Union Home Minister and Minister of Cooperation, Amit Shah will launch the ‘CRCS-Sahara Refund Portal’ in New Delhi today. The launch of the portal will help the depositors to submit legitimate claims as their money was stuck in four cooperative societies of Sahara Group. These four societies are: Sahara Credit Cooperative Society Ltd, Saharayan Universal Multipurpose Society Ltd, Humara India Credit Cooperative Society Ltd and Stars Multipurpose Cooperative Society Ltd.
Amit Shah had said that the objective of the Ministry of Cooperation was to take various measures that are aimed at strengthening the cooperative movement in India and also protecting the interests of the people.
Hon’ble Union Home & Cooperation, Shri @AmitShah, will launch the ‘CRCS-Sahara Refund Portal’ in New Delhi on Tuesday.
The new CRCS-Sahara Refund Portal will allow the Depositors of Sahara Group of Cooperative societies to easily and remotely file their refund.@AmitShahOffice pic.twitter.com/YjfXdvaChK
— Ministry of Cooperation, Government of India (@MinOfCooperatn) July 17, 2023
Directive of Supreme Court to Refund the Money
It was on March 29th, 2023 that the Supreme Court of India had issued a directive in which it had said 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. The government had assured that they would ensure that the people whose money was stuck, they are able to get it within nine months.
सहकारिता मंत्रालय के आवेदन पर माननीय सर्वोच्च न्यायालय ने 29 मार्च 2023 को सहारा समूह की सहकारी समितियों के वास्तविक जमाकर्ताओं के वैध देयों के भुगतान के लिए ‘सहारा-सेबी रिफंड खाते’ से 5000 करोड़ रुपये CRCS को हस्तांतरित किए जाने का आदेश दिया है।
— Ministry of Cooperation, Government of India (@MinOfCooperatn) July 17, 2023
The move has come as a big respite for 10 crore investors whose money was stuck with the Sahara group and they had to run from pillar to post to get it back.
Netizens laud the initiative
A number of people took to twitter to hail the move to launch the portal. Nitish Tiwari credited Prime Minister Narendra Modi for this initiative.
मोदी है तो मुमकिन है। ये बहुत से परिवारों को सुकून देगा।
— Nitish Tiwary (@poetnitish) July 18, 2023
Another user Satish Pandey said that it was a very good step.
सर बहुत जरूरी है
— सतीश पांडेय ( सनातन धर्म की जय हो ) (@SATISH09990) July 18, 2023
Sharma Mohitraj said that the BJP led government was hitting the right notes.
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