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2 Rupees Khadi Hundi promissory note
| Issuer | Khadi & Village Industries Commission |
|---|---|
| Year | 1955 |
| Type | Vouchers |
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|---|---|
| Obverse lettering | ISSUED WITH APPROVAL OF KHADI & VILLAGE INDUSTRIES COMMISSION. TWO RUPEES CHARKHA JAYANTI KHADI HUNDI HUNDI EXCHANGEABLE FOR KHADI AT CERTIFIED BHANDARS REDEEMABLE BY ISSUING INSTITUTION. VALID IF SIGNED FOR ONE YEAR FROM THE DATE OF ISSUE. DATE SIGNATURE OF ISSUING AUTHORITY ISSUED BY |
| 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.