The Central Registrar of Cooperative Societies (CRCS), Ministry of Cooperatives, Government of India has successfully launched the Sahara Refund Portal. The portal has been launched to refund an estimated ₹5,000 crore to the members of Sahara Group whose money has been stuck with the group for a long time.
The Sahara Refund Portal was launched by the Hon’ble Union Minister for Home & Cooperation, Shri Amit Shah. Investors can apply for refunds online through the portal’s official website, https://mocrefund.crcs.gov.in/.
Here are some of the key features of the Sahara Refund Portal:
- It is a user-friendly portal that allows investors to register and apply for refunds quickly and easily.
- The portal is accessible 24/7 and can be accessed from any device with an internet connection.
- Investors will need to provide their basic details, such as their name, Aadhaar number, and bank account details, to apply for a refund.
- The refund amount will be credited to the investor’s bank account within 10-15 days of the application being approved.
The Sahara Refund Portal is a welcome step towards ensuring that the members of Sahara Group get their hard-earned money back. I urge all eligible investors to apply for a refund through the portal as soon as possible.
Here are some additional details about the Sahara Refund Portal:
- The portal was launched on July 1, 2023.
- It is open to all investors who have deposited money with Sahara Credit Cooperative Society Limited, Lucknow, Saharayan Universal Multipurpose Society Limited, Bhopal, Humara India Credit Cooperative Society Limited, Kolkata, and Stars Multipurpose Cooperative Society Limited, Hyderabad.
- The maximum refund amount per investor is ₹10,000.
- Investors can track the status of their refund application through the portal.
What is the Sahara Refund Portal?
Investors now have a simple and open platform to submit claims and request reimbursement for their invested funds thanks to the launch of this new portal. The process is actively being monitored by the Ministry of Cooperation, which makes sure that each claim is carefully examined and that eligible investors receive the refunds to which they are legally entitled.
| Portal Name | Sahara Refund Portal |
| Release Date | 18th July 2023 |
| Total Refund Amount | 5000 Crore |
| Launched By | Hon’ble Union Minister for Home & Cooperation, Shri Amit Shah |
| Official Website | https://mocrefund.crcs.gov.in |
This programme demonstrates the government’s dedication to safeguarding investors’ interests and upholding the ideals of accountability and transparency in the cooperative sector. The authorities are strongly warning against financial fraud and reaffirming faith in the cooperative system by launching the Sahara Refund Portal and ordering CRCS to allocate funds for the refund process.
Sahara Refund Portal Total Money Amount
The establishment of the Sahara Refund Portal comes as a result of a directive from the Supreme Court, which has played a crucial role in ensuring that justice is served to the affected investors. In its order, the Supreme Court has mandated the Sahara Credit Cooperative Society Limited (CRCS) to allocate a substantial sum of Rs 5,000 crore specifically for the purpose of refunding these claims.
Sahara Refund Portal Launch Date
On the 18th of July 2023, a significant development took place with the introduction of the Sahara Refund Portal. This portal stands as a vital measure undertaken to cater to the rightful claims of depositors who had entrusted their hard-earned money with Sahara Group’s cooperative societies. This crucial initiative came into effect following a pivotal judgement by the Supreme Court, which mandated the transfer of a substantial sum of Rs. 5000 crore from the “Sahara-SEBI Refund Account” to CRCS (Sahara Credit Cooperative Society Limited) for the purpose of disbursing dues to eligible depositors.
How to apply online on the Sahara Refund Portal?
To apply for a refund on the Sahara Refund Portal, follow these simple steps:
- Visit the official website at https://mocrefund.crcs.gov.in/Depositor/Login.
- Use your mobile number, Aadhaar number, and other necessary information to register.
- Verify your email address so they can contact you later.
- For a simple application process, review the features and instructions of the portal.
- Complete the online refund request form by entering accurate details.
- Upload the required files, making sure they don’t exceed the permitted file sizes.
- Verify all the details and supporting documentation once more before submitting the refund request.
- Now click on SUBMIT to request a refund.
Sahara Refund Portal Form
The government’s dedication to defending investor interests and ensuring fair play within the cooperative framework is demonstrated by the Ministry of Cooperation’s efforts to implement the portal and the Supreme Court’s involvement in directing the distribution of funds. The user-friendly interface of the Sahara India Refund Portal makes it simple for depositors to move through the application process. Depositors who want their money back are required to register on Sahara Refund Portal by providing a few details, such as their Aadhaar number, mobile phone, and bank account where they want the refunded money to be credited.
How is the Sahara Refund Portal Useful?
With the establishment of the Sahara Refund Portal, depositors now have a designated platform through which they can submit their claims in a streamlined and transparent manner. This move is a proactive step by the authorities to address the legitimate grievances of those who had invested in Sahara Group’s cooperative ventures, providing them with an efficient means to seek redressal for their financial transactions.
The Supreme Court’s directive to transfer the funds from the “Sahara-SEBI Refund Account” to CRCS underscores the court’s commitment to ensuring that depositors receive their rightful dues. This allocation of funds to CRCS specifically for disbursement purposes reinforces the court’s intent to prioritise the interests of the affected depositors and hold those responsible for financial accountability.
Sahara Refund Portal Login
The Sahara Refund Portal Login can be accessed only on the official website: https://mocrefund.crcs.gov.in/Depositor/Login. The portal offers a user-friendly interface for eligible individuals to effortlessly apply for their refunds. To initiate the process, depositors can access the website and log in, following the instructions provided on the portal. By providing essential details such as their Aadhaar number, mobile number, and other necessary information, depositors gain access to the portal and can easily submit their refund requests. The primary objective of the portal is to streamline the refund process, ensuring a seamless and convenient experience for investors, making it hassle-free for them to claim their rightful dues.