Anandashram Swami - Financial Crisis

Financial Crisis

During the initial period of Swamiji's reign, the Chitrapur Math faced acute financial constraints. The income for the matha was steadily decreasing. The matha faced a huge debt of 80,000 Rupees with the interests alone absorbing 5,000 Rupees (a considerable amount in the early 1930s). The severe financial restrictions were possibly due to:

  • The advent of World War II
  • Severe drought conditions in the Kanara districts (and the country in general)
  • Financial burden due to the last period of India's Freedom struggle.

Tackling this financial situation was given a top priority by Swamiji. The measures included Suspension of the Rathōtsav(Car Festival), Introduction of Sādhana Saptāhas and the framing of a new constitution.

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