The total prize money is a record 44.7 million pounds ($57.29 million) this year.
The men's and women's champions will receive 2.3 million euros each.
The BCCI on Sunday announced an increase in prize money for the domestic tournaments.
Tickets sold in Pala won 6 first prizes of the State lottery in one and three-quarters of a year
The main draw singles players competing in the first round will be playing for 50,000 pounds.
The Kerala team will be battling for their seventh title later on Monday at the Manjeri Payyanad stadium in Malappuram.
Living in a one-room house for 13 years, Shanmughan had been running from pillar to post seeking aid to build a new house.
The new monthly lottery ticket, Bhagyamitra, will be available in the market from next month.
The champions will get Rs 10 crore, while the runners-up will be richer by Rs 6.25 crore. The two losing qualifiers will get Rs 4.3 crore each.
The decision to restructure the domestic tournament set-up was taken at the executive council meeting of BAI on Sunday. The combined prize money will be approximately Rs 2 crore.