Commercialization of Agriculture
Permanent Settlement
- Lord Cornwallis introduced the Permanent Land Revenue Settlement of Bengal, which was extended to the provinces of Bihar and Orissa.
- 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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