Money lenders and Sarrafs

Question

10 Sep 2024

Answer :

Word Count : 246

In the period between 1605 and 1750, during the later Mughal era, moneylenders (mahajans) and sarrafs (bankers or money changers) played a crucial role in the economic life of India. They were instrumental in the functioning of the agricultural and trade-based economy and became prominent figures in both rural and urban settings.

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