How could a moneylender exploit farmers during the British rule?

How could a moneylender exploit farmers during the British rule?

Answers



During the British rule, moneylenders exploited farmers by charging high interest rates on loans, often more than what was legally allowed. This put farmers in a difficult financial situation, as they were unable to pay back their loans and had to borrow even more money to cover their financial woes. Moneylenders could also take advantage of farmers by forcing them to borrow increasing amounts of money and not offering any leniency if the farmer could not pay back the loan on time or in full. Additionally, moneylenders often provided loans with unfair repayment terms, such as charging interest rates that could double or triple the original amount of the loan and/or refusing to accept any payments from the farmer until the full amount had been repaid.

Answered by Carlos

The moneylender compelled the farmers to mortgage his land in order to pay the land revenue.

Answered by Leonard White

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