Lakh Baksh is usually referred to those who give away property and wealth to the needy and poor. The most famous of these was Sultan Qutub-ud-din Aibak of the Delhi Sultanate. He was famous for giving away a lot of his wealth to the poor and needy.
For further reading check the following articles:
|100 Differences Between Articles||UPSC Prelims|
|NCERT Medieval Indian History Notes UPSC||UPSC Mains Questions (2013-2019)|
|NCERT Ancient Indian History Notes UPSC||NCERT Modern Indian History Notes UPSC|