Nitin Gadkari on Electoral Bonds: Intention behind Electoral Bonds Scheme was good

Nitin Gadkari on Electoral Bonds: Union Minister Nitin Gadkari defended the electoral bonds scheme on Friday, stating that it was introduced with good intentions by the Centre in 2017. Speaking at an event organized by a media house in GIFT City near Gandhinagar, Gadkari emphasized the necessity of funds for political parties to function.

Gadkari, a senior leader of the BJP, highlighted that during discussions led by former Finance Minister Arun Jaitley, the need for resources to sustain political parties was a central point. He mentioned that while some countries have government funding for political parties, India lacked such a system, leading to the introduction of the electoral bonds scheme.

The road transport and highways minister stressed that the primary aim behind electoral bonds was to provide funds directly to political parties while keeping the donors' names undisclosed, especially considering potential issues if the ruling party changes. Drawing a parallel with media house sponsorship for events, Gadkari argued that political parties similarly require financial support to operate effectively.

Gadkari asserted that electoral bonds were introduced to enhance transparency in political funding. However, following the Supreme Court's recent ruling deeming the scheme unconstitutional, he expressed willingness for all parties to collectively address any shortcomings highlighted by the court.

Highlighting the importance of transparent party financing for the country's democracy, Gadkari emphasized the necessity of funds for parties to carry out their activities effectively.

The Supreme Court's decision to annul the electoral bonds scheme before the upcoming Lok Sabha polls has stirred debate on political funding transparency. The State Bank of India (SBI) has since provided data on funds received by political parties under the scheme to the Election Commission, following the court's directive.

Also Read: Pakistan: Women given life sentence for burning Quran