Contingency Fund of India
Government Funds Intermediateभारत का आकस्मिक निधि
Definition
The Contingency Fund of India (Article 267) is a fund at the disposal of the President for meeting unforeseen expenditure pending Parliamentary approval. The current corpus is Rs 500 crore. When urgent spending is needed, the executive can draw from this fund without waiting for a Supplementary Demand. The amount drawn is later recouped by Parliament.
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Why Contingency Fund of India Matters
Understanding contingency fund of india is essential for anyone following government finances, preparing for competitive exams, or analysing India's economic policy. This concept directly affects how the government allocates resources and plans its fiscal strategy.
In the context of India's Union Budget 2026-27, with a total size of Rs 53.47 lakh crore, terms like contingency fund of india help citizens and analysts evaluate whether the government is on the right fiscal path. The numbers in the budget are only meaningful when one understands the underlying concepts.
For UPSC aspirants, contingency fund of india is frequently tested in both Prelims and Mains, particularly in Paper III (Economic Development). For CA and MBA students, this concept appears in public finance and macroeconomics courses.
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