Lottery Sambad is known to numerous individuals due to regular drawing and significant sums of prize money. Nevertheless, none of the individuals know the importance of the lottery concerning the development of the state. This guide describes how lottery proceeds contribute to the welfare of the state.

Objective of Organizing Lottery Sambad

To start with, it is necessary to emphasize that initially the lottery was organized not for entertaining but earning the non-tax revenue. In other words, Lottery Sambad is run by the Finance Department of Nagaland since 1972. Consequently, the main purpose of the lottery project is to generate the income for further development purposes.

Entrance of Lottery Proceeds into the State Treasury

The proceeds from the sales of lottery tickets have to be sent to the Public Ledger Account/Consolidated Fund according to the requirements of the lottery rules. Thus, the lottery proceeds come to the treasury of the organizing state. It should be noted that lottery proceeds enter the treasury of the organizing state with the help of authorized retailers under control of the government department.

Projects Sponsored by Lottery Proceeds

As it can be seen from above, there are numerous development projects sponsored by the lottery proceeds. More precisely, there are such spheres as infrastructure development, healthcare services, and other social welfare initiatives sponsored by the lottery proceeds. Lottery proceeds serve as one of the possible methods for obtaining money for small states requiring additional sources of income. The example is the state of Nagaland.

Lottery Scheme as the Means of Job Creation

Another benefit of the lottery project lies in creating jobs. As a result, there are many employees working for the lottery company: distributors, authorized retailers, lottery judges, representatives of transport companies, and so forth. Besides, retired government employees have an opportunity to become lottery judges and get some additional income.

Silent Contribution to the Development of State Government

One of the main features of the lottery scheme lies in serving as a silent contributor to the development projects realized by state government. To be more precise, three drawings of the lottery happen every day during almost 362 days annually. Since the lottery proceeds enough money, it can sponsor various projects without increasing tax load on residents.

Conclusion

In conclusion, it should be said that lottery proceeds contribute significantly to the welfare projects and infrastructure development such as health services, and so on. In addition, the lottery itself represents a public welfare program.