Govt To Launch Portal For Claim Submission By Depositors Of Sahara Group Co-Op Societies

New Delhi: There is good news for depositors of Sahara Group cooperative societies.

The government is set to launch the ‘CRCS-Sahara Refund Portal’ for submission of legitimate claims by genuine depositors of four cooperative societies of Sahara Group.

The Cooperation ministry said in a statement today that Union Home minister Amit Shah – who also happens to be Cooperation minister — will launch the ‘CRCS-Sahara Refund Portal’ in Delhi 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.

The Supreme Court earlier ordered the transfer of Rs 5,000 crore from Sahara-SEBI refund account to the Central Registrar of Cooperative Societies (CRCS) for disbursement against legitimate dues of genuine depositors of Sahara Group’s cooperative societies.

Following that order, the government said on March 29 that money will be returned to 10 crore investors of four cooperative societies of Sahara Group within 9 months.