Administrative System of the Marathas c23.s14: 5. Rasad

c23.s14.1

It will not be out of place to enquire into the antiquity of a practice peculiar to the revenue system of the Marathas. When a Revenue Collector was appointed, the government made him pay a large sum in advance, which the officer was allowed to realise from the revenue of his District with interest. This advance money was known as Rasad. This practice is at least as old as the Shukranitisara, where we find that "Having determined the land-revenue of the village, the king should receive it from one rich man in advance, or guarantee (for the payment) of that either by monthly or periodical instalments." 48