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Maha: Shirdi Saibaba Trust gives Rs 500 cr for Nilwande Dam

Press Trust of India  |  Mumbai 

The Shri Saibaba Sansthan Trust, which manages the saint's samadhi at in Maharashtra's district, will provide Rs 500 crore to build a for a dam.

The is located on and is expected to benefit 182 villages in Sangamner, Akole, Rahata, Rahuri and Kopargao tehsils in district and Sinnar in

A senior of the Trust said a Memorandum of Understanding had been signed with the state government's Godawari-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.

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

A said the had begun storing water but the right and left bank canals needed to be built for it to be used for irrigation and drinking water purposes.

The Nilwande Dam, this June, received Rs 2,232 crore under the Pradhan Mantri Krishi Sanjivani Yojana.

The Shirdi-based temple trust had earlier provided Rs 50 crore to the for the construction of the Rs 350-crore airport there. The airport, located at Kakadi village, is now operational.

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

First Published: Sun, December 02 2018. 14:55 IST