TTD Chairman Releases White Paper on Srivani Trust Funds

TTD Trust Board Chairman Sri YV Subba Reddy along with the TTD EO Sri AV Dharma Reddy released white paper on Sri Venkateswara Alayana Nirmana Trust (SRIVANI).

During the media conference held at Annamaiah Bhavan in Tirumala on Friday, the Chairman briefed the media on SRIVANI and said as per TTD Board Res. No.388 the Trust was established on August 28 in 2018 with the main objective to support the restoration of old temples and the Construction of new temples or Bhajanamandirams(small temples), as part of Sanatana Hindu Dharma Prachara.

However, the real activity of the Trust commenced after the TTD Board in its Resolution No.23 on September 23 in 2019 has approved to extend the privilege of one-time VIP Break Darshan to the donor on donating Rs.10,000/- to SRIVANI Trust. The funds started pouring in for the noble cause taken up by TTD to construct temples in SC, ST, BC and fishermen colonies. Since its inception till May 31 this year, so far over 860crores have been donated to SRIVANI by devotees both in online and offline and over 8.25lakh devotees availed the darshan of Sri Venkateswara Swamy. 

Elaborating further he said the financial assistance so far has been sanctioned at Rs. 93 crores for 176 Endowment and Private temples under SRIVANI Trust for restoration of old temples. We have also resolved to take the construction of 2273 temples in backward areas allotting Rs.10lakhs for each temple out of which 1953 are taken up by AP Endowments Department and 320 by the Samarasata Seva Foundation. 

“In a transparent manner, we are running the administration and as part of it we have already released a white paper on TTD Properties, Gold Deposits, Fixed Deposits and today on the utilization of SRIVANI Trust funds. We are ready to clear the doubts regarding the usage of SRIVANI funds. I appeal to devotees not to fall in the trap of such baseless allegations made by some vested interests regarding the misuse of SRIVANI funds. We are reiterating and asserting that every single paisa donated by the devotee for the Trust is being utilized in the restoration of old temples and constructing new temples”, he added.

Speaking to the media, the EO said, when some Peethadhipathis and VHP leaders met him regarding the SRIVANI Trust funds issue, all the documents, bank accounts, balance amount details etc.were shown to them and even the VHP Central Committee Joint Secretary Sri Raghavulu expressed his satisfaction over the proper utilisation of funds by TTD. "Before making baseless allegations, one should verify the facts as the sentiments of millions of devotees are involved in this. We will proceed legally against those in the larger interests of devotees and the reputation of the institution, he added.