Shivam Tiwari, Law Center 2, Faculty of Law, Delhi University ABSTRACT Political funding is one of the most important aspects of a democratic system because it directly affects elections, governance, and public policy. In India, the problem of opaque political funding and the use of black money has been a major concern for decades. To address this issue, the Government of India introduced the Electoral Bonds Scheme in 2018 through the Finance Act, 2017. The scheme aimed to formalise political...