Electoral Bonds : BJP Tops Encashment List, SKM Encashed MORE THAN NCP, SP, JDU

Electoral Bonds - SKMFor a small regional party like SKM, the trust companies and individuals have shown is nothing less than incredible

Electoral Bonds encashment data shows that the ruling Bharatiya Janata Party encashed electoral bonds worth ₹6060.5 crore — the highest among all parties — between April 12, 2019 and January 24, 2024. In the period, BJP’s share in the total bonds encashed was over 47.5%.

The All India Trinamool Congress received ₹1,609.50 crore (12.6%) via this route followed by the Congress ₹1,421.9 crore (11.1%), the second and third biggest parties in terms of encashment in the period.

What is most interesting for our region is that Sikkim Krantikari Morcha (SKM) led by Chief Minister P.S Golay encashed Rs 36.50 crores worth of electoral bonds, which is more than Nationalist Congress Party (NCP) at Rs 30.50 cr, Janasena Party at Rs 21 cr, Samajvadi Party at Rs 14.10 crore and Jananata Dal (United) at Rs 14 crore.

Electoral Bonds

Interestingly, the main opposition party in Sikkim, the Sikkim Democratic Front led by former Chief Minister Pawan Chamling, has also encashed electoral bonds worth Rs 5.5 crores.

SDF Electoral Bonds

In the data released, there are 1,260 companies and individuals that purchased electoral bonds worth ₹12,769 crore. The top 20, all companies, accounted for ₹5,945 crore—or nearly half of the total amount donated through electoral bonds.

Electoral Bonds
List of donors

The Election Commission of India (ECI) has put up the full list of donors who purchased electoral bonds and the political parties that encashed them. The State Bank of India (SBI) had disclosed this information to the ECI on March 12. The Supreme Court had directed the ECI to host this information on its website by March 15.

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The SBI supplied this data in two sets. The first set contains the date of purchase of each Electoral Bond, the name of the purchaser of the bond, and the denomination of the bond purchased. In total 22,217 bonds were purchased between April 1, 2019 and February 15, 2024

Here is the full list of Parties and the bonds they encashed:

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