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2 Rupees Khadi Hundi promissory note
| Issuer | Khadi & Village Industries Commission |
|---|---|
| Year | 1955 |
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| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Turbaned male figure at left stands before a loom vignette within an arched guilloche border; at centre, a seated Indian woman operates a charkha spinning wheel within a circular underprint. Denomination numeral '2' appears at upper corners. Lower margin carries the redemption clause in letterpress. |
|---|---|
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| Reverse description | Central panel carries a Hindi text inscription with a serial number printed in black below; a spinning machine vignette occupies the right side within a guilloche border frame. |
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| Comments |
The Khadi & Village Industries Commission, established under an Act of Parliament in 1956, actually predates its own statutory footing with this 1955 hundi — issued under the earlier All India Khadi and Village Industries Board, the transitional body it replaced. A hundi is a traditional South Asian instrument of credit with roots stretching back centuries before colonial banking formalized such transactions; the KVIC's use of the format was a deliberate ideological choice, tying Gandhian economic self-sufficiency to indigenous financial instruments rather than Western-style banknotes.
These were redeemable against khadi cloth purchases, not general currency. Surviving examples are uncommon; most were exchanged and destroyed through normal redemption.