In order to cleanse the system of political funding in the country and in keeping with the
government’s desire to move to a cashless economy, Union Finance Minister Arun Jaitley
introduced the electoral bonds scheme. The scheme, announced d
uring the 2017 Budget, aims
to account the donations made to all major political parties.
What is Electoral Bond?
An electoral bond is designed to be a bearer instrument like a Promissory Note - in effect, it
will be similar to a bank note that is payable to the bearer on demand and free of interest. It can
be purchased by any citizen of India or a body incorporated in India.
government’s desire to move to a cashless economy, Union Finance Minister Arun Jaitley
introduced the electoral bonds scheme. The scheme, announced d
to account the donations made to all major political parties.
What is Electoral Bond?
An electoral bond is designed to be a bearer instrument like a Promissory Note - in effect, it
will be similar to a bank note that is payable to the bearer on demand and free of interest. It can
be purchased by any citizen of India or a body incorporated in India.
