Nirmala Sitharaman

निर्मला सीतारमण

Finance & Corporate Affairs

BJP Lakshadweep

Career

Finance Minister since 2019; Defence Minister 2017–19

Role

Finance & Corporate Affairs

Current Role

Since Jun 2019 · Present

Born

1959 · Age 67

Education

MA + MPhil (Economics), JNU, New Delhi

Terms in Office

Finance Minister since 2019; Defence Minister 2017–19

About

Indian economist and politician (born 1959) Nirmala Sitharaman is an Indian economist and politician who is serving as the minister of finance and corporate affairs since 2019. Prior to that, she served as the defence minister. A member of the Bharatiya Janata Party (BJP), she was elected as a member of the Rajya Sabha, the upper house of the Indian Parliament, from Karnataka in July 2016..

Projects & Initiatives 4 ongoing

7 Union Budgets (2019–2026)

केंद्रीय बजट

Ongoing

Since 2019 · Presented 7 consecutive Union Budgets — the most by any Finance Minister after Morarji Desai. Key themes: infrastructure push (₹11.11 lakh crore capex in 2024–25), tax rationalisation, MSME support, and fiscal consolidation from 9.2% deficit (COVID) to 5.1% (2024–25).

PLI Schemes Across 14 Sectors

उत्पादन से जुड़ी प्रोत्साहन

Ongoing

Budget₹1,97,000 crore total approved outlay (14 sectors)

ReachGovt. reported: production worth ₹8.6 lakh crore; 7.5 lakh+ direct jobs created across sectors.

Since 2021 · Production Linked Incentive schemes providing output-based financial incentives to manufacturers in mobile phones, APIs, medical devices, automobiles, textiles, white goods, food processing, and others.

Sovereign Green Bonds

Ongoing

Budget₹32,000 crore issued in FY 2022–23; further tranches planned

Since 2022 · First issuance of Sovereign Green Bonds by Government of India to fund green infrastructure — renewable energy, clean transport, and sustainable water management.

IBC / Insolvency Reform Outcomes

दिवाला संहिता

Ongoing

ReachGovt. reported: ₹3.16 lakh crore realised by creditors under IBC (2016–2024); 31,000+ cases resolved or in process.

Since 2016 · Insolvency and Bankruptcy Code strengthened with amendments; India's NPAs declined significantly as banks used IBC for large corporate resolutions.

Parliament Record

View on PRS India ↗ View ECI Affidavit ↗

Full profile on Wikipedia ↗