The figure of Rs 35,000 in 1917 may appear modest by modern standards, but Vivek Ruthia argues that its present-day value would run into crores. The loan, worth Rs 35,000 in 1917, was reportedly given by Seth Jummalal Ruthia, a wealthy and influential businessman of Sehore and the Bhopal princely state, to the British government. The loan was named as a war loan, and despite the family's efforts, the money was never repaid. Seth Jummalal Ruthia died in 1937, nearly 20 years after the loan was extended, and the matter gradually slipped into obscurity. The Ruthia family legacyThe Ruthia family was among the most prominent and affluent in the Sehore and Bhopal princely states, known for their administrative influence and financial strength.

Source: dna February 27, 2026 04:13 UTC