APSC JDO 2025: Ten one-liners based on Article 293 of the Indian Constitution

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1. Article 293 empowers States to borrow within India upon the security of their Consolidated Fund.
2. A State can borrow only from within Indian territory under Article 293.
3. States need prior Central government consent to raise loans if they owe any outstanding debt to the Centre.
4. The Centre can impose conditions when granting permission for State borrowing under Article 293(4).
5. Article 293 maintains fiscal discipline between the Union and the States.
6. Without Centre’s consent, indebted States cannot modify previous borrowing terms.
7. The article ensures coordination in financial matters between Centre and States.
8. States free from Centre’s debt can borrow independently under Article 293(1).
9. Article 293(3) acts as a check on fiscal autonomy when States are indebted to the Centre.
10. Article 293 safeguards national financial stability by regulating subnational borrowings.