Babasaheb Ambedkar was honored with ₹1,18,000 by the Scheduled Caste Federation at Purandare Park, Dadar, in Bombay.

On 29 October 1954, Dr. R. D. Bhandare, president of the Bombay Pradesh Scheduled Caste Federation, presented the purse on behalf of the federation.

The presentation took place during a public meeting at Purandare Park in Dadar, Bombay.