The central government notified the Electoral Bonds scheme on January 2, 2018, after the announcement the during 2017-18 budget. One of the main reasons cited for the introduction of the electoral bond scheme was to control unaccounted money flowing into the political system and to improve financial transparency.
Over the nearly two-year period since the introduction of these bonds, there were multiple debates and ongoing discussions regarding the effectiveness of electoral bonds in bringing in transparency and the scope of them are being misused as options for introducing non-traceable money into the political system.
