New Delhi: The Supreme Court had canceled the electoral yoke scheme in February 2024, holding it unconstitutional. That visualization was aimed at promoting a transparent way of giving political donations, but new figures show that it did not lead to a ripen in donations to the ruling BJP. Instead, huge sums of money have flowed into the BJP's worth through electoral trusts.
What reverted without the subverting of electoral bonds?
The BJP has received donations of over 3,577 Rs crore from electoral trusts vacated during 2024-25. Trusts thus played a large role in party funding, plane though electoral immuration no longer exist. For this reason, it is stuff said that despite the receipt of the yoke scheme, there was no negative impact on BJP's funding.
Why did BJP get a worthier share?
The system of electoral trust once exists in democracies and is a legitimate source of donations to political parties. Without the immuration expired, big companies and donors unexplored this trust route. According to reports, BJP got well-nigh 83.6 percent of the total money received through the trust. Congress got well-nigh 7.3 percent and Trinamool Congress 3.6 percent from this source.
The Times of India
The biggest contribution comes from the Prudent Electoral Trust, which gave a total of increasingly than Rs 2,668 crore to various parties, of which the BJP received well-nigh Rs 2,180 crore. Apart from this, other trusts like the Progressive Electoral Trust, AB General Trust, and New Democratic Trust moreover gave huge amounts, most of which went to BJP's account.
Did Congress or other parties moreover benefit?
An interesting thing is that the value of donations received by other opposition parties, including Congress, through the trust route was much less than that of BJP. The value Congress received from trusts was much less than that of BJP, and this unmistakably shows that the trust model is still proving to be the strongest funding waterworks for BJP.
Analysts say that despite the subverting of electoral bonds, corporate donors and big institutions still want to protract political funding. The solution to this is through the electoral trust route, which makes the identification of donations somewhat transparent.
How the new funding method is working
Overall, the subverting of electoral immuration has not caused any major wrack-up to the BJP's resources. The path of funding has changed, but the spritz of money still continues, and that too on a large scale. This is the reason why this issue remains at the part-way of political debate.
