Golden Jubilee Of National Savings Organisation – Kisan Vikas Patra (Se-Tenant)

National Savings Organisation

Technical Data

Stamp Set 50th Anniversary of National Savings Organization Golden Jubliees
Date of Issue June 30, 1998
Denomination Rs. 11
Quantity 700000
Perforation comb 13½ x 13
Printer Security Printing Press, Nashik
Watermark No Watermark
Colors Multicolor
Catalog Codes

Michel IN 1632-1633

Stamp Number IN 1694a

Yvert et Tellier IN 1398-1399

Stanley Gibbons IN 1796a

Themes

Commemorative Stamp: Golden Jubilee of National Savings Organisation

Design Elements:

  1. Main Theme: “Collective Thrift in the March of the Nation”
    • Image: A symbolic depiction of people from different walks of life contributing to a common pool, representing collective savings. A rising graph or arrow could symbolize growth and national development.
    • Significance: Highlights the collective effort of millions of small savers in building the nation.
  2. Honey-Bee Symbol:
    • Image: A honey-bee logo symbolizing the National Savings Organisation’s attributes of untiring effort, safety, security, and good returns in small savings activities.
    • Significance: Reflects the diligent and consistent efforts of the NSO in promoting savings across the country.
  3. Historical Background:
    • Image: A backdrop showing the evolution of savings movement in India, with key milestones such as the establishment of the first Savings Bank in Calcutta in 1834, the Government Savings Bank Act of 1873, and the formation of the National Savings Organisation in 1948.
    • Significance: Pays tribute to the long history of institutional support for savings in India and the role of the NSO in shaping it.
  4. People Participation:
    • Image: A crowd of diverse individuals, from farmers to urban workers, contributing to a large pot or fund, representing the broad base of small savers.
    • Significance: Emphasizes the role of ordinary citizens in the success of the savings movement and national development.

Stamp Description:

Golden Jubilee of National Savings Organisation:

  • Established: June 1948
  • Commemoration Year: 1998 (50 years of successful operation)
  • Significance: The stamp celebrates the vital role of the National Savings Organisation in fostering a savings culture in India, contributing to national development, and empowering millions of small savers.

National Savings Organisation (NSO):

  • Role: Instrumental in mobilizing domestic savings through various schemes like small savings and PPF, and utilizing these funds for national development projects.
  • Historical Impact: From a modest collection of Rs. 243 crores in the First Five Year Plan to approximately Rs. 50,000 crores in the Eighth Five Year Plan, NSO’s growth signifies the increasing participation of citizens in nation-building efforts.
  • Pandit Nehru’s Vision: The stamp echoes Nehru’s belief in the importance of savings for the success of India’s development plans and the involvement of every citizen in this collective effort.

Legacy:

The National Savings Organisation has played a pivotal role in promoting thrift and securing funds for India’s development. The stamp serves as a reminder of the importance of collective savings and the role of every citizen in building a prosperous nation.

Usage:

This stamp is ideal for philatelists, historians, and those interested in India’s economic history. It honors the NSO’s contribution to India’s development and the success of the savings movement over the past five decades.

Significance:

The stamp pays tribute to the National Savings Organisation’s Golden Jubilee, celebrating its success in mobilizing savings and contributing to national development. It symbolizes the importance of collective thrift in the progress of the nation.