6525 DG/2026

(1)

रजिस्ट्री सं. डी.एल.- 33002/99 REGD. No. D. L.-33002/99

xxxGIDHxxx

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असाधारण

EXTRAORDINARY

प्राजधकार से प्रकाजित

PUBLISHED BY AUTHORITY

भाग IV

PART IV

राष्ट्रीय रािधानी राज्य क्षेत्र दिल्ली सरकार

GOVERNMENT OF THE NATIONAL CAPITAL TERRITORY OF DELHI

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.

सं. 245]

दिल्ली, सोमवार, अगस्ट् त 24, 2026/भाद्र 2, 1948

[रा.रा.रा.क्षे.दि. सं. 180

No. 245]

DELHI, MONDAY, AUGUST 24, 2026/BHADRA 2, 1948

[N. C. T. D. No. 180

भारत सरकार

GOVERNMENT OF INDIA

एस.जी.-डी.एल.-अ.-24082026-275716

SG-DL-E-24082026-275716

DELHI GAZETTE : EXTRAORDINARY

PART IV]

Scheme for Constitution and Administration of the

Consolidated Sinking Fund of Government of National Capital Territory of Delhi

Title of the Scheme

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’).

Constitution of the

Fund

The Fund will be constituted by the Government of National Capital

Territory of Delhi for redeeming its outstanding liabilities.

Objective of the

Scheme

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.

Commencement of

the Operation of the

Scheme

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

Contributions to

the Fund

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.

Relationship of the

Fund with General

Revenues

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.

[PART IV

DELHI GAZETTE : EXTRAORDINARY

Administration of

the Fund

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).

Investment of the

corpus of the Fund

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.

Explanation

(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.

Account

Transactions

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 as indicated 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.

Explanation

(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 under the major 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

DELHI GAZETTE : EXTRAORDINARY

PART IV]

redeem the securities. In case of premature disinvestment to meet

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.

Service charges for

administration of the

Fund

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

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

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)

Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064

and Published by the Controller of Publications, Delhi-110054.

SARVESH KUMAR

SRIVASTAVA

Digitally signed by SARVESH

KUMAR SRIVASTAVA

Date: 2026.08.24 22:52:53 +05'30'