The Shirdi Saibaba Temple Trust has provided an interest-free Rs 500 crore loan to Maharashtra government. The loan has been provided for the completion of the pending Nilwande irrigation project which would meet the drinking water needs of most tehsil in Ahmednagar district of the state.
Suresh Haware, the chairperson of the trust and leader of BJP approved the loan and it’s for the first time such a big amount has been sanctioned for a loan to any state-run corporation without interest. The trust hasn’t set any time frame for the repayment of the loan.
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