Credit System in Early Medieval India

Inspite of the Considerable progress in the field of research in ancient Indian Economic history, credit has not received the attention it deserves. The present book is an attempt to study the evolution of the Credit system in early medieval India with its bearings on certain social and Economic issues. Credit forms a very important basis of economic relations and growth and guided by customery rules which develop into a legal shape through successive stages in an advancing civilization. The subject of this book is very significant as it is a pleasant departure from the usual political or social surveys of the period. The book is divided in six chapter: 1. Socio-economic background-kinds of loan and interest-Rates of interest (from 650 A.D. – 900 A.D.); 2. Security-Pledge-Mortgage-recovery (from 650 A.D. – 900 A.D.); 3. Liability – Usuary – Endowment-Donors (from 650 A.D. – 900 A.D.); 4. Merchant Bankers-kinds of loan and interest-Rates of interest (from 900 A.D. – 1200 A.D.); 5. Deposit- Pledge-Surety-Recovery (from 900-1200 A.D.) & Donors-Donees-Land Mortgage by temples (from 900-1200 A.D.) The bibliography are suggestive of high intellectual standard and wide perspective of the subject matter. As the Chapters of the book indicate, this research work shows an extraordinary analysis of ‘Credit’. This is an unique document where on can get briefly regarding the concept of loans, Interest, Security, Pledge, Mortgage Liability, usuary, Endowments, Donors, Donees, Surety, Recovery of the early medieval period which is comparatively very useful to us in present days also.