difference between departmental undertakings and statutory corporations...??
| Basis of difference | Statutory Corporation | Departmental undertaking |
| Definition | This type of organisation is formed by passing a special Act of Parliament and is an initiative of private enterprises having the power of the government. | Itis an organisation that works directly under the ministry and ensures a high degree of public accountability. |
| Ownership | Wholly owned by state | Wholly owned by government |
| Capital financing | May borrow from the government and the general public. | Financed through budget, can not borrow |