TRS president and Chief Minister K. Chandrasekhar Rao has said that the party was now a ₹1,000 crore entity which is sufficient enough for him to jump into national politics.
The cash component of the total asset base of TRS is ₹861 crore, including fixed deposits of ₹451 crore and funds received from electoral bonds which were pledged with SBI and Bank of Baroda. The party got a monthly interest of ₹3.84 crore which has accumulated to ₹24 crore in a current account, Mr. Rao said in his closing remarks to the TRS plenary.
With 60 lakh members, Mr. Rao said the party could raise another ₹ 600 crore from donations even if each member contributes a mere ₹1,000 on his call.
