Constitution of India · Part XII: Finance, Property, Contracts and Suits · Chapter II: Borrowing
Article 292: Borrowing by the Government of India
In plain words
The Union's executive power extends to borrowing on the security of the Consolidated Fund of India, and to giving guarantees, within any limits Parliament fixes by law.
A simplified explanation, prepared with AI assistance from the official text below and checked automatically against it for numbers and cross-references. The official text is the law and prevails over this summary. Not legal advice.
Official text
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.
Source: India Code (Legislative Department), the official text of the Constitution of India. As amended up to the Constitution (One Hundred and Sixth Amendment) Act, 2023. Text as on 10 September 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the article 292
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Aligarh Muslim University v. Naresh Agarwal & Ors.
The issues were: 1) ingredients, indicia or criteria for an educational institution to be considered a minority educational institution under Article 30 of the Constitution; 2) whether Aligarh Muslim University (AMU) is…
- The Secretary to Govt. of Kerala, Irrigation Department and Others v. James Varghese and Others
- K.C. Vasanth Kumar & Another. v. State of Karnataka
- Hari Krishna Bhargav v. Union of India and Another