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Shirdi Trust to give Rs 500 crore interest-free loan to Maharashtra

ANI  |  Mumbai (Maharashtra) [India] 

The of will give an interest-free loan of Rs 500 crore to for completing a pending irrigation project. The time limit of repayment of the loan is not yet fixed.

A Memorandum of Understanding (MoU) has been signed between the Trust and in this regard. The main objective of the project is to make drinking water available to the people living in district.

Last year, Shirdi-based temple trust had provided Rs 50 crore to the for the construction of international airport.

The in received donations worth Rs 5.97 crore in three days during the centenary edition of the Saibaba Samadhi festival this year. Last year, the festival had seen devotees donating as much as Rs 4.71 crore.

Saibaba is believed to have taken 'Samadhi' in Shirdi in the year 1918. Every year, a festival is observed for three days on the auspicious occasion of with lakhs of pilgrims from and abroad gathering in the city for the festival.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, December 02 2018. 19:20 IST
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