As per the BJP’s yearly audit report that was filed with the Election Commission, the party was given ₹2120 crores in FY 2022–2023; of this, ₹1294 crores, or 61%, came from electoral bonds.
The BJP contributed ₹1775 crores in total in FY 2021–2022, which is noteworthy. Concurrently, the party’s total revenue in FY 2022–2023 was ₹2360.8 crores, up from ₹1917 crores in FY 2021–2022.
However, in terms of revenue generated from electoral bonds, the Congress lags well behind the BJP. In FY 2022–23, the Congress received ₹171 crores from electoral bonds, compared to ₹236 crores in FY 2021–22. The Congress and the BJP are both national parties.
Revenue from 2022–2023 Electoral Bonds
BJP: ₹1294 Crores
Congress: ₹171 Crores
How much money did parties at the state level receive?
When it comes to state-level parties, in 2021–2022 the Samajwadi Party was given ₹3.2 crores through ballot bonds. But in FY 2022–2023 the Samajwadi Party received no contribution from bonds. Ten times more money than the previous fiscal year, or ₹34 crores, was given to the state-level party TDP through electoral bonds in 2022–2023.
Based on available data, the BJP’s interest income for the preceding fiscal year was ₹237 crores, while for the 2021–22 fiscal year it was ₹135 crores. During the 2022–2023 election campaign, the BJP used aircraft and helicopters at a cost of ₹78.2 crores, which came from its total expenditure. Furthermore, the candidates received financial support amounting to ₹76.5 crores from the BJP.
The significance of this news lies in its depiction of the BJP’s increasing financial power in Indian politics. One major advantage the BJP has over other parties is its capacity to raise substantial sums of money through electoral bonds.