As the diwan of Bengal the company became the chief......... Administrator of the territory.
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1. Introduction
What will I learn in this lesson?
2. Comics
A story of ruling the countryside
3. Key Concepts
The Company Becomes the Diwan
Crops for Europe
The Blue Rebellion and After
4. Quiz
Quiz
5. Did You Know?
Dateline
Some Facts
Classroom Activities
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Ruling the Countryside
Our Pasts - III
The Company Becomes the Diwan
On 12 August 1765, Robert Clive, on behalf of East India Company, accepted the Diwani of Bengal from the then Mughal ruler.
The Company became the chief financial administrator of the territory under its control, and so the company had to think and plan the organisation of Bengal in a such a way that it could earn maximum profit out of the territory, profits that could be used to finance their businesses and wars.
As a foreign power, the Company realised that it needed to manage the local rulers in India's villages, because they were respected by the locals and removing them might anger the common people.
Revenue for the Company
Although the Company had become the ruler of Bengal, it continued to work like a trader and did not set up any regular system of assessment and collection. So by 1770, within 5 years of it become the ruler of Bengal, the prices of goods bought by the Company doubled.