Modi government initiated CRCS-Sahara Refund Portal to help Sahara depositors get a refund

CRCS-Sahara Refund Portal In the presence of the Union Cooperation Minster, the present government launched the ‘CRCS-Sahara Refund Portal,’ aiming to facilitate over 10 crore depositors of Sahara Group.

CRCS-Sahara Refund Portal

Facilitating over 10 crore depositors of Sahara Group in claiming their money back within a timeframe of 45 days, CRCS-Sahara Refund Portal had been launched. where they will return the money to 10 crore investors of the four cooperative societies (Sahara Credit Cooperative Society Ltd, Saharayan Universal Multipurpose Society Ltd, Humara India Credit Cooperative Society Ltd, and Stars Multipurpose Cooperative Society Ltd) associated with Sahara Group within nine months. Developed by a subsidiary of IFCI Ltd,  where they initiated the refund of  Rs 10,000, where once this fund is exhausted, where the government have to approach the Supreme Court to seek additional funds for processing the refunds of other depositors with larger amounts.

CRCS-Sahara Refund Portal-website

Essential Requirements for Depositors

To initiate the refund process, depositors are required to possess two essential elements:

  • Aadhaar registration with a mobile number and Aadhaar linking with the bank account where the refund will be deposited.
  • Additionally, depositors must provide their receipt details and download, fill, and re-upload a form on the portal for the seamless processing of their refund claims.

CRCS-Sahara Refund Portal-Oneindia News

Who initiated the CRCS-Sahara Refund Portal?

Union Cooperation Minister Amit Shah initiated the CRCS-Sahara Refund Portal