Corrigendum regarding Notification No F.FIN PF/2/2026 PF FD/345812/209
Delhi Gazette
SG-DL-E-24082026-275716
EXTRAORDINARY
PUBLISHED BY AUTHORITY
No. 245] DELHI, MONDAY, AUGUST 24, 2026/BHADRA 2, 1948 [N. C. T. D. No. 180
FINANCE DEPARTMENT
(Public Finance Cell)
CORRIGENDUM
Delhi, the 24th August, 2026
No. F. FIN-PF/2/2026-PF-FD/345812/Dirsrd/239.— In this department Notification No. F.FIN-PF/2/2026-
PF-FD/345812/209 dated 29/07/2026 regarding Scheme for Constitution and Administration of the Consolidated
Sinking Fund of Government of National Capital Territory of Delhi, the complete and corrected English version may
be read as:
The Lt. Governor of Government of NCT of Delhi is pleased to constitute the following scheme to be known
as the Scheme for Constitution and Administration of the Consolidated Sinking Fund of Government of National Capital
Territory of Delhi.
Scheme for Constitution and Administration of the
Consolidated Sinking Fund of Government of National Capital Territory of Delhi
1 The Scheme shall be called ‘Consolidated Sinking Fund (hereinafter
referred to as ‘the Fund’) Scheme’ of the Government of National
Capital Territory of Delhi (hereinafter referred to as ‘the
Government’).
2 The Fund will be constituted by the Government of National Capital
Territory of Delhi for redeeming its outstanding liabilities.
3 The Fund is to be utilized as an Amortization Fund for redemption
of the outstanding liabilities of the Government commencing from
the financial year 2026-27.
4 The Fund shall come into force with effect from the date of the
notification. The Operation of the Scheme is as under:
(a) The Fund shall substitute the existing fund mentioned under the
extant CSF scheme adopted by the Government.
(b) The outstanding balances of the existing fund under the extant
CSF Scheme as at end-March-2026 shall be transferred to the
Fund.
(c) 50 per cent of the outstanding corpus held in the CSF as on March
31 of the second preceding financial year, or the amount of
redemption falling due during the financial year (April – March),
whichever is less, should be reckoned for arriving at the maximum
eligible limit for withdrawal from the CSF during the year.
(d) The Fund shall not be utilized for any purpose other than redemption
of the outstanding liabilities of the Government.
(e) The State Government can avail of short-term accommodation under
Special Drawing Facility (SDF) from Reserve Bank of India
(hereinafter referred to as ‘the Bank’) against the collateral of
investment made in CSF for meeting temporary cashflow
mismatches, subject to the terms and conditions as fixed by the
Bank from time to time.
(f) The outstanding liabilities is defined to comprise both internal debt
and public account liabilities of the Government
5 The Government should make conscious efforts towards building
up the CSF corpus to five per cent of the outstanding liabilities
within a span of five years. There is no ceiling on such contributions
to the Fund in terms of number of times of making contributions in
a year. It is open to the Government to invest in the Fund from the
General Revenue at any time or from other sources such as
disinvestment proceeds, at its discretion. The Government shall not
fund its contribution to the Fund out of borrowings from the Reserve
Bank.
6 The corpus of the Fund comprising the periodic contributions as
well as the income accruing to the Fund shall be kept outside the
General Revenue of the Government. The Fund shall be utilized in
the manner prescribed in this Scheme.
7 The Fund shall be administered by Central Accounts Section of
the Bank at Nagpur, (subject to such directions / instructions as the
Government may issue from time to time).
8 The accretions to the Fund shall be invested in Government of India
(GoI) dated Securities, Special Securities of GoI, Treasury Bills and
State Government securities of other States of such maturities as the
Bank may determine from time to time in consultation with the
Government.
(a) The accretions to the Fund shall include the periodic
contributions and the income accruing to the Fund from
investment thereof.
(b) The Bank will make available the securities for investment by
acquiring the securities from the secondary market, without
loading any charge other than that indicated in paragraph 10.
9 (a) The Bank would arrange to raise a debit to the account of the
Government maintained with it as per the advice of the
Government.
(b) The contributions to the Fund shall be invested by the Bank in
Government Securities asindicated in paragraph 8 in multiples of
Rs.10,000/-.
(c) The periodic accretion to the Fund by way of interest income
shall be reinvested by the Bank in a similar manner, in multiples
of Rs.10,000/-.
(d) The investments held in the Fund and maturing during currency of
the scheme shall be reinvested in accordance with paragraph 8.
(e) No withdrawals will be allowed from the Fund until completion
of five years from the date of constitution of the fund.
(a) Withdrawals may be allowed starting from the next financial year
on completion of five years from the date of constitution of the
fund.
(b) The debit to Government on account of the periodic installments
will be accounted underthemajor head 8222 Sinking Funds; Sub
Major Head – 01 Appropriation for reduction of avoidance
of debt; Minor Head – 101 Sinking Funds. On the maturity of
the loan, the balance outstanding under the head 8222 Sinking
Funds; Sub Major Head – 01 Appropriation for reduction of
avoidance of debt; Minor Head – 101 Sinking Funds will be
credited to the head 8680-00-101 Ledger Balance Adjustment
Account.
(c) The Bank shall scroll to the Government the debit on account of
investment less the incidental charges in the usual course.
However, in order to ensure that the investment transactions of
the Fund do not get mixed up with other transactions, these will
be indicated distinctly in separate scrolls.
(d) The Bank shall arrange to collect interest on the investments and
credit the same to the Fund on the due dates.
(e) On the maturity of the securities, the Bank shall arrange to
redeem the securities. In case of premature disinvestment tomeet
the liability on account of the claims to be paid, the Bank will
decide on the securities to be liquidated and sell the securities at
the ruling price and credit the amount realized, less incidental
charges, to the Fund. If these securities are in loss, Bank may in
consultation with the Government decide on the securities to be
liquidated. As in the case of debit scrolls, the Bank shall use
separate scrolls for the receipts.
(f) The provision for expenditure on account of the periodic
contributions shall be made in the Budget of the Government
under the relevant head. The extent of expenditure to be financed
from the Fund shall be withdrawn from the Fund by the disposal
of the investment.
(g) The Bank shall open a Current Account and Subsidiary General
Ledger Account in the name of the Fund and furnish to the
Government as at the end of September and March each year, a
statement showing the details of investments.
10 The Government shall pay to the Bank a commission at the rate
of 1/8 per cent of one per cent on the turnover of the Fund or at
the rate to be mutually decided from time to time.
Accounts and Audit 11 The accounts of the Fund and the investments shall be
maintained by the Chief Controller of Accounts / Principal
Accounts Office of the State in the normal course. The Bank will
maintain subsidiary accounts in such manner and details as may
be considered by the Government in consultation with the Chief
Controller of Accounts / Principal Accounts Office.
Savings 12 The Government shall issue instructions relating to the
provisions of the Scheme as may be considered from time to time
to enable smooth functioning of the scheme. In case of any
difficulty in the operation of any provision of Scheme, the
Government may, if satisfied, relax the provisions.
By Order and in the Name of the Lt. Governor of
the National Capital Territory of Delhi,
SANTOSH D. VAIDYA, PR. Secy. (Finance)
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