when did the permenant sttlement intorduced
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Finally, after prolonged discussion and debate, the Permanent Settlement was introduced in Bengal and Bihar in 1793 by Lord Cornwallis.
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1793 by the East India Company.
Explanation:
- The Permanent Settlement was introduced in Bengal by Lord Cornwallis.
- Lord Cornwallis introduced Permanent Settlement with the hope that the rule and private property rights would free individual enterprises.
- Under this settlement, landlords invest money in improving the land, as with the state demand was fixed, increase production and enhanced income would accrue to them.
- The Company would get its taxes regularly, which was fix in perpetuity with a high level.
Learn More:
what is a permanant settlement? describe the main features of permanant settlement. what are the drawbacks of permanant settlements.
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