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Politics

BJP Donations Surge by 87% Before 2024 Lok Sabha Elections, Electoral Bonds' Share Declines

The voluntary contributions to the party surged from Rs 2,120.06 crore in 2022-23 to Rs 3,967.14 crore in 2023-24.

BJP Donations Surge by 87% Before 2024 Lok Sabha Elections, Electoral Bonds' Share Declines

Prime Minister Narendra Modi with BJP President JP Nadda. Image: X/@JPNadda

Donations to the Bharatiya Janta Party (BJP) surged by 87% ahead of the 2024 Lok Sabha elections, totalling Rs 3,967.14 crore, compared to the previous year.

The data was highlighted in the party's annual audit report for 2023-24, released by the Election Commission on January 27, as reported by The Indian Express.

While voluntary contributions surged from Rs 2,120.06 crore in 2022-23 to Rs 3,967.14 crore in 2023-24, the share of electoral bonds in the BJP's total donations saw a significant decline.

The party received Rs 1,685.62 crore via electoral bonds, accounting for 43% of its total contributions, compared to Rs 1,294.14 crore (61%) through this channel the previous year.

The report also revealed a sharp rise in the BJP's expenditure on election and general propaganda, which jumped from Rs 1,092.15 crore in 2022-23 to Rs 1,754.06 crore in 2023-24. Of this, Rs 591.39 crore was allocated to advertisements and publicity.

The electoral bond scheme, introduced by the Narendra Modi government in 2018, allowed companies and individuals to make anonymous donations to political parties.

However, in February 2024, the Supreme Court declared the scheme unconstitutional, ruling that anonymous electoral bonds violated the right to information and Article 19(1)(a) of the Constitution.

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