describe the main features of the permanent settlement ?
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- In order to get a stable revenue income, most of the East India Company’s officials believed that investment in land had to be encouraged and agriculture had to be improved.
- Debates on how this was to be done led to the introduction of the Permanent Settlement in 1793.
- The aim of this settlement was to ensure a regular flow of revenue for the Company.
- As per the settlement, rajas and taluqdars were recognised as zamindars.
- They were asked to collect rent from the peasants and pay revenue to the Company.
- The amount to be paid was fixed permanently and it was not to be increased ever in the future.
- The Company believed that as the revenue amount was fixed, the zamindars would benefit by investing in land improvement, which would in turn lead to increased production.
- If the zamindars failed to pay the revenue, which they usually did as the fixed revenue was very high, they lost their zamindari.
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