How are loans raised by the Government of a State managed?
Loans raised by the Government of a State are managed through the Consolidated Fund of the State. According to Article 266(1), all revenues received by the Government of a State, all loans raised by that Government by the issue of treasury bills, loans or ways and means advances, and all moneys received by that Government in repayment of loans form one consolidated fund titled "the Consolidated Fund of the State."