READ THE TEXT THOROUGHLY AND EXPLAIN THEM : CHAPTER 3 HISTORY RULING THE COUNTRYSIDE PAGE NO. 28
The need to improve agriculture If the economy was in ruins, could the Company be certain of its revenue income? Most Company officials began to feel that investment in land had to be encouraged and agriculture had to be improved. How was this to be done? After two decades of debate on the question, the Company finally introduced the Permanent Settlement in 1793. By the terms of the settlement, the 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, that is, it was not tobe increased ever in future. It was felt that this
would ensure a regular flow of revenue into the
Company’s coffers and at the same time
encourage the zamindars to invest in improving
the land. Since the revenue demand of the state
would not be increased, the zamindar would
benefit from increased production from the land.
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