Chicago-based Indrajit J Patel, the man behind this initiative, has deployed a novel idea to help reach the target through selling silver coins with Prime Minister Narendra Modi's face on it.
"We want to create funds and the awareness for the 'Statue of Unity'. We have made coins from one kilogram of silver and we are selling those to raise funds," Patel told PTI on the sidelines of the Pravasi Bharatiya Divas event.
"Anyone who wants to participate in this campaign will have to donate one kilogram of silver to us and we will give him 50 coins. He can then sell those coins and give us the money, which will be used towards building the 'Statue of Unity'," he added.
Patel said he aims to raise USD 250,000 for the Prime Minister's pet project through the sale of silver coins.
The 'Statue of Unity' project was floated by Modi on October 31, 2013, the birth anniversary of Sardar Patel, India's first home minister who was instrumental in getting all the princely states to join the Indian Union post Independence.
The 'State of Unity' would be double the size of New York's 'State of Liberty' (93 metres).
It can be noted that a similar people's funding campaign was crucial in erecting the Vivekananda Rock Memorial in Kanyakumari many years ago.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
