PM Modi Salary and Allowance Per Month: how much? ever wondered? no problem we will explore this today. PM Modi are entitled to many allowances; we will share most of them with you in details below. Keep on reading and see what PM Modi gets on Month-on-Month basis.
PM Modi Salary and Allowance
! Also Read: Modi Guarantee Mission – Developed Country Bharat by 2040
PM Modi Salary and Allowance Per Month: Background
Narendra Modi, the 14th Prime Minister of India, has had a remarkable journey marked by resilience and political acumen. Born on September 17, 1950, in Vadnagar, a small town in Gujarat, Modi’s early life was characterized by modest means. Raised in a humble family, he worked at his father’s tea stall and helped his family financially.
Despite facing economic challenges, Modi demonstrated a keen interest in politics from an early age. His entry into the Rashtriya Swayamsevak Sangh (RSS) during his teenage years marked the beginning of his political journey. Modi pursued a Master’s degree in political science from the University of Gujarat, indicating an early interest in the subject that would shape his future.
Modi’s tenure as the Chief Minister of Gujarat from 2001 to 2014 showcased his governance skills. During this period, the state witnessed significant economic development, infrastructure growth, and initiatives to improve education and healthcare. However, the chief ministership was not without controversy, notably the 2002 Gujarat riots that drew both national and international attention.
In 2014, Narendra Modi ascended to the position of the Prime Minister of India after a resounding electoral victory. His leadership has been marked by initiatives such as ‘Make in India,’ ‘Swachh Bharat Abhiyan,’ and ‘Goods and Services Tax’ (GST). Modi’s policies and governance style have sparked debates, but there is no denying the impact he has had on Indian politics and the nation’s development trajectory. Narendra Modi was elected again in 2019 election and became PM again; he is expected to Win in 2024 as well.
PM Modi Salary and Allowance Per Month: In Detail
| Name | Amount | Additional Details |
|---|---|---|
| Salary | 200,000 | |
| Parliamentary Allowance | 45,000 | |
| House Attendance Fees | 24000 | |
| Constituency Allowance | 70,000 | |
| Secretarial Allowance | 60,000 | |
| Travel Allowance | 320 | Each Road trip in delhi |
| Conveyance Allowance | 400,000 | |
| Pension Benefit | ~ | Member & Family of ex-member |
| Free Rail Travel | ~ | AC-II Tier / AC-I |
| Medical Facilities | ~ | Free under CGHS |
| Accommodation | ~ | Include Water, Electricity, furniture, sofa, |
PM Modi Salary and Allowance Per Month: Detailed View
As per MyNeta.info, PM Modi assets are valued at 2,00,13,403 Approx 2 Crore (2017) and This has grown 15 % as compared to 2016. It was close to 1.73 Crore in 2016. PM has no liabilities. As per website current Assest of PM is 2,51, 36,119 which is Approx 2.51 Crore. The Prime Minister holds no financial liabilities and does not possess a car. His assets include four gold rings, and he employs National Savings Certificates amounting to Rs 8,43,124 as a tax-saving measure. Additionally, he has paid a life insurance premium of Rs 1,50,957.
| Name | Value |
|---|---|
| Cash | 38,750 |
| FDs in Banks, Financial Institutions and NBFC | 1,27,85,717 |
| Bonds, Debentures Shares | 20,000 |
| NSS, Postal Savings | 7,61,466 |
| LIC | 1,90,347 |
| Loans | NIL |
| Vehicle | NIL |
| Jewelries | 1,13,800 |
| Other Assets | 2,26,040 |
| Residential Building | 1,10,00,000 |
Also Read: Exploring Top 11 New Year Destination for best fireworks shows?
PM Modi Salary and Allowance Per Month: Public Disclosure
The Atal Bihari Vajpayee government introduced the public disclosure of assets and liabilities for the union council of ministers in 2004, aiming to enhance transparency in public life. Members of Parliament are also obligated to annually declare their family income and submit an affidavit detailing their assets and liabilities when filing election nomination forms. Following the enactment of the Lokpal and Lokayuktas Act, 2013, commonly referred to as the Lokpal Act, all public servants are mandated to disclose their annual income.
! Also Read: Ayush Sharma, Discovering the Inspiring Journey of 5 Years
PM Modi Salary and Allowance Per Month: Conclusion
There is minimal alteration in the Prime Minister’s non-moveable assets, with a plot and house in Gandhinagar, collectively valued at Rs 1.1 crore, being listed. The ownership of this property is shared among the Prime Minister and his family. The Prime Minister possesses no financial obligations and does not own a vehicle. His possessions include four gold rings, and he utilizes National Savings Certificates as a means of tax-saving.
1 thought on “PM Modi Salary And Allowance Per Month – 2024”