Since he swept into office in 2014 by winning the Lok Sabha election with a sizable majority, Prime Minister Narendra Modi has been a significant figure globally. Without any doubt, he remains one of the most popular prime ministers in the history of India. Known for his charismatic leadership and economic reforms, Modi has garnered significant attention both within India and on the international stage. As a public servant, PM Modi receives a fixed salary as per government regulations, and any details regarding his personal finances are closely guarded and not officially available. We have discussed more about Narendra Modi net worth and assets.
Narendra Modi Net Worth, Salary, Assets
Narendra Modi Net Worth, Salary, Assets
Team Modi has worked day and night to meet a number of these expectations, whether it is through enhancing foreign policy or introducing social programs for low-income populations. However, there have also been certain setbacks that have, in some way, split opinions during the course of Modi’s tenure as PMO. Let us learn more about this great man.
About Narendra Modi
Narendra Damodar Das Modi was born in Vadnagar, India on On September 17, 1950. He is a politician and government official from India who advanced to the position of senior Bharatiya Janata Party leader over time. Modi received his M.A. in political science from Gujarat University in Ahmedabad after growing up in a small town in northern Gujarat.
Early in his 20s, he enlisted in the pro-Hindu Rashtriya Swayamsevak Sangh (RSS) and organized a local chapter of the Akhil Bharatiya Vidyarthi Parishad, the RSS’s student wing. Modi steadily ascended the RSS ladder, and his affiliation with the group greatly aided his eventual political career.
Entry in BJP
Modi entered the BJP in 1987, and one year later the Gujarat unit of the party appointed him as general secretary. He had a significant role in significantly increasing the party’s influence in the state during the ensuing years. He contributed to the BJP’s victory in the state legislative assembly elections of 1995, which enabled the party to establish India’s first-ever BJP-controlled government in March.
Modi was designated the BJP’s national organization’s secretary in 1995, and after three years he was made the organization’s general secretary. In October 2001, he succeeded Keshubhai Patel as governor of Gujarat. In a by-election held in February 2002, Modi ran in his first-ever election and won a seat in the Gujarat state assembly.
But Modi’s continued political success in Gujarat elevated him to a position of authority within the BJP hierarchy and paved the way for his re-entry into the political establishment. In the legislative assembly elections held in December 2002, the BJP achieved a substantial win under his direction. In both the 2007 and 2012 elections for state assemblies, BJP triumphed once more. Modi was selected as the BJP’s candidate for the 2014 Lok Sabha elections in June 2013.
Becoming Prime Minister
Modi and the party won the election after a spirited campaign in which he presented himself as a realistic contender who could revive India’s struggling economy. The BJP also won a resounding majority of seats in the lower house. On May 26, 2014, Modi was sworn in as PMO. Read on to know about Narendra Modi net worth.
In contrast to Rahul Gandhi and the Congress Party’s lackluster campaign, the BJP dominated the airwaves during the election season in 2018. As a result, the BJP was restored to power, and Modi became the first prime minister of India elected outside of the Congress Party after serving a complete term. Read further to know about Narendra Modi salary.
Modi is the third child to be born to Damodar Das Modi and Hiraben Modi. He hails from a family with limited wealth and humble beginnings. The house, which had only one story and was around 40 feet by 12 feet, was home to the entire family.
Modi combined his education, extracurricular activities, and free time to work at the family-owned tea stall as the family tried to make ends meet, Narendra Modi learned some hard lessons throughout his formative years. He left his home at the age of 17 and traveled throughout India.
He spent two years traveling and studying different cultures throughout India’s vast country. Modi was a different guy when he got home, with a clear goal as to what he intended to do in life. Read on to learn about Narendra Modi property.
Narendra Modi Net Worth
Narendra Modi Net Worth is Rs. 3.10 Crore. This also includes a residential plot in Gandhinagar, Gujarat, purchased in 2002, which is worth 1.1 Crores. This stands to be one of the most valuable Narendra Modi property. Now let us look at Narendra Modi salary.
Salary and Income
The Parliament sets and periodically adjusts Narendra Modi salary. The basic salary is around Rs 50,000, with a sumptuary allowance of Rs 3,000, a daily allowance of Rs 62,000, and an MP allowance of Rs 40,000. PM Modi also stated that his annual income is Rs 19.92 lakhs, with a monthly salary of Rs 1.6 lakh, the basic salary will be Rs 50,000, and MP allowances of Rs 40,000.
Property and Assets
According to prior records, he holds fixed deposits with an SBI of Rs. 1.27 crore. He has his bank accounts in Gujarat and doesn’t have any in Delhi, the nation’s capital. Investments made by Modi amount Rs. 20,000 in L & T Infra Bonds, Rs. 5.45 lakh in National Savings Certificates, and Rs. 1.99 lakhs in life insurance plans, bringing the total value of his moveable assets to Rs. 41.15 lakhs.
Narendra Modi assets does not include any business or agricultural property. There are no “motor vehicles, airplanes, yachts, etc” that Narendra Modi owns.
Residence of Modi
PM Modi currently lives in PM House. Modi’s house is the most prominent property in India. It is on 7 Lok Kalyan Marg, formerly 7 Racecourse Road. Panchavati is the full name of the Modi House, which is still off-limits to the general public. Rajiv Gandhi allegedly became the first prime minister to live at this residence in 1984.
The building of the new Prime Minister’s Residence Complex, one of the most significant and well-known elements of the Central Vista redevelopment project, in Blocks A and B on Dara Shikoh Road next to South Block in Delhi, has also been initiated by the Union government.
|Narendra Damodar Das Modi
|Rs. 3.10 Crores
|Rs 1.6 lakh
|Rs 19.92 lakhs
|Properties owned and their valuation
|Rs. 1.1 Crores
|Miscellaneous assets and their valuation
|Rs. 1.6 Crores
Contribution as Prime Minister
Prime Minister Narendra Modi has successfully ushered India into the twenty-first century with his campaign platform of “Seva, Sushasan, and Antyodaya,” which stands for service, excellent governance, and upliftment of the most vulnerable. One of the first things that Modi did as prime minister was to fundamentally alter the system and close all the gaps that rendered it ineffective, as opposed to criticizing the existing model and its inherent shortcomings.
The absence of world-class infrastructure was one of India’s main barriers to growth. Even though India had rapid growth in the 1990s and the 2000s, the pace of infrastructure growth was dismal. Highway construction climbed from barely 12 km per day in 2013–14, the last year the UPA administration was in office, to an estimated value of 27 km per day in 2017–18. Initiations like Sagarmala, Bharatmala, inland waterways, dry/land ports, etc. are only a few examples.
Also, the creation of the United Payments Interface (UPI), digital payments, Direct Benefit Transfer (DBT), seeding of Aadhaar data with bank accounts, and other initiatives in just 8 years have been nothing short of a financial miracle. Using the JAM trinity of Jan Dhan, Aadhaar, and Mobile technology, Modi changed how the government supplied services and made sure that individuals were empowered and included in the financial system. We hope you enjoyed learning about Narendra Modi salary and Narendra Modi assets.
Narendra Modi net worth is quite humble when compared to other politicians across the globe. But this does not change the fact that he remains one of the most popular politicians in the world with a huge approval rating and a major following on the social media platforms like Twitter, Instagram, and Facebook. While reading this article, it is important to note that public figures’ financial information may vary and is often subject to speculation and estimation by various sources.