Article 292 of CoI : Article 292: Borrowing by the Government of India.

Explanation using Example

Example 1:

The Government of India decides to undertake a large infrastructure project to build new highways across the country. To fund this project, the government needs to borrow a significant amount of money. According to Article 292, the government can borrow this money by issuing bonds that are secured by the Consolidated Fund of India. However, the total amount that can be borrowed is subject to limits set by Parliament. In this case, Parliament has previously set a borrowing limit of ₹10 lakh crore for such projects. The government ensures th...

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