Electoral Bond

This Electoral Bond dataset was publicly released on Electoral Commission of India(ECI) which was supplied by SBI on Thursday 21 Mar 2024.

For those who have never heard of electoral bonds, let me tell you what they are.

It is a simple bond to fund political parties in India.

In the year 2018, electoral bonds came into existence to curb the black money where donors can buy the bonds of ₹1000, ₹10,000, ₹1,00,000, ₹10,00,000, and ₹1,00,00,000, which will be anonymized from the public but the bank just has the KYC information of the donor.

And once the donor has the political bond, it can be given to any political party.

Now it's the duty of the political party to encash the bond within a time span of 15 days; otherwise, the bond will expire and the fund will be automatically redirected to the PM Care fund.

There is a lot of irregularity with the bond, which was taken into objection by the Association for Democratic Reforms (ADR) and ECI to bring transparency to avoid the misuse of the fund to influence people to vote for it.

After the order of the Supreme Court, the SBI was ordered to disclose the fund's information to track who had made the donation using electoral bonds from 2018 to 2024.

If you are interested in digging out more information, you are free to use this dataset and bring the hidden information from the datasets.

To know more about electoral bonds, you can read this.