Explain : what is Permanent Settlement?
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The Permanent Settlement, also known as the Permanent Settlement of Bengal, was an agreement between the East India Company and Bengali landlords to fix revenues to be raised from land that had far-reaching consequences for both agricultural methods and productivity in the entire British Empire and the political ...
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The Permanent Settlement was a land revenue system introduced in 1793 by East India Company. By the terms of this settlement, the rajas and taluqdars were recognised as zamindars. They were asked to collect rent from the peasants and pay revenue to the Company. ... Those who failed to pay the revenue lost their zamindari.
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