Sahara Refund: Sahara is going to go to the Supreme Court again to return their money to the investors. Investors of Sahara Group have claimed about Rs 80,000 crore on the Sahara Refund Portal, for which the government will approach the Supreme Court to demand money from the group’s funds.
Investors had invested in the corporate committees of Sahara Group, the money which was stuck for years, a portal was launched this year for this. Minister of State for Cooperation BL Verma, in response to a question in the Rajya Sabha on investors’ money stuck in Sahara, said that the Ministry of Cooperation has started a portal for investors, through which they can submit claim applications for the money stuck in corporate societies. . He said that 3 crore investors have registered to claim money on the portal and a total of Rs 80,000 crore has been claimed.
Currently the government has Rs 5,000 crore
Verma said that many investors have also got their money back. He said, “We have started the process of refunding investors’ money within 45 days. We have Rs 5,000 crore, we will go to the apex court to get more money from Sahara Group’s fund. Sahara investors will get every penny of their money.” Will get it back.”
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The Minister has assured all the investors that the investors who are submitting their applications as per the process on the portal will get their money back. Right now the government is starting with refunding Rs 10,000 per investor to small investors. He also said that the home loan limit in rural cooperative banks has been increased two and a half times from Rs 32 lakh to Rs 75 lakh.
Why am I not getting the money?
Sahara has deposited about Rs 25000 crore in SEBI account. Out of this, Rs 5000 crore has been received at present. Only those investors whose principal amount is maximum Rs 10,000 are getting refund. Let us tell you that in August 2012, the Supreme Court had ordered about three crore investors to return their money with interest.
After this, the Central Government created a separate portal https://mocrefund.crcs.gov.in/ to return the money of the investors. Lakhs of people have applied to withdraw their rights on this. According to sources in the Cooperative Ministry, most of the investors will get refund of Sahara before the 2024 Lok Sabha elections.
