Themes In Indian History - Important Questions

Book: Themes In Indian History - Important Questions

Chapter: 10. Colonialism and The Countryside

Subject: History - Class 12th

Q. No. 7 of Short Answer (3 Marks)

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Why was the Limitation Law considered as a symbol of oppression against the ryot of 19τη century?

The limitation law stated that loan bonds between moneylenders and ryots would be valid for only 3 years. It was enacted to check the accumulation of interest overtime, but moneylenders managed to exploit the law in their own favour by forcing the ryot to sign a new bond every 3 year. In a new bond, the unpaid balance and accumulated interest of the previous bond was added as the principal upon which a new set of interests were levied. In addition to this, moneylenders sometimes refused to give receipts, entered wrong figures in bonds, bought harvests at low prices and ultimately took over peasants' property. Due to all this reasons the limitation law of deeds and bonds became symbol of an oppressive system.


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