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Question:

What explains the anger of the Deccan ryots against Fig. 10.20 the moneylenders? 

Answer:

The main reasons for the anger of Ryots against moneylenders are as follows:

1.In rural India it was traditional rule that the interest will always remain less than the principal amount. However, in many cases interest payable was more than the principal itself. In one case the interest was Rs 2000 against principal amount of Rs100.

2.No receipt was paid in case of payment of loan partly or fully. This opened the scope of manipulation by the moneylenders.

3.Ryots complained about forging of documents and other fraudulent activity by the moneylenders.

4.Ryots believed that moneylenders were insensitive to them and made an arrogant and exploitative lot. 

 


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