INDIAN HISTORY

Detailed explanation-1: -The rigidity of revenue collection and higher tax rates were indeed the major cause of peasant impoverishment in the Deccan.

Detailed explanation-2: -The farmers were unable to save any of their produce. Whenever there was any famine or flood, they had to take a loan from the moneylender. So during the British rule, more than 80% peasants were under debt.

Detailed explanation-3: -Peasants’ Revolt, also called Wat Tyler’s Rebellion, (1381), first great popular rebellion in English history. Its immediate cause was the imposition of the unpopular poll tax of 1380, which brought to a head the economic discontent that had been growing since the middle of the century.

Detailed explanation-4: -During the British rule, the land revenue was fixed high. So the farmers were not able to pay in time. Hence, they were forced to borrow. Even in the Post-Independent India excessive land revenue with its rigid procedure of collection is squarely responsible for aggravating the problem of rural indebtedness.

Detailed explanation-5: -The major problems of rural indebtedness is that the Indian farmers borrows loan every year from the informal sources which charge very high rate of interest. Even the amount of the loan is very huge which the farmers are not able to repay from their annual earnings which creates a debt trap out of their life.