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Lok Sabha elections are going to be held in the country in 2024 and Union Finance Minister Nirmala Sitharaman has rejected the proposal of Bharatiya Janata Party (BJP) to contest the elections. Explaining the reason behind this, he said that he does not have the ‘necessary funds’ to contest the Lok Sabha elections. In such a situation, it is important to know how much wealth Sitharaman, who keeps track of the financial health of the country, has, let us know…
This is the net worth of Finance Minister Sitharaman
Finance Minister Nirmala Sitharaman’s decision of not contesting the Lok Sabha elections citing lack of funds has surprised everyone. He has said that BJP President JP Nadda had given him the option of contesting elections from Andhra Pradesh or Tamil Nadu, but he refused due to lack of sufficient funds to spend on contesting the Lok Sabha elections. According to the affidavit filed in the Election Commission in the year 2019, Nirmala Sitharaman’s assets (Nirmala Sitharaman Net Worth) are more than Rs 2 crore, while she has liabilities of more than Rs 30 lakh.
Invest in MF, but no insurance
According to the information available on the PMO website, in the year 2022, Finance Minister Nirmala Sitharaman has only Rs 7,350 in cash and the amount deposited by her in various bank accounts is Rs 35,52,666. The Finance Minister has invested Rs 1,59,763 in PPF, while the amount invested by him in mutual funds is Rs 5,80,424. He does not have any insurance policy. Neither has he taken LIC nor any other insurance.
Finance Minister does not have any car
The special thing in the details of assets declared by Finance Minister Nirmala Sitharaman, who is handling the country’s economy, is that she does not even have a car, but has a Bajaj Chetak scooter in her name, the price of which is stated to be only Rs 28,200. . Talking about jewellery, in the year 2022 he had a total of jewelery worth Rs 18,46,987. This includes about 315 grams of gold. As of today, the value of the gold he has is more than Rs 20 lakh.
Talking about Nirmala Sitharaman’s immovable property, according to share information, she has a luxurious house in Hyderabad, Telangana, whose price is said to be Rs 1,70,51,400. Apart from this, non-agricultural land in Hayat Nagar is also registered in his name and its value is stated to be Rs 17,08,800.
Three loans in the name of Nirmala Sitharaman
Nirmala Sitharaman, born on 18 August 1959 in Madurai, is the first full-time woman Finance Minister of India. Apart from having assets worth more than Rs 2 crore, he also has liabilities worth lakhs of rupees. He has a home loan of 19 years, overdraft of one year and mortgage loan of 10 years. If we know in detail, he has home loan liability of Rs 5,44,822, overdraft liability of Rs 2,53,055 and mortgage loan liability of Rs 18,93,989.
According to the Election Commission, a candidate can spend a maximum of Rs 95 lakh to contest the Lok Sabha elections. The candidate has to tell about the source from where the money came to contest the elections. When the financial condition of many candidates is not good, they get money from party funds to contest elections. However, every candidate has to give account of his election expenses and is allowed to spend only the amount fixed by the Election Commission for each task.
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