Question

Why did Ryots of Deccan India revolt against the moneylenders during the colonial period? Explain.

Answer 1

The following are Ryots' primary grievances with moneylenders:

1. Interest will always be less than principal in rural India, according to a long-standing custom. But frequently, the amount of interest owed exceeded the principle. In one instance, the principal amount was Rs. 100, with interest of Rs. 2000.
2. Whether the loan was paid in full or in part, no receipt was given. This made it easier for the moneylenders to manipulate people.
3. Ryots lodged a complaint against the moneylenders for document forgeries and other fraudulent practices.
4. According to Ryots, moneylenders were a haughty and predatory bunch who showed no consideration for them.