Hemwati Nandan Bahuguna (25 April 1919 – 17 March 1989) was an Indian National Congress leader and former Chief Minister of Uttar Pradesh; he later joined Bharatiya Lok Dal and worked with Charan Singh.

In early 1977, when Indira Gandhi lifted the state emergency and called for new elections to the Lok Sabha, Bahuguna left the ruling Congress party of Indira and formed a new group called Congress for Democracy (CFD) with Jagjivan Ram and Nandini Satpathy.

In 1979, he became the Finance Minister under the short lived (August - December 1979) Charan Singh administration.

In the January 1980 Parliamentary elections he won from Garhwal as Indira Gandhi's Congress(I) party candidate.

Bahuguna fell ill in 1988 and flew to the United States for coronary bypass surgery.