Explanation:

Under Article 266 (1) of the Constitution of India, all revenues ( example tax revenue frompersonal income tax, corporate income tax, customs and excise duties as well as non-taxrevenue such as licence fees, dividends and profits from public sector undertakings etc.)received by the Union government as well as all loans raised by issue of treasury bills, internaland external loans and all moneys received by the Union Government in repayment of loansshall form a consolidated fund entitled the 'Consolidated Fund of India' for the UnionGovernment.

Except the loans that are credited to the Consolidated Fund, government does not have theliability to pay it back. It is a one-way transaction only.Proceeds from the Small Savings Scheme, Provident Fund etc, where the government acts asthe custodian of the money is credited to the Public Fund of India established under the Art 266(2) of the Indian Constitution.