New Delhi: Bhartiya Janta Party is the richest among India’s seven national parties revealed in ADR’s( Association of Democratic Reforms) report on Monday. BJP has declared assets worth nearly Rs 894 crore in 2015-16.
The document collated by the advocacy group went on to term the Congress, which declared assets to the tune of Rs 759 crore in the same period, as second on the list. While the BJP was found to have declared liabilities of around Rs 25 crore during that time, the figure for the Congress stood at Rs 329 crore. The report was based on the declaration of assets and liabilities by national parties from 2004-05 to 2015-16. While assets include moveable and immovable properties, cash, vehicles, investments, deposits, loans and advances, liabilities comprise factors like borrowings from banks, unsecured loans and access to overdraft facilities.
In the 11-year period that came under ADR scrutiny, the Congress possessed more assets than the BJP until 2014-15 – the year of the great saffron triumph. The BJP did better than the grand old party the next year too.
The BJP’s total assets went up from Rs 464 crore in 2012-13 to Rs 781 crore the next year, followed by Rs 894 crore in 2015-16. Without much liability, the BJP’s reserve fund also witnessed an almost corresponding increase — from Rs 437 crore in 2012-13 to Rs 869 crore in 2015-16.