Union Home Minister and Minister of Cooperation, Shri Amit Shah will launch ‘CRCS-Sahara Refund Portal’ in New Delhi on Tuesday. Under the leadership of Prime Minister Shri Narendra Modi and guidance of Union Home Minister and Minister of Cooperation, Shri Amit Shah, since its formation, the Ministry of Cooperation has taken number of initiatives to strengthen the cooperative movement in the country and to protect the interests of the members of the cooperatives.

It is pertinent to mention that to address the grievances of genuine members/depositors of Sahara Group of Cooperative Societies for payment of their legitimate deposits, the Ministry of Cooperation had filed an application in the Hon’ble Supreme Court of India. The Hon’ble Supreme Court vide its order dated 29th March, 2023 had directed 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.

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.

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