Minister of Finance Vitta Mantrī
Emblem of India
Flag of India
Incumbent Nirmala Sitharaman since 31 May 2019
Ministry of Finance
Style	The Honourable
Abbreviation	FM
Member of	Cabinet Cabinet Committee on Security
Appointer	President on the advice of the Prime Minister
Inaugural holder	R. K. Shanmukham Chetty
Formation	15 August 1947

The Minister of Finance (Vitta Mantrī ) (or simply, the Finance Minister, short form FM) is the head of the Ministry of Finance of the Government of India. One of the senior most offices of the Union Cabinet, the finance minister is responsible for the fiscal policy of the government. A key duty of the Finance Minister is to present the annual Union Budget in Parliament, detailing the government's plan for taxation and spending in the coming financial year. Through the Budget, the finance minister also outlines allocations to all the ministries and departments. The Minister is assisted by the Minister of State for Finance and the junior Deputy Minister of Finance.

There have been a number of Ministers of Finance that went on to become the Prime Minister; Morarji Desai, Charan Singh, Vishwanath Pratap Singh and Manmohan Singh and also to serve as the President; R.Venkataraman and Pranab Mukherjee. Several Prime Ministers have also gone on to hold the position of Minister of Finance.

The current Finance Minister of India is Nirmala Sitharaman.

