According to research, in the financial year 2019-20, corporate and commercial entities gave Rs 921.95 crore to national parties, with the BJP obtaining the largest share of Rs 720.407 crore.
According to research by the Association for Democratic Reforms (ADR), an NGO striving to introduce openness to electoral politics, corporate donations to national parties surged by 109 percent between FY 2017-18 and FY 2018-19. The research was based on information provided by the parties to the Election Commission of India on donors who gave more than Rs 20,000 in a particular fiscal year.
The Bharatiya Janata Party (BJP), the Indian National Congress (INC), the Nationalist Congress Party (NCP), the All India Trinamool Congress (AITC), and the Communist Party of India-Marxist were among the five parties whose donations were examined (CPM).
According to the study, the BJP got the most donations from corporate donors in FY 2019-20, totaling Rs 720.407 crore from 2,025 contributors, followed by the INC, which received Rs 133.04 crore from 154 donors, and the NCP, which received Rs 57.086 crore from 36 corporate donors. The CPM said that it received no money from corporate donations in 2019-20.
Prudent Electoral Trust was the highest donor to the BJP and the Congress in 2019-20, according to the report. The Trust gave to each of the two parties 38 times in a single year, totaling Rs 247.75 crore.
“From Prudent Electoral Trust, the BJP claimed to collect Rs 216.75 crore and the Congress declared receiving Rs 31.00 crore. The highest donor to NCP in 2019-20 was BG Shirke Construction Technology Pvt. Ltd., according to the report.
Deep Research
According to the report, national parties received the most corporate donations from 2012-13 to 2019-20, with Rs 921.95 crore in 2019-20 (during which the 17th Lok Sabha elections were held), Rs 881.26 crore in 2018-19, and Rs 573.18 crore in 2014-15 (during which the 16th Lok Sabha elections were held).
In the fiscal year 2019-20, business donations accounted for 24.62 percent of total corporate donations made between 2012-13 and 2019-20.
According to the research, corporate and commercial donations to national parties surged by 1,024 percent between 2012-13 and 2019-20.
Corporate/business contributions were classified into 15 sectors/categories by ADR and do not constitute part of the parties’ submission to ECI. Trusts and groups of enterprises, manufacturing, electricity and oil, mining, construction, exports/imports, and real estate are only a few of the industries.
“Of the Rs 921.95 crore given by corporate/business houses to the five national parties in FY 2019-20, Rs 22.312 crore came from the unsegregated category, which comprises firms with no online data or whose kind of activity is unknown,” according to the study.
Electoral trusts were the largest contributors to national parties in 2019-20, donating a total of Rs 397.82 crore (about 43 percent). Overall, manufacturing was the second biggest industry. According to the data, contributors contributed a total of Rs 146.388 crore in 2019-20. Every year, political parties are given funding. Every year, the report is also released. One such report has recently been released. In which it is disclosed who has given the most money to which political party this time. According to the data, businesses and corporations gave a total of 921.95 crores to national parties in the fiscal year 2019-20, with the BJP receiving 720.407 crore. A non-profit dedicated to increasing electoral openness. According to a report by the government nonprofit Association for Democratic Reforms (ADR), corporate donations to national parties increased by 109 percent during fiscal years 2017-18 and 2018-19. The analysis was based on the information provided by the parties to the dispute.
The BJP, Congress, AITC, and NCP got the most donations from electoral trusts in 2019-20. The BJP got the most money, Rs 323.32 crore, followed by the INC (Rs 71.00 crore), AITC (Rs 2.00 crore), and the NCP (Rs 2.00 crore) (Rs 1.50 crore). During FY19-20, all corporate/business houses gave a total of Rs921.95 crore to the five national parties, accounting for 91 percent of the total donation to political parties from known sources. The BJP received the most money.
These donations have climbed by 143 percent between 2004-12 and 2019-20, according to an analysis by the Association for Democratic Reforms (ADR), an advocacy group dedicated to increasing political openness.
The research was based on information provided to the Electoral Commission of India by the parties of donors who gave more than Rs20,000 in a given fiscal year.
The report this time only looked at the BJP, the Indian National Congress (INC), the Nationalist Congress Party (NCP), the Communist Party of India-Marxist (CPIM), and the All India Trinamool Congress, but not the Bahujan Samaj Party (BSP), because the Association for Democratic Reforms (ADR) did not include it in the analysis because the party declared that it received no voluntary contributions exceeding Rs20,000 from any donor during this period or since 2004.
According to the ADR, the BJP got the most donations from corporate contributors, totaling Rs720.407 crore from 2,025 donors, followed by INC with Rs133.04 crore from 154 corporate donors, and NCP with Rs57.086 crore from 36 corporate donors. During FY19-20, voluntary donations of moreover Rs20,000 from INC, NCP, and BJP corporate/business houses accounted for 96 percent, 95 percent, and 92 percent, respectively. For FY19-20, CPI reported no income from corporate donations.
