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Life in Ancient India as Depicted in the Jain Canons, with Commentaries: An Administrative, Economic, Social and Geographical Survey c9.s13: Credit

Life in Ancient India as Depicted in the Jain Canons, with Commentaries: An Administrative, Economic, Social and Geographical Survey c9.s13

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English

Credit

c9.s13.1

There were no banks in those days and a great deal of wealth was hoarded in the form of gold etc. and hidden underground (*nidhānapautti*).¹¹⁶ People also deposited money with their friends, but it was not very safe. Appropriation of deposits (*nāsāvahāra*) was known.¹¹⁷

c9.s13.2

¹¹⁶ *Uvā*, p 6

c9.s13.3

¹¹⁷ *Āvā Ṭī* (Harı) p 820

c9.s13.4

Loans and debts could be taken. Money-lending was looked upon as an honest calling. We have referred to the money-lender Ānanda of Vāṇiyagāma. Of substitutes of money, letters of credit were known. False documents (*kūṭaleha*) are mentioned.¹¹⁸

c9.s13.5

¹¹⁸ *ibid*, *Uvā* p 10

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