Narendra Singh Tomar have two sons and a daughter. He was nicknamed as "Munna Bhaiya" by Babulal Gaur. He has taken over as Union Minister (Cabinet rank) of Steel, Mines, Labour and Employment on 27 May 2014 in the cabinet headed by Narendra Modi, Prime Minister. He was administered the oath of office and sworn in as Union Minister on 26 May 2014 by Pranab Mukherjee, the President of India. On 5 July 2016, during the second cabinet reshuffle of the Narendra Modi ministry, Chaudhary Birender Singh replaced Narendra Singh Tomar as the Steel Minister and Narendra Singh Tomar replaced Chaudhary Birender Singh
Premiership of Narendra Modi budget was moved from 28 February to 1 February and financial cycle was changed from July to April. Further, the artificial distinction between planned and non-planned expenditure was removed. Foreign Investment Promotion Board (FIPB), considered as a hurdle in FDI, was scrapped by Modi government. Modi government put in place the Goods and Services Tax, the biggest tax reform in the country since independence. It subsumed around 17 different taxes and became effective from 1 July 2017. Modi launched Pradhan Mantri Jan Dhan Yojana (PMJDY) in August 2014. The initiative aimed to create bank accounts and debit cards for 150