Jayakwadi dam is an earthen dam located on Godavari river at the site of Jayakwadi village in Paithan taluka of Sambhajinagar district in Maharashtra, India. It is a multipurpose project. The water is mainly used to irrigate agricultural land in the drought-prone Marathwada region of the state. It also provides water for drinking and industrial usage to nearby towns and villages and to the municipalities and industrial areas of Sambhajinagar and Jalna districts. The surrounding area of the dam has a garden and a bird sanctuary.

The Godavari is India's second longest river after the Ganga River and drains the third largest basin in India, covering about 10% of India's total geographical area. Its source is in Trimbakeshwar, Nashik, Maharashtra. It flows east for 1,465 kilometres (910 mi), draining the states of Maharashtra (48.6%), Telangana (18.8%), Andhra Pradesh (4.5%), Chhattisgarh (10.9%) and Odisha (5.7%). The river ultimately empties into the Bay of Bengal through an extensive network of distributaries. Measuring up to 312,812 km2 (120,777 sq mi), it forms one of the largest river basins in the Indian subcontinent, with only the Ganga and Indus rivers having a larger drainage basin. In terms of length, catchment area and discharge, the Godavari is the largest in peninsular India, and had been dubbed as the Dakshina Ganga.