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Re:

Did BJP Receive More Electoral-Bond Money Than 30 Other Parties Combined?

Scroll’s claim that BJP received more than 30 other parties combined was tied to audited statements available through April 2023. Later electoral-bond totals use different sources, periods and party groups.
From TheFinanceBase Team3 min to read
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In the figures published by Scroll on 15 February 2024, yes: BJP reported Rs 6,566.12 crore in electoral-bond receipts, more than the combined amount reported for the other parties in the article’s cohort. That comparison used parties’ audited statements available through April 2023—not every bond encashment later disclosed by the State Bank of India (SBI). The answer changes with the dataset and time period.

What the original chart compared

Scroll’s 15 February 2024 chart article reported that at least seven national parties and 24 regional parties had received electoral-bond money, drawing on audited party statements available through April 2023. It put BJP’s reported receipts at Rs 6,566.12 crore and said that amount exceeded receipts reported for all the other parties in that cohort combined. The headline’s “30 other parties” wording refers to this article’s comparison and cutoff; it should not be read as a timeless total covering every party or every bond transaction.

Scroll also reported, citing the Association for Democratic Reforms (ADR), that Rs 12,979 crore in bonds had been sold through April 2023. That is a figure for bonds sold, not a total to substitute for the party-receipt comparison: sales and amounts reported as received are different measures.

Why later electoral-bond totals look different

The February article appeared before SBI supplied data to the Election Commission of India (ECI) in March 2024. On 21 March 2024, the government said SBI had provided the data to ECI in compliance with Supreme Court directions and that ECI had uploaded it as received, on an “as is where is basis.” (Press Information Bureau, 21 March 2024.) Later analyses based on those disclosures or other filing periods therefore answer different questions from Scroll’s original audited-statement comparison.

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National parties, FY 2017–18 to FY 2023–24

ADR’s 2026 compilation reports BJP receipts of INR 82,517.51 million, or INR 8,251.751 crore, across financial years 2017–18 through 2023–24. It says this was 50.599% of electoral-bond receipts reported for national parties in that period, exceeding the total received by the remaining nine national parties combined. This is a national-party comparison over a stated run of financial years, not the original cohort of national and regional parties with statements available through April 2023. (ADR, 2026.)

SBI disclosures, 12 April 2019 to 15 February 2024

ADR’s party-wise summary of SBI disclosures reports that political parties encashed Rs 12,769.0893 crore over this period, of which BJP encashed Rs 6,060.5111 crore. In this broader disclosure set, BJP’s reported amount was less than the combined amount for all other parties. It is not a contradiction of the earlier chart: the dates, underlying records and recipient set differ. (ADR, 2024.)

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Comparison Evidence and period BJP figure What the comparison says
Scroll chart Party audited statements available through April 2023; national and regional parties described in the article Rs 6,566.12 crore More than the other parties in that cohort combined
ADR national-party compilation FY 2017–18 to FY 2023–24; national parties INR 82,517.51 million (INR 8,251.751 crore), 50.599% of the national-party total More than the remaining nine national parties combined
ADR analysis of SBI disclosures 12 April 2019 to 15 February 2024; political-party encashments in the disclosures Rs 6,060.5111 crore Less than all other parties combined

How to read the figures without conflating them

  • Check the source: an audited party statement, an SBI disclosure record and a sealed-cover disclosure are not interchangeable datasets.
  • Check the dates: a cutoff in April 2023, a financial-year series ending in 2023–24, and SBI records through 15 February 2024 cover different periods.
  • Check the party group: the original chart describes national and regional party recipients, while ADR’s later cumulative comparison is limited to national parties.
  • Check the measure: bonds sold, amounts parties report receiving and amounts parties encash are distinct figures.

ADR notes differences among the SBI disclosure period, party audit-report periods and sealed-cover disclosures, as well as inconsistencies in party reporting. Those limitations make it important to preserve each source’s scope when quoting a total. (ADR, 2024.)

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What the headline does—and does not—establish

The headline accurately describes Scroll’s reported comparison within its audited-statement cohort and cutoff. It does not establish that BJP received more than every other party combined across all electoral-bond data or time periods. The Supreme Court struck down the scheme in February 2024, according to Scroll’s contemporaneous article; subsequent SBI disclosures made additional records public, and analyses of those records use their own dates and coverage.

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