The Contingency Fund of India is an emergency fund for the nation, established under Article 267(1) of the Indian Constitution. It is administered by the Finance Secretary (Department of Economic Affairs) on behalf of the President of India and can be operated by executive action. The fund is used to meet unexpected or unforeseen expenditures, such as disasters. The corpus of the fund is Rs. 500 crores, and it is in the nature of an imprest, which means that it is money maintained for a specific purpose. In 2021, it was proposed to raise the fund to Rs. 30,000 crore. The government needs parliamentary approval to withdraw money from this fund. Each state can have its own contingency fund established under Article 267(2). The Comptroller and Auditor General of India audits these funds and reports to the relevant legislatures on their management.