New Delhi: Congress party is facing a financial crisis that could undermine its ability to wrest power from Prime Minister Narendra Modi’s wealthy Bharatiya Janata Party in 2019.
For the past five months, Congress leadership has stopped sending the funds required to run its offices in various states, party officials with knowledge of the matter said, asking not to be identified as they were not authorized to speak to the media. To overcome the crisis, Congress has urged members to step up contributions and asked officials to cut expenses, they said.
Led by Rahul Gandhi, the party’s steady flow of money from industrialists has all but dried up, leaving a cash crunch so serious that it’s been forced to crowd-fund for a candidate.
“We don’t have money,” said Divya Spandana, who leads the Congress Party’s social media department. Compared with the BJP, she said her party is not getting much funding via electoral bonds — a new method for cash donation to political parties — which may force Congress to opt for more online crowd sourcing to raise money.