mention usury. Also, during this period




The Vedas (2000-1400 BCE) are earliest Indian texts to mention the concept of usury. The word kusidin is translated as usurer. The Sutras (700-100 BCE) and the Jatakas (600-400 BCE) also mention usury. Also, during this period, texts began to condemn usury. Vasishtha forbade Brahmin and Kshatriya varnas from participating in usury. By 2nd century CE, usury seems to have become more acceptable.[10] The Manusmriti considers usury an acceptable means of acquiring wealth or leading a livelihood.[11] It also considers money lending above a certain rate, different ceiling rates for different caste, a grave sin