Commodity and Credit in Upland Maharashtra, 1800-1950

Maharashtra, 1800-1950 Sumit Guha A particular structure of commodity production arose as a consequence of tax-demands in late eighteenth century Maharashtra and generated a need for credit without which production and, consequently, both the productive and the unproductive classes would suffer. A flow of credit did result as a result. The real change came when another market came into operation; that in land. Now an additional, and tangible, security was available, and the moneylender could reduce his costs and extend his operations by relying on it.