Govt To Launch Sahara Refund Portal For Claim Submission By Depositors

Cooperation Minister Amit Shah on Tuesday will launch 'CRCS-Sahara Refund Portal' for submission of legitimate claims by genuine depositors of four cooperative societies of Sahara Group, according to a PTI report.

On March 29, the 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), stated the PTI report.

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

"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, added the PTI report.