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What is meant by Dadan System?

Updated: 4/30/2024
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11y ago

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Dadan system,is a form of security system prevalent in India, Bangladesh, in which traders advance loans against standing crops for purchase of the crops at predetermined prices that are below the market rate.

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The Dadan system was a penal colony administered by France on Devil's Island in French Guiana from 1852 to 1953. It was known for its harsh conditions and was used to exile political prisoners, including Captain Alfred Dreyfus.

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