Sahara Refund Portal Launch Today By Amit Shah: Know How Depositors Will Get Their Money Back – News18

Cooperation Minister Amit Shah will launch ‘CRCS-Sahara Refund Portal’ today for submission of legitimate claims by genuine depositors of four cooperative societies of Sahara Group. On March 29, the had government said that money will be returned to 10 crore investors of four cooperative societies of Sahara Group within 9 months.

The announcement followed a Supreme Court order directing transfer of Rs 5,000 crore from Sahara-Sebi refund account to the Central Registrar of Cooperative Societies (CRCS).

Sahara Refund Portal Launch Today By Amit Shah

In a statement, the cooperation ministry said Amit Shah will launch the ‘CRCS-Sahara Refund Portal’ in the national capital on Tuesday.

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“A portal has been developed for submission of legitimate claims by the genuine depositors of the Sahara Group of cooperative societies namely — Sahara Credit Cooperative Society Ltd, Saharayan Universal Multipurpose Society Ltd, Humara India Credit Cooperative Society Ltd and Stars Multipurpose Cooperative Society Ltd,” the ministry said.

To address the grievances of genuine members/ depositors of the Sahara Group’s cooperative societies, the ministry had filed an application in the Supreme Court.

In March, the Supreme Court had directed that Rs 5,000 crore be transferred out of the ‘Sahara-Sebi Refund Account’, to the CRCS for disbursement against the legitimate dues of the genuine depositors of the Sahara Group’s cooperative societies.

(This is a developing story, more details will be added)

(With PTI inputs)