Shegaon is popular as a pilgrimage destination as it is believed that Shri Sant Gajanan Maharaj (see picture) lived here. Hindus consider Gajanan Maharaj a saint with miraculous powers. The origins of Shri Sant Gajanan Maharaj are untraceable in history. Shri Sant Gajanan Maharaj took “Samadhi” at Shegaon. Shri Sant Gajanan Maharaj Temple is built on the Samadhi of Gajanan Maharaj. Sant Gajanan Maharaj Sansthan is the largest temple trust in the Vidarbha region and is so called as “Pandharpur of Vidarbha”. It attracts pilgrims from all over Maharashtra.
Shegaon has a tourist attraction called “Anand Sagar”, a INR 3000 million project . It is maintained by the The Gajanan Maharaj Sansthan. It surrounds a big artificial lake. It has a meditation centre, an aquarium, temples, play grounds, lush green lawns and open theatre where fountain-show is conducted for entertainment. It has been beautifully decorated with state of art artefacts and carvings all over. An amusement park has also started with a toy train encircling the entire place.