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2 Rupees Khadi Hundi promissory note
| Issuer | Khadi & Village Industries Commission |
|---|---|
| Year | |
| Type | Vouchers |
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| Obverse description | Blue letterpress on white paper with ornate guilloche border. Central vignette shows a woman operating a charkha (spinning wheel), flanked left by a second vignette of a figure working a loom in a field. Right panel contains a circular Khadi & Village Industries Commission seal in green underprint, with blanks for issuer name, date, and signature of issuing authority. |
|---|---|
| Obverse lettering | ISSUED WITH APPROVAL OF KHADI & VILLAGE INDUSTRIES COMMISSION TWO RUPEES CHARKHA JAYANTI KHADI HUNDI EXCHANGEABLE FOR KHADI BY ISSUING INSTITUTION. REDEEMABLE BY ISSUING INSTITUTION. VALID IF SIGNED FOR ONE YEAR FROM THE DATE OF ISSUE. DATE SIGNATURE OF ISSUING AUTHORITY. ISSUED BY |
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| Comments |
The Khadi & Village Industries Commission, a statutory body established under a 1956 Act of Parliament, issued these hundi-style promissory notes as internal vouchers to facilitate transactions within the khadi trade network — not as currency in any legal sense. They circulated among approved khadi producers, traders, and retail outlets as a kind of quasi-monetary instrument tied specifically to the commission's supply chain, bypassing conventional banking in rural areas where khadi weavers had little access to formal credit.
The use of the hundi form — a traditional South Asian negotiable instrument predating British commercial law — was a deliberate nod to Gandhian economic philosophy, which the commission was explicitly created to promote.