Cabinet Ministers

No.	Portrait	Minister (Birth-Death) Constituency	Term of office			Political party	Ministry	Prime Minister
			From	To	Period
1		R. K. Shanmukham Chetty (1892–1953) Unelected	15 August 1947	17 August 1948	1 year, 2 days	Indian National Congress	Nehru I	Jawaharlal Nehru
–		Jawaharlal Nehru (1889–1964) MP for United Provinces (Prime Minister)	17 August 1948	22 September 1948	36 days
2		John Matthai (1886–1959) MP for United Provinces	22 September 1948	1 June 1950	1 year, 252 days
3		C. D. Deshmukh (1896–1982) MP for Kolaba	1 June 1950	15 April 1952	6 years, 53 days
			15 April 1952	24 July 1956			Nehru II
–		Jawaharlal Nehru (1889–1964) MP for Phulpur (Prime Minister)	24 July 1956	30 August 1956	37 days
4		T. T. Krishnamachari (1899–1974) MP for Madras South	30 August 1956	4 April 1957	217 days
			4 April 1957	13 February 1958			Nehru III
5		Morarji Desai (1896–1995) MP for Surat	13 February 1958	2 April 1962	5 years, 199 days
			2 April 1962	31 August 1963			Nehru IV
(4)		T. T. Krishnamachari (1899–1974) MP for Tiruchendur	31 August 1963	27 May 1964	2 years, 122 days
			27 May 1964	9 June 1964			Nanda I	Gulzarilal Nanda (acting)
			9 June 1964	31 December 1965			Shastri	Lal Bahadur Shastri
6		Sachindra Chaudhuri (1903–1992) MP for Ghatal	1 January 1966	11 January 1966	1 year, 70 days
			11 January 1966	24 January 1966			Nanda II	Gulzarilal Nanda (Acting)
			24 January 1966	12 March 1967			Indira I	Indira Gandhi
(5)		Morarji Desai (1896–1995) MP for Surat (Deputy Prime Minister)	13 March 1967	16 July 1969	2 years, 125 days
–		Indira Gandhi (1917–1984) MP for Rae Bareli (Prime Minister)	16 July 1969	27 June 1970	346 days
7		Yashwantrao Chavan (1913–1984) MP for Satara	27 June 1970	15 March 1971	4 years, 105 days
			15 March 1971	10 October 1974			Indira II
8		Chidambaram Subramaniam (1910–2000) MP for Palani	10 October 1974	24 March 1977	2 years, 165 days
–		Morarji Desai (1896–1995) MP for Surat (Prime Minister)	24 March 1977	26 March 1977	2 days	Janata Party	Desai	Morarji Desai
9		Hirubhai M. Patel (1904–1993) MP for Sabarkantha	26 March 1977	24 January 1979	1 year, 304 days
10		Charan Singh (1902–1987) MP for Baghpat (Deputy Prime Minister)	24 January 1979	16 July 1979	173 days
–		Morarji Desai (1896–1995) MP for Surat (Prime Minister)	16 July 1979	28 July 1979	12 days
11		Hemwati Nandan Bahuguna (1919–1989) MP for Lucknow	28 July 1979	19 October 1979	83 days	Janata Party (Secular)	Charan Singh	Charan Singh
–		Charan Singh (1902–1987) MP for Baghpat (Prime Minister)	19 October 1979	14 January 1980	87 days
12		Ramaswamy Venkataraman (1910–2009) MP for Madras South	14 January 1980	15 January 1982	2 years, 1 day	Indian National Congress	Indira III	Indira Gandhi
13		Pranab Mukherjee (1935–2020) MP for Gujarat (Rajya Sabha)	15 January 1982	31 October 1984	2 years, 351 days
			31 October 1984	31 December 1984			Rajiv	Rajiv Gandhi
14		V. P. Singh (1931–2008) MP for Uttar Pradesh (Rajya Sabha)	31 December 1984	24 January 1987	2 years, 24 days
–		Rajiv Gandhi (1944–1991) MP for Amethi (Prime Minister)	24 January 1987	25 July 1987	182 days
15		N. D. Tiwari (1925–2018) MP for Uttar Pradesh (Rajya Sabha)	25 July 1987	25 June 1988	336 days
16		Shankarrao Chavan (1920–2004) MP for Nanded	25 June 1988	2 December 1989	1 year, 160 days
–		V. P. Singh (1931–2008) MP for Fatehpur (Prime Minister)	2 December 1989	5 December 1989	3 days	Janata Dal	V. P. Singh	V. P. Singh
17		Madhu Dandavate (1924–2005) MP for Rajapur	6 December 1989	10 November 1990	339 days
–		Chandra Shekhar (1927–2007) MP for Ballia (Prime Minister)	10 November 1990	21 November 1990	11 days	Samajwadi Janata Party (Rashtriya)	Chandra Shekhar	Chandra Shekhar
18		Yashwant Sinha (born 1937) MP for Bihar (Rajya Sabha)	21 November 1990	21 June 1991	212 days
19		Manmohan Singh (born 1932) MP for Assam (Rajya Sabha)	21 June 1991	16 May 1996	4 years, 330 days	Indian National Congress	Rao	P. V. Narasimha Rao
20		Jaswant Singh (1938–2020) MP for Chittorgarh	16 May 1996	1 June 1996	16 days	Bharatiya Janata Party	Vajpayee I	Atal Bihari Vajpayee
21		P. Chidambaram (born 1945) MP for Sivaganga	1 June 1996	21 April 1997	324 days	Tamil Maanila Congress	Deve Gowda	H. D. Deve Gowda
–		Inder Kumar Gujral (1919–2012) MP for Bihar (Rajya Sabha) (Prime Minister)	21 April 1997	1 May 1997	10 days	Janata Dal	Gujral	Inder Kumar Gujral
(21)		P. Chidambaram (born 1945) MP for Sivaganga	1 May 1997	19 March 1998	322 days	Tamil Maanila Congress
(18)		Yashwant Sinha (born 1937) MP for Hazaribagh	19 March 1998	13 October 1999	4 years, 104 days	Bharatiya Janata Party	Vajpayee II	Atal Bihari Vajpayee
			13 October 1999	1 July 2002			Vajpayee III
(20)		Jaswant Singh (1938–2020) MP for Rajasthan (Rajya Sabha)	1 July 2002	22 May 2004	1 year, 326 days
(21)		P. Chidambaram (born 1945) MP for Sivaganga	23 May 2004	30 November 2008	4 years, 191 days	Indian National Congress	Manmohan I	Manmohan Singh
–		Manmohan Singh (born 1932) MP for Assam (Rajya Sabha) (Prime Minister)	30 November 2008	24 January 2009	55 days
(13)		Pranab Mukherjee (1935–2020) MP for Jangipur	24 January 2009	22 May 2009	3 years, 154 days
			23 May 2009	26 June 2012			Manmohan II
–		Manmohan Singh (born 1932) MP for Assam (Rajya Sabha) (Prime Minister)	26 June 2012	31 July 2012	35 days
(21)		P. Chidambaram (born 1945) MP for Sivaganga	31 July 2012	26 May 2014	1 year, 299 days
22		Arun Jaitley (1952–2019) MP for Gujarat, till 2018 (Rajya Sabha) MP for Uttar Pradesh, from 2018 (Rajya Sabha)	27 May 2014	14 May 2018	3 years, 352 days	Bharatiya Janata Party	Modi I	Narendra Modi
–		Piyush Goyal (born 1964) MP for Maharashtra (Rajya Sabha)	14 May 2018	23 August 2018	101 days
(22)		Arun Jaitley (1952–2019) MP for Uttar Pradesh (Rajya Sabha)	23 August 2018	23 January 2019	153 days
–		Piyush Goyal (born 1964) MP for Maharashtra (Rajya Sabha)	23 January 2019	15 February 2019	23 days
(22)		Arun Jaitley (1952–2019) MP for Uttar Pradesh (Rajya Sabha)	15 February 2019	30 May 2019	104 days
23		Nirmala Sitharaman (born 1959) MP for Karnataka (Rajya Sabha)	31 May 2019	Incumbent	4 years, 230 days		Modi II

