The peasantry in the Deccan suffered from widespread indebtedness during the 19th century. In March 1881, after touring the rural areas of Poona and Ahmadnagar districts, which were still recovering from the devastations caused by famine and the credit crunch followed by the peasant revolt of 1876-79, Mahadev Govind Ranade proposed the establishment of agricultural-shetkari banks.
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Links:
[1] http://admin.indiaenvironmentportal.org.in/feature-article/new-insights-debates-rural-indebtedness-19th-century-deccan
[2] http://admin.indiaenvironmentportal.org.in/category/author/parimala-v-rao
[3] http://admin.indiaenvironmentportal.org.in/category/journal/economic-and-political-weekly
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/agriculture
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/famine
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/farmers
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/history
[8] http://admin.indiaenvironmentportal.org.in/category/thesaurus/india
[9] http://admin.indiaenvironmentportal.org.in/category/thesaurus/ahmadnagar-d
[10] http://admin.indiaenvironmentportal.org.in/category/thesaurus/pune-d
[11] http://admin.indiaenvironmentportal.org.in/category/thesaurus/debt
