What were the reasons for the peasants of India being under debt?
Dining the British rule, most of the peasants remained under debt because of the following reasons: The farmers had to pay a fixed revenue to the State. Sometimes they did not have a good crop. So they had to seek a loan to pay their revenue. The farmers often took a loan on the occasions of marriage, birth or death in the family. They had to pay a high rate of interest to the moneylenders. The income of the peasants was very low. If ever a farmer took the loan, he could* not return it except its interest. 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.
