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7 electoral trusts received Rs 258 cr in donation; BJP got 82% money: ADR

Seven electoral trusts received a total amount of Rs 258.49 crore from corporates and individuals, and the BJP bagged more than 82 per cent of it, poll rights body ADR said.

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BJP | Electoral trust donation | ADR

Press Trust of India  |  New Delhi 

The burden of laundering cash will shift to the donors from the political parties, allowing the latter to claim clean funding through electoral bonds

Seven electoral trusts received a total amount of Rs 258.49 crore from corporates and individuals, and the bagged more than 82 per cent of it, poll rights body said.

Electoral trust is a non-profit organisation formed in India for orderly receiving of contributions from corporate entities and individuals to political parties. It aims at improving transparency in the usage of funds for election-related expenses.

The Association for Democratic Reforms (ADR), in a new report, said 16 out of the 23 electoral trusts submitted details of their contribution for the financial year 2020-21 to the Election Commission of India, of which only seven declared to have received donations.

"Seven electoral trusts which have declared receiving contributions during FY 2020-21, have received a total amount of Rs 258.4915 crore from corporates and individuals and distributed Rs 258.4301 cr (99.98 per cent) to various political parties," it said.

The received Rs 212.05 crore or 82.05 per cent of these donations, while the JDU secured Rs 27 crore or 10.45 per cent of the amount.

Ten other political parties -- Congress, NCP, AIADMK, DMK, RJD, AAP, LJP, CPM, CPI and the Loktantrik Janta Dal together received Rs 19.38 crore.

According to the rules formulated by the central government, electoral trusts are required to distribute at least 95 per cent of the total contributions received during the financial year, along with the surplus brought forward from the previous financial year, to eligible political parties before March 31.

The report analyses the details of donors of seven electoral trusts formed after January, 2013, and the contributions made through them to political parties during a given year.

Of the 23 registered electoral trusts, 14 have been submitting copies of their contributions to the Election Commission consistently.

Another eight trusts declared that they did not receive any contribution or their contribution reports have never been available on the ECI website since their registration.

About 159 individuals have contributed to electoral trusts in FY 2020-21.

Two individuals contributed Rs 3.50 crore to Prudent Electoral Trust, 153 people contributed Rs 3.202 crore to Small Donations Electoral Trust, three individuals gave a total of Rs 5 lakh to Einzigartig Electoral Trust and one person contributed Rs 1,100 to Independent Electoral Trust, the said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, April 21 2022. 15:43 IST
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