11.4 Trade-Guilds

Trade Guilds

2020-04-27 12:02:22



JC van Leur : India-SE Asia trade was in hands of small time peddlers

This view has been contradicted

  • Powerful guilds and Corporate organisation of Merchants were prominent
  • Samaya : organisation created through agreement or contract has been mentioned
  • Had their own code of conduct called Bananju dharma
  • Ayyavole (the 500) originally from Aihole became largest regional association of merchants
    • Inscription mentioning them have been found in Lad Khan temple of Aihole - 8th century
    • Debate on whether it was centralised or federation
    • Enjoyed royal patronage esp Cholas
  • Manigrammam was another imp merchant guild
  • Inscriptions mentioning them found in Sri Lanka, Sumatra, Thailand
  • Traders accompanied by soldiers
  • Stone guild inscriptions frequently include a prashasti of the guild
  • 12th cent onwards they became less dependent on royal support, joint donation to temples, armed escorts became common