Commercialization of Agriculture

Permanent Settlement

  1. Lord Cornwallis introduced the Permanent Land Revenue Settlement of Bengal, which was extended to the provinces of Bihar and Orissa.
  2. Under Permanent Settlement, annual lease system was abolished, and a decennial (Ten years) system was introduced. Following were the features of permanent settlement –
    • The zamindars of Bengal were recognised as the owners of land as long as they paid the revenue to the East India Company regularly.
    • The amount of revenue that the zamindars had to pay to the Company was firmly fixed, and would not be raised under any circumstances.
    • The ryots became tenants since they were ....

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History of India and The World