Finance Minister Nirmala Sitharaman is counted among the most powerful women not only in India but in the entire world. Why should this happen? After all, he is at the helm of the world's fastest growing major economy. However, even after this he has very little wealth. After combining all his assets, the value goes into crores.
Total assets with the Finance Minister
Know about the assets and liabilities of Finance Minister Nirmala Sitharaman from the recent declaration. It's gone. Since she is a member of the Rajya Sabha, she has to disclose her assets and liabilities. In the latest declaration, the properties and their value as of 2022 have been mentioned. According to that, the combined value of total assets of Finance Minister Nirmala Sitharaman is Rs 2.53 crore, of which immovable assets are worth Rs 1.87 crore, while movable assets are worth Rs 65.55 lakh.
The Finance Minister has this much gold and silver.
His most prominent asset is a residential property located near Hyderabad, whose current value is Rs 1.7 crore. Nirmala Sitharaman co-owns this property with her husband Dr Prakala Prabhakar. Apart from this, he has agricultural land worth Rs 17.08 lakh. The Finance Minister has 315 grams of gold, whose value is Rs 14.49 lakh. Apart from this, he also has 5.282 kg silver worth Rs 3.98 lakh.
Investment in banks, PPF and mutual funds
On the investment front, Finance Minister Nirmala Sitharaman's portfolio is a typical middle one. Class is same as Indian. He has Rs 35.52 lakh as deposits in various banks. He has invested about Rs 1.6 lakh in PPF. He likes to invest in mutual funds, in which the value of his investment is Rs 5.80 lakh. He has personally lent Rs 2.7 lakh. In the name of cash, he has Rs 7,350 in his hands, while in other receivables Rs 5.08 lakh are mentioned.
Loans of about Rs 27 lakh are outstanding
Surprisingly, the Finance Minister Nirmala Sitharaman does not have any insurance. On the liabilities front, he has home loan, overdraft etc. There is an outstanding liability of Rs 5.44 lakh in the ongoing home loan from Canara Bank. There is a liability of Rs 2.53 lakh in overdraft. The biggest liability is of a 10-year mortgage loan, of which the current outstanding is Rs 18.93 lakh. All these loans are joint loans in 50:50 ratio. In this way his total liability becomes Rs 26.91 lakh.
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