Part XII · Finance, Property, Contracts and Suits · Chapter II — Borrowing

Article 292: Borrowing by the Government of India

Q: What does Article 292 of the Indian Constitution say?

Article 292 deals with borrowing by the government of india. The executive power of the Union extends to borrowing upon the security of the Consolidated Fund of India within such limits, if any, as may from time to time be fixed by Parliament by law and to the giving of guarantees within such limits, if any, as may be so fixed.

Q: Which part of the Constitution contains Article 292?

Article 292 is in Part XII (Finance, Property, Contracts and Suits), Chapter II — Borrowing.

Official text as on 1 May 2024

Text of Article 292

The executive power of the Union extends to borrowing upon the security of the Consolidated Fund of India within such limits, if any, as may from time to time be fixed by Parliament by law and to the giving of guarantees within such limits, if any, as may be so fixed.

Words in [square brackets] were inserted or substituted by later amendments (see below). Source: Legislative Department, Ministry of Law and Justice, Government of India

A plain-English explanation of Article 292, landmark judgments and exam facts are being added to this page.

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