The erstwhile two minor Departments under the administrative control of Finance Department viz. (1) Department of Institutional Finance & Small Savings and (2) Department of Mizoram State Lottery were amalgamated on 10.01.2005 by the State Government forming one major Department called “Department of Small Savings & State Lottery” vide Notification No.A.11016/1/04-F.Est/14 of 10/1/05. Recently, the nomenclature of the Department is changed as “Department of Institutional Finance & State Lottery” vide Government Notification No.G.16010/40/94-F.Est. of 22.09.2005.

At present, the Directorate is accommodated in two adjacent buildings at Tuikhuahtlang, Aizawl, one of which is belonging to the Department and the other is a rented building.

The Department usually has close communications and interactions with other States in the affairs of the Lottery as well as with the Government servants and general public of the State in Small Savings matters.

As the Department is established and instituted mainly to generate ‘Revenue’ for the State Government and also to improve the ‘Additional Resources Mobilisation’ of the State Government with less administrative expenditures, it endeavours to strive for achieving such goal and target with untiring zeal.