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Shirdi Sai Baba Trust Donates Rs 500 Crore To Maharashtra Government To Build Nilvande Dam Canal

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| December 2 , 2018 , 19:22 IST

Shirdi Sai Baba Trust gave an interest-free loan of Rs 500 crore to the Maharashtra government to complete the incomplete work of Nilvande irrigation project, on Sunday.

The Nilwande Dam is located on Pravara River and is expected to benefit 182 villages in Sangamner, Akole, Rahata, Rahuri and Kopargao tehsils in Ahmednagar district and Sinnar in Nashik.

The loan was sanctioned by Chairman of the Trust, Suresh Haware. The total cost of the project is pegged at Rs 1,200 crore. Rest of the budget will be covered by the Department of Water Resources in two instalments of Rs 300 crore and Rs 400 crore in this year (2018) and the next (2019).

According to media reports, a senior official of the Trust said a Memorandum of Understanding had been signed with the state government’s Godavari-Marathwada Irrigation Development Corporation in this regard.

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"The trust will give Rs 500 crore for the project but will not charge interest on it," he said, though he refused to divulge details of tenure of repayment etc.

The official said the temple trust provides money for social work regularly but the amount it had allocated for the Nilwande Dam was "huge" and a "rare thing".

Shirdi, a small rural town in the Rahata taluka of Ahmednagar district in Maharashtra. Shri Saibaba Sansthan Trust is the authorised body to control and manage the day-to-day activities at the Shri Saibaba Samadhi Temple. The temple is a major place of attraction for devotees and tourists from India and abroad.

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