What was the Limitation Law of 1859? State its impacts on the ryots.

1.	What was the Limitation Law of 1859? State its impacts on the ryots.
Answer» Limitation Law of 1859 i. It stated that the loan bonds signed between the moneylenders and ryots would have validity for only three years. ii. It was to check the accumulation of interest over time its impacts on the ryots i. Moneylenders forced the ryots to sign new bonds ii. Money lenders useda variety of other means to short change the ryots iii. Moneylenders refused to give receipts to ryots when they paid their loans IV. They entered fictitious figures

Answer»

Limitation Law of 1859

i. It stated that the loan bonds signed between the moneylenders and ryots would have validity for only three years.

ii. It was to check the accumulation of interest over time

its impacts on the ryots

i. Moneylenders forced the ryots to sign new bonds

ii. Money lenders useda variety of other means to short change the ryots

iii. Moneylenders refused to give receipts to ryots when they paid their loans

IV. They entered fictitious figures

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What was the Limitation Law of 1859? State its impacts on the ryots.

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