What is the supposed aim of the scheme electoral bonds?

To curb black money: The government claims that electoral bonds are aimed at checking the use of black money for funding parties. Most of the political funding is done in cash often from anonymous sources. But with electoral bonds, as the donations are made through a bank, the money becomes accountable.

To protect the identity of donors: The government claims that electoral bonds allow anonymity, thereby donors from political victimization. This is also important because a central issue in political funding is the question of whether a winning candidate or party will work for the public or for those who have funded them.


Picture Credit : Google