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Monday, February 26, 2024

BJP Receives ₹259 Crore via Electoral Trust in 2022-23, Reveals ADR

According to a report released by the Association for Democratic Reforms, the Bharatiya Janata Party (BJP) collected 259.08 crore in electoral trust donations in 2022-2023, accounting for 70.69% of all donations made through the medium.

According to the ADR report, the Bharat Rashtra Samithi (BRS) got the second largest electoral trust donations at 90 crore, accounting for 24.56% of all electoral trust donations.

Companies establish electoral trusts with the goal of distributing contributions received from other corporations and people to political parties. They are required to distribute 95% of all donations collected in a fiscal year to political parties registered under the Representation of the People Act of 1951. Companies and people who donate to electoral trusts are listed.

Unlike electoral bonds, whose purchasers are anonymous, electoral trusts are more transparent since donors must be reported.

According to the data, the YSR Congress collected 16 crore, the Aam Aadmi Party 90 lakh, and the Congress 50 lakh in electoral trust donations.

Of the thirteen electoral trusts that submitted their contribution reports, only five — Prudent Electoral Trust, Samaj Electoral Trust Association, Paribartan Electoral Trust, Triumph Electoral Trust and Einzigartig Electoral Trust —declared contributions from corporate houses and individuals. Contributions from these five electoral trusts were worth ₹366.495 crore.

Prudent disbursed 99.09% of the money it collected, ₹363.15 crore, to four political parties — BJP ( ₹256.25 crore), BRS ( ₹90 crore), YSRCP ( ₹16 crore) and AAP ( ₹90 lakh). Congress received ₹50 lakh, its only donation, from Samaj Electoral Trust Association. BJP is the only party to receive donations from multiple electoral trusts.

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Source: HT

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