Terrorism finance (TF) has been termed as the life blood of terrorism, one of the most important factors sustaining its continuing threat, both from within and without. In the West, a large body of work on the subject appeared after 9/11; in the Indian context, however, there is little contribution towards existing literature. This article contextualizes the reality of terrorism finance in India and provides an alternative framework for a better understanding of this threat. It analyses both the external and internal sources of terror finance and emerging trends in the country in order to provide a better understanding of the nature of threat, as a prelude to countering it at the policy formulation level. It also reinforces the findings through a case study of the United National Liberation Front, a terrorist group in North-East India.
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