Permanent Settlement
The Permanent Settlement referred to a contract that was conducted between the British East India Company and the landlords of Bengal also referred to as zamindars. Other two important land settlements included the Ryotwari system and the Mahalwari system.
Permanent settlement was enacted in order for a stable revenue and income, as they believed investment in lands should be encouraged and agriculture needed to be improved. Debates on how it would be done led to the introduction of a system of Permanent settlement in the year 1793. The amount to be paid as rent was fixed permanently and was not to be increased in the future. If there was a failure in the payment of rent it would lead to loss of zamindari.
Permanent Settlement- Meaning, Features and Impact
The Permanent Settlement in Bengal was brought up with the effect of the East India Company, which was headed by Lord Cornwallis in 1793, who was the then Governor-General. It was an agreement that was signed between the company and also zamindar for the fixation of land revenue. It was first enacted in Bengal, Bihar, and Odisha, and was later followed by the northern Madras Presidency and also a district of Varanasi.
Permanent Settlement
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