​ELECTORAL

BONDS SCHEME
 ELECTORAL BONDS SCHEME : BUDGET 2024-WHY DID
SUPREME COURT SCRAP IT?

CONTENTS HEADINGS Expanded Contents

INTRODUCTION

• What are Electoral Bonds

• How Electoral Bonds Work
 JUDICIAL RATIONAL

Courts view and Core reasons for the scrapping

of Electroal Bonds
PUBLC RESPONSES AND
CONCLUSION
• Critis,pubic responses
• Conclusion on this Matter
Source: pexels.com

I N T RO D U C T I O N
Intriduction to Electoral bonds

What Are Electoral Bonds

Abreif about Electoral Bonds

How Electoral Bonds work

Explanantion on how it works
 INTRODUCTION OF
ELECTORAL BONDS

 Electoral bonds were introduced to bring transparency

and accountability to political funding in India.
 70% of money donated to political parties came from
unknown, undisclosed sources.
 Without accountability in political funding, free and
fair democracy is impossible.

 Electoral Bonds will bring substantial transparency

in political donations against the present system of
contributions in the election funding mechanism
W H AT A R E E L E C T O TA L
BONDS

 Electoral bonds are financial instruments that

serve as a means of making donations to
political parties in India.
 These bonds are issued by authorized banks
in specific denominations ranging from
₹1,000 to ₹1 crore
 Donors can purchase these bonds from
authorized banks without disclosing their
identities to the public or the political
parties..
Electoral bonds can be purchased, in a 10-day
period in the beginning of each quarter i.e
1 – 10 January
1 – 10 April…etc
 HOW
DO
IT
WORK?
 JUDICIAL RATIONAL
75%
Got scraped by Supreme Count on 15 feb 2024

5 Judge Top court headed by justice

DY Chandrachud said its “ Unconstitunional“

They observed that the “political contributions give a

seat at the table to the contributor” and that “this access
also translates into influence over policymaking”
A NOTE FROM ADR
Undeclared individuals and companies
bought such bonds worth 165.18 billion
rupees ($1.99bn) up to November 2023,
according to the Association for
Democratic Reforms (ADR),
23% A f te r m a t h
The State Bank of India (SBI) was directed to
not issue any more of these bonds

Demanded to furnish identity details of those

who bought them, and to provide information
about bonds redeemed by each political party.

Source: pexels.com
CHANDRACHUD JAGDEEP CHHOKAR ANJALI BHARDWAJ

“It addresses squarely the issue of

people’s right to know who is funding
political parties,” “recognises the fact
that the stranglehold on policy and
governance is achieved by big money
through an opaque funding system of
political parties”

co-convener of
National Campaign for People’s Right to
Information
HEADLINE 3 JAGDEEP CHHOKAR

“My initial reaction is of big

relief – and some hope,”
he said, adding that the bond
system “had added an extra layer
of opacity”.

from the ADR

CHIEF JUSTICE DY CHANDRACHUD

“Political contributions give a

seat at the table to the
contributor … this access also
translates into influence over
policy-making,”

Chief Justice