2 kg silver, a scooter…: How much wealth does Sitharaman, who refused to contest elections saying she had no money, have?

Nirmala Sitharaman Net Worth: Union Finance Minister Nirmala Sitharaman has rejected BJP's proposal to contest the Lok Sabha elections. Explaining the reason behind this, he said that he did not have the 'required funds' to contest the Lok Sabha elections. BJP President JP Nadda gave him the option to contest elections from Andhra Pradesh or Tamil Nadu.

Why no funds… reason given

Nirmala Sitharaman said, “I am very grateful that the BJP leadership has accepted my application…that is why I am not contesting the elections.” When he was asked why the Finance Minister of the country does not have enough funds to contest the elections? So he said that the Consolidated Fund of India is not his personal fund. My salary, my earnings and my savings are mine, the Consolidated Fund of India is not mine.

How much property does Nirmala Sitharaman have?

Nirmala Sitharaman cited 'necessary funds' as the reason for not contesting the elections. Now it will become important to know how much property the Finance Minister of the country has. According to Myneta website, the total assets of Nirmala Sitharaman are Rs 2 crore 50 lakh 99 thousand and Rs 396. He owns both movable and immovable property. Nirmala Sitharaman has 315 grams of gold and also 2 kg of silver. Apart from this, he also has a loan of Rs 30 lakh.

The Finance Minister does not have any car. Although it has Bajaj Chetak scooter in its name. Which costs Rs. Is 28,200. Apart from this, he also has barren land near Hyderabad worth about Rs 16 lakh.

The value of his immovable property is Rs. Is 1,87,60,200. There is also a loan of Rs 30 lakh in Sitharaman's name. In his election affidavit for Rajya Sabha, he said that he had Rs 17,200 in cash. Apart from this, information of Rs 45,04,479 was given as bank FD.

How much can a candidate spend on elections?

According to the Election Commission, the expenditure of candidates in Lok Sabha and Assembly elections is different. Candidates in Lok Sabha elections have to pay Rs. Can spend up to Rs 95 lakh. Earlier it was Rs. 70 lakhs. Which was extended to the year 2022. Also, the expenditure limit for state assembly elections is Rs. 28 lakh to Rs. It was made for Rs 40 lakh.