Union Home and Cooperation Minister Amit Shah said that an amount of Rs 362.91 crore has been released to 4,20,417 depositors of Sahara Group of Cooperative Societies as on 16.07.2024.
He further said, “In compliance of the Hon’ble Supreme Court’s Order dated 29.03.2023, an Online Portal “CRCS-Sahara refund portal” https://mocrefund.crcs.gov.in has been launched on 18.07.2023 for submission of claims by the genuine depositors of four Multi-State Cooperative Societies of Sahara Group, namely? Sahara Credit Cooperative Society Ltd., Lucknow, Saharayn Universal Multipurpose Society Ltd., Bhopal, Humara India Credit Cooperative Society Ltd., Kolkata and Stars Multipurpose Cooperative Society Ltd., Hyderabad for refund of their legitimate deposits”.
“Entire process of disbursement is digital and paperless and is being carried out under the supervision and monitoring of Justice R. Subhash Reddy, Former Judge of Hon’ble Supreme Court with the assistance of Shri Gaurav Agrawal, Amicus Curiae. Applications received on the Portal are being processed in a transparent manner, on proper identification and on submitting proof of their identity and deposits”, Shah added.
Union Home and Cooperation Minister said, the payment is being deposited directly in Aadhaar seeded bank account of the genuine depositors. Presently, payment only upto Rs 10,000/- is being disbursed to each genuine depositor of the Sahara Group of Cooperative Societies against verified claims through Aadhaar seeded Bank accounts.
Further, in case of any deficiency found in the application of the depositor on the portal, deficiencies are being conveyed to them for re-submission of their application through the resubmission portal already launched on 15.11.2023.