Business lottery refers to a system where companies or entrepreneurs participate in a draw to win various incentives, such as tax benefits, subsidies, or exclusive licenses, often used in government schemes to promote local industries in India.
In India, local products like handicrafts, textiles, and agricultural goods are often supported through business lotteries. For example, the government may organize lotteries where small businesses can win grants to expand their operations, helping to boost the economy and preserve traditional crafts.
These initiatives encourage innovation and sustainability, making Indian products more competitive in global markets while fostering community development. |
