Question

give reasons why bankers and moneylenders become powerful on Bengal and Awadh

Answer 1

The state of Awadh depended on local bankers and mahcyans for loans. It sold the right to collect tax to the highest adversaries. The revenue farmers known as jaradars agreed to pay the state a fix sum of money. The payment of this contracted amount was promised by the local bankers to the state.

Answer 2

Answer:

The explanation is given as follows:

The bankers and moneylenders became powerful in Bengal and Awadh because the Zamindars took loan from the bankers and the moneylenders and kept their lancurity against the loan. Due to the increasing rate of revenue by th Mughal ruler the cultivators and the ijaradars also took loan form the bankers andoneylenders. If they were not able to pay the amount they took form the bankers and moneylenders on time then the bankers and moneylenders took their lands permanently. This gave rise to a rich and politically active class of revenue farmers, bankers and moneylenders.