Objectives of Electoral Bonds Scheme
Following are the objectives of electoral bond scheme:
- The Electoral Bonds Scheme’s main goal is to organize and improve India’s political financing system.
- It aims to stop illegal and black money from entering the country’s political financing system.
- According to the government, the program protects the identity of the contributor while also improving political donation transparency.
Electoral Bonds
Electoral bonds were introduced with the Finance Bill of 2017. They are securities or instruments that are used to make financial contributions to political parties. Notification of the Electoral Bonds came out in 2018.
In this article, we will learn about Electoral Bonds in detail, including their scheme, recent update, eligibility, advantages, and disadvantages.
Table of Content
- What are Electoral Bonds?
- Electoral Bonds Scheme in India
- Supreme Court Declared Electoral Bonds Unconstitutional
- Electoral Bonds Under Scrutiny in Supreme Court
- Supreme Court’s Hearing on Electoral Bonds Scheme
- Eligibility for Electoral Bonds Scheme