Highlights

  • YSRC party’s highest financial boost came from electoral bonds; Rs 99 crore
  • Delhi-based ‘Prudent Electoral trust’ donated Rs 27 crore, the highest received from a single entity
  • Donations from individuals sky-rocketed months before the Lok Sabha and State elections

Hyderabad: Andhra Pradesh Chief Minister Y.S Jagan Mohan Reddy’s party Yuvajana Sramika Rythu Congress (YSRC) in power, received a whooping Rs 181 crore in form of donations, electoral bond, trust for the financial year ending 31st March 2019. The contributions saw a jump by 11 times  against the Rs 14.23 crore received in the previous year.

Months before the state of Andhra Pradesh went to polls, the fan party’s highest financial boost came from electoral bonds. According to the audit report submitted to the Election Commission of India, the state-recognized party YSRC received Rs 99.84 crores through bonds raised primarily in Hyderabad.The reserves bloated in 2018-19 following the introduction of bonds system, prove the party’s financial statement. A huge sum of money came from ‘anonymous’ funders.

Second highest came from India’s richest electoral trust ‘Prudent’ that donated Rs 27 crore to YSRC in 2018- 2019, the maximum received from a single entity. The party’s account statement submitted to the ECI on October 14th confirmed the funding received Delhi-based electoral trust.

YSRC Party’s top donors (in individuals category)

Meanwhile the other major contributors that showed up in the donors list are, Andru Minerals based in Rajamahendravaram- Rajamundry , MVV builders- based in Visakhapatnam who gave – Rs 9 Crore, each. While Bengaluru based company– IND Sing Developers donated Rs 5 Crore .

From ‘non-corporate entities’, that is individuals, YSRC received Rs 36 crores as donation against the Rs 11 crores in the previous year, marking a steep increase in the reserves. While, corporate entities, whose names have been concealed give Rs 18 Crore, Notably, contributions from corporates dropped from Rs 25 crore in 2018 to Rs 18 Crore in the following year.

The Andhra Pradesh party stores its income (cash ) in 18 banks, of which five are based in Hyderabad.

Income of YSRCP for the financial year ending 31-03-2019

1.Donations received : Rs 181.07 Crore
2.Other income : Rs 33,269 Crore
3. Election expenditure: Rs 53.13 Crore (money used from the income )
4.Campaign expenditure: Rs 33.93 Crore
5.Total expenditure from the income received: Rs 87.68 Crore
6.Balance : 93.39 Crore

Donations and Contribution for the Financial year ending 31st March 2019:

1.Non corporate entities : Rs 36 Crore
2.Corporate Entities: Rs 18 Crore
3.Electoral bonds: 99.8 Crore
4.Electoral trust : Rs 27 Crore

Coreena Suares

Coreena Enet Suares is the Editor of NewsMeter. Her stories have been published in the Deccan Chronicle Newspaper and the Asian Age. Coreena began her career as a News Anchor. Throughout her journey, she has been able to build a strong network with people from all walks of life. She is an alumnus of Edward R. Murrow Program for Journalists- Research and Investigation, a flagship initiative of the International Visitor Leadership Program (IVLP)

Coreena is also a certified fact-checker by Google India Initiative. She has attended the 'Defence Correspondents Course 2019, through which she visited Indo- Pak border, besides traveling on a War-ship and insight into operations of Fighter aircraft. Coreena's focus areas are anti-crime investigation agencies and Defence reporting.

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