The Association for Democratic Reforms (ADR) has pointed out that the BJP received more than 10 times the cumulative donations that India’s five other national parties received in the 2024-25 fiscal.

The ADR said that in its analysis of donations above ₹20,000 to national parties: "The donations declared by the BJP are more than 10 times the aggregate declared by the INC (Congress), AAP, CPM and NPEP for the same period (₹6,074.015 crore declared by the BJP against ₹574.54 crore declared by the remaining parties)…. The BSP declared that the party did not receive any donations above ₹20,000 during FY 2024-25, as it has been declaring for the past 19 years." NPEP refers to the Conrad Sangma-led National People’s Party in Meghalaya.

Parties aren't required to reveal the source of donations below ₹20,000 in their accounts submitted to the Election Commission.

The report said: "Donations from corporates formed 94.13 per cent of total donations declared by the BJP. 112 donations from corporate/business sectors amounting to ₹383.86 crore were made to INC, while 2,357 individual donors donated ₹132.38 crore to the party. Donations from corporates formed 74.1 per cent of total donations declared by INC."

Top donors to parties are: Prudent Electoral Trust donated a total of ₹2,180.71 crore to the BJP, and ₹216.33 crore to INC, ₹16.41 crore to AAP. Kalyan Jewellers India Ltd donated ₹1 crore to the CPM. The NPEP received ₹35 lakh from Meghalaya Cement Limited.

In 2018, the CPM had demanded a ban on all corporate funding of elections. In the preceding financial year, too, the BJP got a lion’s share of donations.