CRCS Sahara Refund Portal: How To Apply What Documents Needed.
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Union Cooperation Minister Amit Shah on Tuesday launched the 'CRCS-Sahara Refund Portal' to help over 10 crore depositors of Sahara Group to claim their money back in 45 days.
Terming this a historic moment, Shah said depositors will get their refund in 45 days after registering themselves on the portal.
“The process of returning the money of depositors, which was stuck in four cooperative societies of Sahara Group, has started with the launch of Sahara Refund Portal,”
On March 29, the Centre said the money will be returned to 10 crore investors of the four cooperative societies within nine months.
This was followed by a Supreme Court order directing the transfer of Rs 5,000 crore from the Sahara-Sebi refund account to the Central Registrar of Cooperative Societies (CRCS).
Around 2.5 crore people have deposits of up to Rs 30,000 in the four 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 refund portal has been developed by a subsidiary of IFCI Ltd, for submission of legitimate claims by the depositors of these cooperative societies.
The portal was launched today by Amit Shah and depositors can visit the website, at mocrefund.crcs.gov.in, to claim their money back.
He added that in the first phase, the corpus of Rs 5,000 crore would be able to take care of the needs of 1.7 crore depositors.