In contrast to the media’s inaccurate report, the BJP has received ₹ 8251.75 crore through electoral bonds!

Claim

BJP encashes Rs 6,986.5 crores worth of electoral bonds, DMK gets Rs 509 crores from Future Gaming

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Explanation

Following the Supreme Court’s directive, SBI provided the Election Commission with the electoral bond details for the period of April 2019 to February 15, 2024, on March 12. The Election Commission then made these details available on its website on March 14.

But it does not mention any details like which organization and how much has been donated to whom. Therefore, while the Supreme Court has ordered that the SBI should provide complete details of the electoral bonds, the Election Commission republished the data on its website on March 17, including the details before April 2019.

In this case, the Indian Express, Deccan Herald, NDTV, The Telegraph, and Business Standard have reported that the BJP has so far received Rs 6,986.5 crore in donations.

What’s the truth?

To ascertain the veracity of the news circulating, we looked at the year-wise data published by the Election Commission on its website on March 14 and March 17 regarding electoral bonds.

Consequently, it was discovered that the BJP was paid ₹ 210 crore in electoral bonds during the 2017–2018 fiscal year.

Similarly, BJP received ₹ 1450.89 crore in FY 2018-2019, ₹ 2555 crore in FY 2019-2020, and ₹ 22.38 crore in FY 2020-2021 through electoral bonds.

BJP received ₹ 1033.7 crore in FY 2021-2022, ₹ 1294.15 crore in FY 2022-2023, and ₹ 421.27 crore in FY 2023-2024 (April 01, 2023 to September 30, 2023) through electoral bonds.

So based on the data released by the Election Commission on March 17, the amount of donation received by the BJP through electoral bonds from March 2018 to September 30, 2023 is ₹ 6,987.40 crore. However, it contains no information regarding the specifics of the donations that the BJP received between October 1, 2023, and February 15, 2024.

So from the data released by the Election Commission on March 14, we have calculated the details of donations received by BJP through electoral bonds for the period from October 01, 2023, to February 15, 2024. Thus, donations totaling ₹ 1,264.35 crore have been received by the BJP. Accordingly, the BJP has received ₹ 8251.75 crore in total donations through electoral bonds between March 2018 and February 15, 2024.

And on a year-wise analysis, BJP has received maximum donations of ₹2555 crore in FY 2019-2020 alone.

FY 2017-2018 – ₹ 210 crore

FY 2018-2019 – ₹1450.89 crore

FY 2019-2020 – ₹2555 crore

FY 2020-2021 – ₹22.38 crore

FY 2021-2022 – ₹1033.7 crore

FY 2022-2023 –₹1294.15 crore

FY 2023-2024 (From April 01, 2023 to September 30, 2023) – 421.27 Crores

From October 01, 2023 to February 15, 2024 – ₹1,264.35 crore

Total donation received by BJP through electoral bonds is 8251.75 crores

However, media outlets such as Hindu Tamil, Indian Express, Deccan Herald, The Economic Times, NDTV, The Telegraph, PTI News, and Business Standard reported that the BJP received only Rs 6,986.5 crore as a total donation, excluding the Rs 1,264.35 crore received between October 01, 2023, and February 15, 2024.

This indicates that the amount they stated is incorrect because they didn’t include the donation period from October 1, 2023, to February 15, 2024.

Read More: Electoral bond funds: BJP tops the list. Who owns the money that the ED and IT took from the institution raids?

Conclusion:

In our search, we find that the media reports that the BJP has so far received Rs 6,986.5 crore in donations through electoral bonds are false. BJP’s total donation received through electoral bonds from March 2018 to February 15, 2024, is ₹ 8251.75 crore.

Links:

Details of Electoral Bonds as received in digitized form from Supreme Court Registry

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Indu Meenakshi

Indu Meenakshi is a former Microbiologist-turned-journalist, works as a Sub-Editor at YouTurn. She additionally holds Master’s in Management and English Literature. As a fact-checker, her job entails actively dispelling false information found online, exposing fake news, and raising public awareness.
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