Permanent settlement: Was introduced by Lord

Permanent Settlement was introduced by Lord Cornwallis who was the governor-general in 1793. Read more about Permanents Settlements System & its Impacts, Merits, Demerits for the UPSC exam. The Permanent Settlement , enacted by the British East India Company in 1793, stands as a pivotal administrative and economic reform that fundamentally reshaped land tenure systems and agrarian relations in Colonial India, particularly in Bengal, Bihar, and Orissa. Conceived by Lord Cornwallis, then Governor-General of Bengal, this monumental decree aimed to establish a stable and predictable land revenue system, addressing the Company’s persistent financial uncertainties and the ... In areas concerned with the permanent settlement , the land ownership right was vested with the Zamindars. It was hereditary and transferrable but the ultimate ownership of the land was with the company and it can sell or auction the land in case of non-payment or untimely payment of revenue. The Permanent Settlement and Mahalwari System were two distinct land revenue systems introduced by the British in India, each with its unique features and methodologies.