BJP's Donation Surge Outpaces Congress Ahead of 2024 Elections
The BJP experienced a significant surge in donations ahead of the 2024 Lok Sabha elections, with contributions reaching ₹3,967.14 crore, marking an 87% increase from previous records. This substantial financial boost is crucial for the party's extensive campaign efforts across the country.
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In contrast, the Congress party, while receiving significantly lower donations compared to the BJP, reported a remarkable 320% increase in donations before the elections. Despite this spike, the total amount received by the Congress was notably less than that of the BJP. Specifically, the Congress received around ₹289 crore in contributions of ₹20,000 and above in 2023-24.The BJP's financial advantage is further highlighted by the fact that electoral bonds, a significant source of party funding, accounted for a substantial portion of their donations. However, the share of electoral bonds in total donations fell below 50% for the BJP, indicating a diversification in funding sources.Overall, while both parties saw increased donations, the BJP's financial prowess remains significantly greater, providing it with a substantial edge in the 2024 election campaign.