Lottery is a attach of playing. Kerala Train Lottery became started in the yr 1967. The initiative became taken by the then Train Finance Minister Sri. PK Kunchu. During that duration Kerala became tormented by acute unemployment. The different of unemployed childhood in the origin of the third five yr conception became above 1.3 million1. The shift from agriculture to industrial and industrial actions, the rage for white collar jobs, the growth of carrier sector, insufficient lengthen in non tax earnings equivalent to interest, dividend and profit, increased public expenditure and so forth. had been the factors that led the finance minister to take into story a supplementary offer of profits for the pronounce.
Thus lottery became basically for reducing employment and to a particular extent for supporting the pronounce earnings. Lotteries had been generated by internal most companies at that point. Later internal most lotteries had been banned. These days, perfect the pronounce authorities conducts lottery. Principles and regulations for conducting lotteries had been framed and lotteries own turn into identical old affair now. Currently it affords employment to bigger than 3 lakh of us and contributions, bigger than Rs. 10 crores a yr to the pronounce authorities by procedure of profit. Income tax deducted from the prize amount also comes to crores of rupees. Above all, clear amount is lying with the pronounce authorities as undistributed prize.
Started as a monthly program Kerala Train lottery is currently having a median 5 draws a week. The first prize disbursed in a map has increased from Rs. 50000 to Rs. 1 crore and plenty more. Whole sale of tickets has also increased from Rs.75 lakhs to Rs.125 crores a yr. Thus it is felt that the lotteries play a important role in the existence of Kerala of us.
Nevertheless study students, lecturers and policy makers own no longer attempted fundamental on the realm. This study hole motivated the pupil to lift this topic. Analysis divulge might maybe additionally be rigorously identified and conceptualised perfect after a detailed literature overview.
A glance among 300 samples had been made of the varied areas – southern central and northern. The districts of Thiruvananthapuram, Thrissur and Kannur had been selected at random for the motive and 100 samples from each district had been selected and studied to analyze the motives on the again of shopping for tickets and the abundance of faith the final public has in the Kerala Train Lottery. A glance among 90 responses became made of winners of clear prize quantities to analyze the sample of utilization of prize money.
A glance among 150 samples became also made of the sellers of tickets to analyze the profits earned by them from this project. The sample sizes had been saved low thanks to the difficulties in getting the relevant community. The Director of Kerala Train Lotteries, a couple of district lottery officers, a couple of very clear and surely miniature sellers of tickets, the President of Kerala Lottery Agents Association (KLAA) and so forth. had been also contacted and interviewed for their opinions and attitudes relating to the Kerala Train Lottery. Accrued info had been analyzed using acceptable and relevant tactics.