The film takes place in the impoverished village of Laholi where, following droughts, most of the villagers' possessions are mortgaged to the local Thakurani Karamkali (Sudha Chandran). One of the few entertainments the villagers can afford is the lottery, Malaamal Weekly (malaamal is Hindi for 'rich').
Lilaram (Paresh Rawal) is the only educated man in the village. He has the job of intermediary between the lottery organisation and the village, for which he receives a commission whenever a villager wins; thus, he has a relatively good but volatile income. One day he reads the winning lottery numbers and realises that one of the tickets has won the top prize of one crore (about $220,000, a relative fortune in rural India). He devises a plan to obtain the winning ticket and present it to the commission as his own. He hosts a dinner (mortgaging his wife's beloved pet goat to the Thakur's wife to pay
Lilaram (Paresh Rawal) is the only educated man in the village. He has the job of intermediary between the lottery organisation and the village, for which he receives a commission whenever a villager wins; thus, he has a relatively good but volatile income. One day he reads the winning lottery numbers and realises that one of the tickets has won the top prize of one crore (about $220,000, a relative fortune in rural India). He devises a plan to obtain the winning ticket and present it to the commission as his own. He hosts a dinner (mortgaging his wife's beloved pet goat to the Thakur's wife to pay
