Samajwadi Party received Rs 93.47 lakh in 2024-25, double the previous year

Samajwadi Party president Akhilesh Yadav

The Samajwadi Party (SP) in 2024-25 fiscal received voluntary contributions of Rs 93.47 lakh, double the amount received in the 2023-24 when the party had only five members in the House. The party became the third-largest party in Lok Sabha last year after winning 37 Lok Sabha seats in Uttar Pradesh.

The party has shared the details of the contributions received – in excess of Rs 20,000 – during the financial Year 2024-2025 in October this year and the Election Commission made the declarations of all the political parties public on Saturday.

The contributions for SP are constantly growing since 2022-23, finds an analysis of the annual return in respect of voluntary contribution details that the -led party submitted to the Election Commission.

So far, 13 out of 19 electoral trusts have submitted the reports in which four have said that they have neither received nor distributed any fund to parties in the fiscal. Electoral Trust is set up by companies with the sole objective to distribute the contributions received by it from other Companies and individuals to the political parties. An electoral trust is mandated to distribute at least 95% of contributions to parties it received in a fiscal.

SP received over 31 per cent of the total contributions — Rs 29 lakh – during the Lok Sabha elections — between April 18, 2024 and June 3, 2024. The results of the elections were announced on June 4. The party received the highest contribution of Rs 30 lakh from -based party treasurer Sudeep Ranjan Sen and his wife Aditi Sen.

SP received Rs 20 lakh from SLV Facility Management Pvt Ltd, Rs 10 lakh from -based construction company Star Builder and Developers. The party received another Rs 5 lakh from a hospitality firm Imperial Gardens and Resorts.

In a similar submission SP made to the Election Commission in 2023, the party had received Rs 26.92 lakh in 2022-23, that financial year after the 2022 UP Assembly polls in which the party had improved its performance as compared to 2017 elections.