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Wednesday, October 4, 2023

CRCS-Sahara Reimbursement: Amit Shah Launches CRCS-Sahara Reimbursement Portal: How To File Claims, Who Will Benefit & More | indian news

NEW DELHI: Union Home Minister and Cooperation Minister Amit Shah on Tuesday launched ‘CRCS-Sahara reimbursement Portal’ in the national capital for the disbursement against the legitimate quotas of the genuine depositors of the Sahara Group of Cooperative Societies.
The portal aims to facilitate the repayment of hard-earned crores from depositors in four Sahara Group cooperative societies in about 45 days.
Calling this a historic moment, Shah said this is the first time depositors have gotten refunds in a case involving multiple government agencies and each has made a seizure.
Shah assured depositors that no one can stop their money now and that they will receive the refund in 45 days after registering on the portal.
The portal has been developed for the submission of legitimate claims by genuine depositors of Sahara Credit Cooperative Society Ltd., Saharayan Universal Multipurpose Society Ltd., Humara India Credit Cooperative Society Ltd and Stars Multipurpose Cooperative Society Ltd.
Speaking at the event, Shah said that depositors’ claims of Rs 1.7 crore will be settled through the portal in the first phase.
On March 29, the government had said that the money would be returned to the investors of Rs 10 crore from the four cooperative societies within 9 months. The announcement followed a Supreme Court order directing the transfer of Rs 5,000 crore from the Sahara-Sebi repayment account to the Central Register of Cooperative Societies (CRCS).
For starters, he said, depositors would receive a refund of up to Rs 10,000 and thereafter the amount would be enhanced for those who have invested higher amounts.
The Rs 5000 corpus could meet the needs of Rs 1.7 crore depositors in the first phase, he said.
About Rs 2.5 crore have deposits up to Rs 30,000 in the four 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.
“Once the Rs 5,000 crore is used, we will approach the High Court and ask them to release more money so that full repayment of other depositors with higher amounts can be processed,” Shah said.
The portal is developed by a subsidiary of IFCI, for the presentation of legitimate claims by the depositors of these cooperative societies.
In March, the Supreme Court ordered Rs 5,000 crore to be transferred from the ‘Sahara-Sebi Repayment Account’ to CRCS for disbursement against the legitimate dues of depositors.
What is the claim process?
Depositors will first need to register with CRCS Sahara Reimbursement Portal.
Shah said there are two important requirements for the claim process: registering Aadhaar with the mobile and linking Aadhaar to the bank account where the refund will be deposited.
Depositors will also need to provide receipt details.
Shah said depositors will need to download a form, fill it out and re-upload it to the portal for post-refund processing.
Opponents can also visit cooperation.gov.in and click on the tabs: CRCS Sahara Refund Portal, CRCS Sahara Refund Video and CRCS Sahara Refund Tutorial for a step-by-step guide to applying.
(With contributions from agencies)

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