Nizam, the ex-king of Hyderabad, donated 5 tons of gold, worth 1500 crore today,for Indian army during India China war
Mir Osman Ali Khan, Nizam VII, may have delayed his decision on merging Hyderabad State with the Indian Union after Britain left the country in August 1947, but he created a record when he responded to the call of Prime Minister Lal Bahadur Shastri in 1965. The PM visited Hyderabad and requested the Nizam to contribute generously to the National Defence Fund, set up in the wake of the Indo-Chinese skirmish. Without a second thought, Mir Osman Ali announced that he would contribute five tonnes of gold to augment the war fund. In monetary terms, the Nizam’s contribution was about Rs 75 lakh, or about three-fourth of the annual Privy Purse he received from the Centre. In terms of today’s gold price in the international market, this donation translates to a whopping Rs 1,500 crore.
The Nizam’s donation of 5,000 kg of gold to the National Defence Fund in 1965 was the biggest ever contribution by any individual or organisation in India and remains unsurpassed till today.