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.”

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.

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Which documents are required? (Sahara Refund Portal Link And Documents)

1- Membership Number
2- Deposit account number
3- Mobile number linked with Aadhaar (Mandatory)
4- Certificate of Deposit / Passbook
5- PAN Card – If the claim amount is more than Rs.50,000.

Sahara Refund Portal Step By Step process

Investors have to keep in mind that the mobile number registered with Aadhaar should be active. If you have changed the number linked to Aadhaar, then link the new number with Aadhaar. Also, your bank account should be linked with Aadhaar number. Cooperation Minister Amit Shah said that with the help of these documents, any investor will be able to get the refund back by uploading his receipt on the portal. Tell me, a form has been given on the portal, after downloading it, investors will have to upload it again on the portal with their signature giving complete information.

Money will be returned in 45 days

The Union Minister said that this money will be returned in 45 days after the investors apply. The Cooperative Minister said that in the first phase money is being returned to those people whose investment amount is Rs 10,000. Also, up to Rs 10,000 are being returned from the total investment amount of big investors. He told that after the return of Rs 5000 crore, we will take the help of the Supreme Court to return the money to the people.

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