Sarkari Data
MinistriesCentral GovernmentApex: Union Cabinet of India

Ministry of Finance (FinMin)

The Ministry of Finance is an executive ministry of the Government of India concerned with the economy of India, serving as the central treasury department. It manages state finances, central taxes, financial institutions, capital markets, and national budget preparation.

Visit Official Portal
CategoryMinistries
JurisdictionCentral Government
Official Websitefinmin.nic.in

Permanent Role & Statutory Function

Apex union executive ministry responsible for federal economic policy, the central treasury, revenue mobilization, expenditure control, financial regulation, and preparation of the Annual Union Budget of India under the Allocation of Business Rules 1961.

Constitutional & Executive Responsibilities

1

Formulation and presentation of the Annual Union Budget of India in Parliament

2

Direct taxation administration through the Central Board of Direct Taxes (CBDT)

3

Indirect taxation, GST, and customs regulation via the Central Board of Indirect Taxes and Customs (CBIC)

4

Supervision of public sector banks, financial institutions, and insurance companies

5

Management of government expenditure, public debt, and financial fiscal relations with states

Major Organizations, Subordinate Bodies & Statutory Boards

Central Board of Direct Taxes (CBDT / Income Tax Department)
Central Board of Indirect Taxes and Customs (CBIC)
Department of Economic Affairs (DEA)
Department of Expenditure
Department of Financial Services (DFS)
Department of Investment and Public Asset Management (DIPAM)
Department of Public Enterprises (DPE)

Citizen Public Services Delivered

PAN Card issuance
Income Tax e-Filing
GST Registration
Sovereign Gold Bonds
Public Financial Management System (PFMS)

Related Identity & Citizen Documents

Permanent Account Number (PAN) CardPrimary financial and tax identification number used to track tax payments, file income tax returns (ITR), open bank accounts, buy/sell immovable property above specified thresholds, and invest in mutual funds and securities.
Browse All Government Documents & Certificates

Flagship Schemes & Initiatives

Pradhan Mantri Jan Dhan Yojana (PMJDY)National mission for comprehensive financial inclusion ensuring universal access to banking facilities with at least one basic banking account for every household.
Atal Pension Yojana (APY)A statutory defined-benefit pension scheme administered by PFRDA targeted predominantly at unorganized sector workers to provide old-age financial income security.
Pradhan Mantri MUDRA Yojana (PMMY)To provide institutional collateral-free micro-credit loans up to Rs. 20 Lakh to non-corporate, non-farm small and micro-enterprises for income generation and business expansion.
Pradhan Mantri Kisan Samman Nidhi (PM-KISAN)To supplement the financial needs of all landholding farmers' families in procuring agricultural inputs related to crop health, seeds, fertilizers, and domestic agrarian needs.
Ayushman Bharat — Pradhan Mantri Jan Arogya Yojana (PM-JAY)To provide universal cashless secondary and tertiary hospitalization cover to economically vulnerable families and universal coverage to all senior citizens aged 70 and above, eliminating catastrophic medical expenses.
Pradhan Mantri Awas Yojana (PMAY-Urban)To provide all-weather pucca houses with basic amenities (water, sanitation, electricity) to eligible urban households, addressing the housing deficit among lower income strata.
Pradhan Mantri Matru Vandana Yojana (PMMVY)A conditional direct cash transfer maternity benefit scheme compensating for wage loss during pregnancy and childbearing while promoting health-seeking behaviour.
PM Jan Dhan Yojana
Pradhan Mantri Mudra Yojana
Browse All Government Schemes & Welfare Programs

More in Ministries & Related Institutions

Ministries

Ministry of Home Affairs (MHA)

View Profile →Ministries

Ministry of External Affairs (MEA)

View Profile →Ministries

Ministry of Defence (MoD)

View Profile →Ministries

Ministry of Road Transport and Highways (MoRTH)

View Profile →