The dates for applying for claims of a total amount of more than ₹ 5,00,000 lakh will be announced later. These claims will be processed within 45 working days.

Over 4.2 lakh investors received Rs 362.91 crore till July 16

Earlier on Wednesday, Home and Cooperation Minister Amit Shah told Parliament that till July 16 this year, Rs 362.91 crore has been refunded to more than 4.2 lakh investors of the Sahara Group. Shah said in a written reply in the Rajya Sabha that this money was refunded through the CRCS-Sahara refund portal.

This portal was set up following the order of the Supreme Court on March 29, 2023. Its purpose is to assist legitimate investors to retrieve their money. The minister said that till July 16, 2024, an amount of Rs 362.91 crore was released to 4,20,417 investors of Sahara Group cooperatives.

Also Read: ITR Filing: Deadline for filing ITR extended to 31 August? Income Tax Department itself told the truth

Let us tell you that a total of Rs 86,673 crore of 9.88 crore investors is stuck in the Sahara Group. An application was filed by the Ministry of Cooperation in the Supreme Court to resolve the grievances and payment of their legitimate deposits of genuine members/depositors of the cooperative societies of the Sahara Group, on which the Supreme Court directed to transfer Rs 5000 crore from the “Sahara-SEBI Refund Account” to the Central Registrar of Cooperative Societies (CRCS).

Contact on these numbers: The portal states that depositors are requested to file all claims related to all four societies through a single claim application form. Only claims filed online through the portal will be considered. There is no fee for filing a claim. For any technical problem, you can contact the society’s toll free numbers (0522 6937100/0522 3108400/0522 6931000/08069208210).

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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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But, they need not worry. The reason for this is that the government had launched a portal in July. Through this, depositors can withdraw their money. Union Home Minister Amit Shah had launched the Central Registrar of Cooperative Societies ( CRCS )-Sahara Refund Portal on July 18. Then the methods to register on this portal were also explained. In its order dated March 29, the Supreme Court, while giving relief to the depositors of Sahara Group of Cooperative Societies , had ordered to transfer Rs 5000 crore from the Sahara-SEBI refund account to CRCS .

Who can apply?

It was decided to give priority in taking money through this portal to those who had deposited Rs 10,000 or more. The total number of investors in this category was more than one crore. After returning the money of all such investors, it was decided to increase the limit of return amount. Depositors of Sahara Credit Cooperative Society Limited, Saharayan Universal Multipurpose Society Limited, Hamara India Credit Cooperative Society Limited and Stars Multipurpose Cooperative Society Limited can apply to get their money back through this portal.

Which documents will be required?

Depositors will have to provide many information for registration on this portal. These include membership number, account number, mobile phone number linked to Aadhaar, deposit certificate and PAN card. Depositors who have not applied yet. They will have to collect all these documents first. After this they will be able to apply through this portal. It is believed that there are still many depositors who have not applied.

What is the process to apply?

If you had deposited in the above mentioned four societies of Sahara then you can apply through this portal. For this you will first have to go to //mocrefund.crcs.gov.in/. After that you will have to give all your information. First of all you have to enter your 12 digit membership number. Last 4 digits of Aadhaar number have to be entered. After that you will have to enter your mobile number which is linked to Aadhaar.

After that you will get an OTP. After entering it your form will be completed. After that you will have to put your photo on the claim form. This claim form will have to be uploaded on the portal along with the copy of PAN. Your money will come to your account within 45 days. You will be informed about this through SMS.

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Investors who have invested in Sahara through this portal will get their money back. Through this refund portal, the amount will be returned to those investors whose investment maturity has been completed. All information related to refund of investment money will be available on the refund portal.

In fact, Cooperation Minister Amit Shah is inaugurating such a portal at Atal Akshay Urja Bhavan in Delhi today, which will ease the claim process on behalf of investors of Sahara Group. On this portal, the whole process will be told and explained to bring back the money to the investors of Sahara.

Modi government’s big announcement

Union Home Minister Amit Shah has been active for many months regarding this, he also held many meetings. The government had announced on March 29 that about 10 crore investors of Sahara Group would get their money back within 9 months. Seeing the problems of the investors, the Modi government had filed a petition in the Supreme Court, in which the appeal court had approved the release of Rs 5,000 immediately. This decision of the government will provide relief to 1.1 crore investors.

What is controversy?

This controversy of Sahara started in the year 2009 when Sahara launched its IPO and only after that the reality of Sahara started coming out. There were many irregularities in SEBI’s investigation and it came to light that Sahara had wrongly raised an amount of 24000 crores from investors and after further investigation it came out as a big scam. SEBI immediately ordered Sahara to return their money to the investors along with interest. However, later the matter went to the court and got complicated. Due to this dispute, a fund of 24 thousand crore rupees deposited in the account is stuck, due to which the investors are very upset.

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