State borrowing regulated to require legislative limits and Central consent where prior Central loans or guarantees remain outstanding. Article 293 vests States with executive power to borrow within India on the security of the Consolidated Fund of the State, subject to legislative limits and to giving guarantees within those limits. The Central Government may make loans to States and give guarantees subject to statutory conditions, with sums charged on the Consolidated Fund of India. A State may not raise a loan without Central consent while any prior Central loan to the State remains outstanding or while any loan guaranteed by the Central Government remains outstanding; such consent may be conditional.