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.
Read more about this topic: Anandashram Swami
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