation of authority.
The administrative ministry concerned shall decide whether a public sector enterprise fulfilled the requirements of a category I/category II company before the exercise of enhanced powers.
CPSEs Category I :The power to incur capital expenditure on new projects, modernisation, purchase of equipment etc., without Government approval upto Rs 500 crore or equal to net worth, whichever is less.
CPSEs Category II: The power to incur capital expenditure on new projects, modernisation, purchase of equipment etc., without Government approval upto Rs 250 crore or equal to 50 % of the net worth, whichever is less.
Category I CPSEs: To establish joint ventures and subsidiaries in India with the stipulation that the equity investment of the CPSEs in any one project should limited to 15% of the net worth of the CPSE or Rs 500 crore, whichever is less. The overall ceiling on such investment in all projects put together is 30% of the net worth of the CPSE.
Category II CPSEs: To establish joint ventures and subsidiaries in India with the stipulation that the equity investment of the CPSEs in any one project should be 15% of the net worth of the CPSE or Rs 250 crore, whichever is less. The overall ceiling on such investment in all projects put together is 30% of the net worth of the CPSE.