Detailed Overview
These national parties got the most corporate donations in the fiscal year 2019-20 (during which the 17th Lok Sabha elections were held), with Rs921.95 crore, followed by Rs881.26 crore in the fiscal year 2018-19 and Rs573.18 crore in the fiscal year 2014-15. (during which the 16th Lok Sabha elections were held). Corporate donations in FY19-20 accounted for 24.62 percent of all corporate donations received between FY12-13 and FY2019-20. However, corporate donations to national parties climbed by 1,024 percent between FY12-13 and FY2019-20, with a dip in the percentage of corporate donations in FY15-16. Prudent Electoral Trust was one of the top corporate donors. It gave Rs247.75 crores to two national parties, the BJP and the INC, for a total of Rs247.75 crore, with Rs216.75 crore going to the BJP in FY19-20. In FY19-20, the biggest donor to NCP was BG Shrike Construction Technology Pvt. Ltd.
Corporate/business contributions have been split into 15 sectors/categories by ADR and do not constitute part of the parties’ submission to ECI. Trusts and groups of enterprises, manufacturing, electricity and oil, mining, construction, exports/imports, and real estate are only a few of the industries.
The BJP, INC, AITC, and NCP got the most contributions from electoral trusts in FY 2019-20; the BJP received the most, Rs323.32 crores, followed by INC and NCP. According to the ADR report, the ADR has Rs71.00 crores, AITC has Rs2.00 crores, and NCP has Rs1.50 crores.
National parties received Rs10.555 crores from 309 donations that did not include address details in the contribution form; Rs13.91 crores was received from 144 donations that did not include PAN details in the contribution form; and Rs16.19 crore of the Rs16.215 crore, or 99.85 percent of such donations, belonged to the BJP.
The report found that the national parties collected a total of Rs16.215 crores from 310 corporate donors without obtaining their PAN and address details, and one of the recommendations was that incomplete contribution reports be returned to the parties by the ECI to deter them from providing incomplete information.
The ADR has previously published similar findings, stating that during FY04-05 and FY11-12, various sectors of business houses gave a total of Rs378.89 crores to national parties, accounting for 87 percent of the total contribution from recognized sources of political parties.
According to the August 2017 report, various corporate sectors gave a total of Rs956.77 crores to national causes throughout a four-year period, from FY12-13 to FY15-16. parties, accounting for 89 percent of all contributions from recognized political party sources.
According to ADR’s July 2019 report, between FY16-17 and FY18-19, various sectors of business houses donated a total of Rs985.18 crores to political parties from known sources, accounting for 93 percent of the total contribution to political parties from known sources, while the November 2020 report stated that corporate donations to national parties during FY18-19 totaled Rs881.26 crores (93 percent).
According to statistics supplied by the Association of Democratic Reforms, the BJP received the most donations of Rs 720.407 crore from 2025 corporate contributors, followed by INC, which received Rs 133.04 crore from 154 corporate donors, and NCP, which received Rs 57.086 crore from 36 corporate donors (ADR). According to data, the voluntary donations exceeding Rs 20,000 from INC, NCP, and BJP corporate/business houses were 96 percent, 95 percent, and 92 percent, respectively, during FY 2019-20. The BSP has been excluded from this report’s study since the party has indicated that it received no voluntary contributions above Rs 20,000 from any donor during this period or since 2004.
CPI also did not report any corporate revenue for FY 2019-20, therefore it was not included in the study for this time, according to ADR.
National parties got the most corporate donations of Rs 921.95 crore in the fiscal year 2019-20 (during which the 17th Lok Sabha elections were held), followed by Rs 881.26 crore in the fiscal year 2018-19 and Rs 573.18 crore in the fiscal year 2014-15, according to ADR (during which the 16th Lok Sabha elections were held). Corporate donations in FY 2019-20 accounted for 24.62 percent of all corporate donations collected from FY 2012-13 to 2019-20. According to ADR, corporate donations to national parties climbed by 1024 percent between FY 2012-13 and FY 2019-20, despite a decline in the percentage of corporate donations.
According to ADR, business donations to national parties climbed by 1024 percent in FY 2015-16, despite a reduction in the percentage of corporate donations.
Between FY 2017-18 and FY 2018-19, corporate donations to national parties surged by 109 percent.
Prudent Electoral Trust was the highest corporate donor to two national parties, the BJP, and the INC, in the fiscal year 2019-20. According to ADR’s research report, the Trust gave 38 times to the two parties in a single year, totaling Rs 247.75 crore.
