lottery committee 1817 of the british rule was related to

The Lottery Committee of 1817, established during the British Rule, was a crucial body related to the financial administration of India. It was formed in the wake of the growing financial burden on the East India Company, stemming from the recent wars and expensive administration.The primary objective of the Committee was to raise revenue through a lottery system. This system involved selling tickets for a chance to win substantial prizes, with the proceeds going towards reducing the companys debt. The Committees establishment was a reflection of the economic pressure facing the British in India. The lottery system was seen as a viable solution to alleviate the financial strain, though it was not without its critics. Many believed it to be exploitative and unfair, disproportionately affecting the poorer segments of society.Despite the controversy, the Lottery Committee played a significant role in the fiscal history of British India. It serves as a testament to the financial challenges faced by the East India Company during its rule and the creative measures employed to address them.