After emerging victorious in the war against Pakistan in 1965, India faced threat from its other neighbor China. In that situation the then Prime Minister Lal Bahadur Shastri started collecting funds to combat any potential threat. He set up National Defence Fund for the purpose. The government of India appealed to Rajas to help in the difficult situation but they didn’t come up to the expectations.
Then Lal Bahadur Shastri headed for Hyderabad; he knew that Huzoor Nizam Mir Osman Ali Khan would not disappoint Indian government. The PM visited Hyderabad and requested the Nizam to contribute generously to the National Defence Fund. Without a second thought, Mir Osman Ali announced that he would contribute five tonnes of gold for National Defence Fund. The announcement left the people present their flabbergasted. But Asif Jah VII created a record by making biggest ever contribution by any individual or organisation in India that remains unsurpassed till today. In terms of today’s gold price this donation translates to a whopping Rs 1,500 to 1600 crore.