Impact of Permanent Settlement
The impact of permanent settlement on farmers was that they viewed the system in villages to be oppressive and exploitative because they had to pay the zamindar a very high rent while his claim to the land was very uncertain. In order to pay their rent, cultivators were frequently required to take out loans; if they failed to do so, they were kicked from the property.
For the Zamindars the revenue was established at a level that made it difficult for the Zamindars to pay, and those who didn’t pay the revenue forfeited their Zamindaris. The Zamindars had no desire to develop the land. As long as they could rent out the land, they preferred it.
The settlement was beneficial to the company to some extent. Cultivation had gradually increased, and market values had climbed within the first ten years of the nineteenth century. Zamindars’ income rose as a result, but the company suffered a setback because it was unable to raise revenue, as they had agreed that the revenue would be permanent.
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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.