Shirdi Sai Mandir trust gives Rs 500-crore interest-free loan, blessings to Maharashtra Government. The money will be utilized for Nilwande Irrigation project to meet drinking water needs at Ahmednagar, a Muslim dominated region.
The Nilwande Dam is located on Pravara River. The project is also expected to benefit 182 villages in Sangamner, Rahuri, Akole, Rahata,and Kopargao tehsils in Ahmednagar district and Sinnar in Nashik.
A senior official of the temple body said a Memorandum of Understanding had been signed with the state government’s Godawari-Marathwada Irrigation Development Corporation in this regard.
“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.