CRCS-Sahara Refund Portal Launched: Link, Claim Process, Who will benefit – All Details

financialexpress.com:

CRCS Sahara Refund Portal Launch: The Union Government has launched CRCS-Sahara Refund Portal today. The portal was launched by Union Home Minister and Minister of Cooperation Amit Shah in Delhi. The portal will help more than 10 crore depositors of Sahara Group claim their money back.

“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,” Union Minister Amit Shah said while launching the refund portal.

Earlier in a statement dated July 17, the Ministry of Cooperation said, “To address the grievances of genuine members/depositors of Sahara Group of Cooperative Societies for payment of their legitimate deposits, the Ministry of Cooperation had filed an application in the Hon’ble Supreme Court of India. The Hon’ble Supreme Court vide its order dated 29th March, 2023 had directed that Rs. 5000 Crores be transferred out of the ‘Sahara-SEBI Refund Account’, to the Central Registrar of Cooperative Societies (CRCS) for disbursement against the legitimate dues of the genuine depositors of the Sahara Group of Cooperative Societies.”

“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,” it added.

Even as the Sahara Refund Portal has been launched, the online link of the portal was not working at the time of writing as of 12.32 pm on July 18.

(We will share an update here as soon as the online link starts working)

In the initial phase, the refund