A contingencies fund or
contingency fund is a fund for emergencies or
unexpected outflows, mainly economic crises.
The Contingency Fund of India established
under Article 267 (1) of the Constitution is in the
nature of an imprest (money maintained for a
specific purpose) which is placed at the disposal
of the President to enable him/her to make
advances to meet urgent unforeseen expenditure,
pending authorization by the Parliament.
Approval of the legislature for such expenditure
and for withdrawal of an equivalent amount
from the consolidated Fund is subsequently
obtained to ensure that the corpus of the
Contingency Fund remains intact.