Ministers of State

Portrait		Minister (Birth-Death) Constituency	Term of office			Political party	Ministry	Prime Minister
			From	To	Period
		S. M. Krishna (born 1932) MP for Mandya	February 1984	31 October 1984		Indian National Congress	Indira III	Indira Gandhi
			31 October 1984	31 December 1984			Rajiv	Rajiv Gandhi
		R. K. Kumar (1942–1999) MP for Tamil Nadu (Rajya Sabha)	20 March 1998	22 May 1998	63 days	All India Anna Dravida Munnetra Kazhagam	Vajpayee II	Atal Bihari Vajpayee
		Kadambur R. Janarthanan (1929–2020) MP for Tirunelveli	22 May 1998	8 April 1999	321 days
		V. Dhananjay Kumar (1951–2019) MP for Mangalore	13 October 1999	30 September 2000	353 days	Bharatiya Janata Party	Vajpayee III
		Balasaheb Vikhe Patil (1932–2016) MP for Kopargaon		1 July 2002	2 years, 261 days	Shiv Sena
		Gingee N. Ramachandran (born 1944) MP for Tindivanam	30 September 2000	24 May 2003	2 years, 236 days	Marumalarchi Dravida Munnetra Kazhagam
		Anant Geete (born 1951) MP for Ratnagiri	1 July 2002	26 August 2002	56 days	Shiv Sena
		Anandrao Vithoba Adsul (born 1947) MP for Buldhana	26 August 2002	22 May 2004	1 year, 270 days
		Shripad Naik (born 1952) MP for Panaji	8 September 2003		257 days	Bharatiya Janata Party
		S. S. Palanimanickam (born 1950) MP for Thanjavur	25 May 2004	22 May 2009	4 years, 362 days	Dravida Munnetra Kazhagam	Manmohan I	Manmohan Singh
		Pawan Kumar Bansal (born 1948) MP for Chandigarh	29 January 2006		3 years, 113 days	Indian National Congress
		S. S. Palanimanickam (born 1950) MP for Thanjavur	28 May 2009	21 March 2013	3 years, 297 days	Dravida Munnetra Kazhagam	Manmohan II
		Namo Narain Meena (born 1943) MP for Tonk–Sawai Madhopur		26 May 2014	4 years, 363 days	Indian National Congress
		Jesudasu Seelam (born 1953) MP for Andhra Pradesh (Rajya Sabha)	17 June 2013		343 days
		Nirmala Sitharaman (born 1959) MP for Andhra Pradesh (Rajya Sabha)	26 May 2014	9 November 2014	167 days	Bharatiya Janata Party	Modi I	Narendra Modi
		Jayant Sinha (born 1963) MP for Hazaribagh	9 November 2014	5 July 2016	1 year, 239 days
		Santosh Kumar Gangwar (born 1948) MP for Bareilly	5 July 2016	3 September 2017	1 year, 60 days
		Arjun Ram Meghwal (born 1953) MP for Bikaner
		Pon Radhakrishnan (born 1952) MP for Kanniyakumari	3 September 2017	30 May 2017	1 year, 269 days
		Shiv Pratap Shukla (born 1952) MP for Uttar Pradesh (Rajya Sabha)
		Anurag Singh Thakur (born 1974) MP for Hamirpur	31 May 2019	7 July 2021	2 years, 37 days		Modi II
		Pankaj Chaudhary (born 1964) MP for Maharajganj	7 July 2021	Incumbent	2 years, 193 days
		Bhagwat Karad (born 1956) MP for Maharashtra (Rajya Sabha)

Department of Finance (State Ministers)

Department of Revenue (State Ministers)

Department of State Excise (State Ministers)

References

External links

• Finance Ministry, Official website