Vidya Prasarak Mandal's Maharshi Parshuram College of Engineering was started at Velneshwar in 2012.
This village is considered to be the root of the Gokhale, Raste (Gokhale), Gadgil, Govande, Savarkar, Velankar families and has their family shrine.
Various other holy places nearby are on account of the presence of different deities namely : Garamath, Velneshwar, Tarakeshwar, Taldeo, Kartikeya, Someshwar, Sapteshwar, Karneshwar, Karhateshwar, Kutakeshwar, Hrudakeshwar, Saptakotishwar, Dalbhyeshwar, Harihareshwar, Bhairav, Rameshwar, Chyavaneshwar, Urfata Ganesh, Durgadevi.