British got the Diwani rights of Bengal, Bihar, and Orissa in 1765. • The major aim of the British East India Company was to increase their land revenue collection. • The British policies aimed at getting maximum income from the land without caring about its consequences on cultivators and peasants. Explanation & Key Takeaways: The Permanent Settlement was introduced in 1793 by Governor-General Lord Cornwallis. • Rajas and taluqdars were recognized as Zamindars to collect rent from the peasants and pay revenue to the company. • The amount paid by the zamindars to the company was fixed permanently. • The Company believed that as the revenue amount was fixed, the zamindars would benefit by investing in land improvement, which would, in turn, lead to increased production. • Zamindars lost their right over the lands whenever they fail to make payments to the company Hence, the correct answer is Permanent Settlement. Related Concepts: Ryotwari Settlement: • This System was introduced by Thomas Munro in 1820. • This was the primary land revenue system in South India. • Major areas of introduction include Madras, Bombay, parts of Assam and Coorg provinces of British India. • In Ryotwari System the ownership rights were handed over to the peasants. British Government collected taxes directly from the peasants. Mahalwari Settlement: • This system was introduced in 1822 by Holt Mackenzie. Later, the system was reformed during the period of William Bentick (1833). • This was the primary land revenue system in North-West India. • It was introduced in Central Province, North-West Frontier, Agra, Punjab, Gangetic Valley, etc of British India. • In this system, the land was divided into Mahals. Each Mahal comprises one or more villages.