Electoral bond disclosures: Small, unrecognised parties reap benefits

Most unrecognized parties had disclosed their share of electoral bonds received as 'nil', as per the electoral bonds disclosure in digitised form on 17 March 2024

Smaller and unrecognised parties have also been the beneficiaries of electoral bonds by major donors.

The second-largest electoral bond donor, Megha Engineering and Infrastructures, has invested in the bonds of unrecognised parties.

Western UP Power Transmission Company — which is among the top-10 electoral bond donors — also contributed to electoral bonds along with Natco Pharma.

All the donations have gone to the Telangana-based JanaSena Party, the only one in the ‘unrecognised party’ category to receive funds through electoral bonds. 

Unrecognised parties are those that are