Kerala Man purchase lottery tickets on way to get a bank loan, wins the first prize worth ₹12 Crore

Published:10 November 2020

Kerala Man purchase lottery tickets

Porunnan Rajan purchased a lottery ticket on his way to the bank to get a loan. First prize for the bumper lottery ticket for Christmas-New Year? A whopping ₹12 crore. The debt-ridden rubber tapper from Kerala's Kannur bought the lottery ticket on his en toute to apply for a 4th loan to repay the previous three one, he had no idea that the lottery ticket would change his life. The draw results were announced and Mr Rajan won the first prize.

Following the wins the 52-year-old is on cloud nine. He is glad to be able to repay all of his loans now and help his younger daughter to get a better education. He also looks forward to completing the work on his house where he stays with his wife, son and daughter.

As he took loan after loan to finish work on his house and get one for his daughters married, the daily wager's hardships saw no end. The ₹300 lottery ticket was relatively pricey, so he didn't tell anyone about his purchase.

As per law, after deducting tax and agency commission, Mr Rajan is expected to get ₹7.2 crores as prize money. 10% of the prize money, including GST, is earned by the agency that sells the winning ticket.

However, this is not his first lottery win. Mr Rajan had earlier won smaller amounts of money as well. He added that he was encouraged by all these rewards to try his luck further.

The second lottery prize is ₹5 crore, of which ₹50 lakh is distributed evenly among ten winners, and the third prize is ₹1 crore, of which ₹10 lakh is distributed among ten winners. There are also other smaller prizes.