Multipurpose project. Mainly To irrigate land for agriculture in the drought prone of Marathwada region of Maharashtra state. Also to provide water for drinking and industrial usage to nearby towns and villages and to the municipalities and industrial areas of Aurangabad and Jalna.

It is a multipurpose project. Jayakwadi is one of the largest earthen dams in Asia. Its cachement area is 21,750 km². Total submergence area due to the reservoir is approx 35,000 ha. Its height is approx 41.30 m and length of 9998 m (10 km approx). Nath Sagar is the name of the reservoir formed due to Jayakwadi Dam. Total area of reservoir is approx 350 km2. Its total storage capicity is approx 2.909 km³ & effective live storage capacity is 2.17  km³. The length of left bank canal is 208 km & the length of right bank canal is 132 km.

It irrigates culturable area of 237,452 ha in the districts of Aurangabad, Jalna, Beed and Parbhani. While its total command area is 263,858 ha. Its installed power generating capacity is 12 megawatts. It is also used to supply drinking water to Aurangabad city &  surrounding areas. Unfortunately siltation has taken a heavy toll on the project. It is  estimated that appprox 30% of the dam is filled with silt, reducing its life as well as storage capacity.