Like all of Goa, Assagao was long held by the Portuguese.As per Elderly People, village got its name when a prince, who was lost on the hills of Assagao on a dark night, heard the cock crow to announce the dawn. Overjoyed, the forlorn prince heaved a sigh, Assa re ganv.The early inhabitants of Assagao were Saraswat Brahmins of the Atri gotra. There must have been others too. But all were invariably Hindu with Ravalnath being the presiding deity. There was no dearth of temples too. However, only an odd pillar called kator on the hill at Socolvaddo is the vestige of the Hindu past. It was the temple lamp-post and to preserve the relic of their Hindu heritage, the elders cleverly slapped a legend over the kator. They the common man to believe that there was something inscribed on the kator in a strange a language. They claimed that the one who manages to decipher the inscription would be blessed with a bhangaracho handdo ( pot full of gold). Nobody ever saw the inscription and so no one ever got any gold either.
