Page 10 - NIS English 16-31 August 2023

Nation Sahara Refund Portal

SAHARA REFUND PORTAL LAUNCHED

MONEY CHEATED IN SCAM FOR YEARS

FINALLY BEING RETURNED

The current central government is not only taking tough measures against corruption
and corrupt people, but it is also returning the hard-earned money of small farmers
and traders who have been victims of scams for years. With this action by the
government, the common people's mistrust of the cooperative society will be wiped
out. On July 18, Union Home and Cooperation Minister Amit Shah launched the
Sahara Refund Portal to recover investors' stuck money in Sahara Group's societies.

he Ministry of Cooperation was formed with the Hamara India Credit Cooperative Society Limited, and
vision of Prime Minister Narendra Modi. Now that Stars Multipurpose Cooperative Society Limited.
Tthere is transparency, a big beginning has also Such provisions have been made throughout the
been made to return the money to the investors stuck process to ensure that there is no room for confusion
in the scam. In consultation with all the stakeholders, or injustice towards any genuine investor. The
efforts were made to create a system in which small amount will be transferred directly to the Aadhaar-
investors could be thought of in a positive way, the seed bank account of the depositors within 45 days
results of which are now beginning to show. Union of submission of their online claim after verification
Home and Cooperation Minister Amit Shah launched of their claims and uploaded documents. After the
the Central Registrar Sahara Refund Portal at https:// claims and uploaded documents are verified, the
mocrefund.crcs.gov.in on July 18. The portal has been money will be transferred directly to the depositors'
developed for the submission of claims by depositors Aadhaar-seed bank accounts within 45 days of
of four cooperative societies of the Sahara Group, the online claim submission. Following the central
namely Sahara Credit Cooperative Society Limited, government's initiative, a transparent process for
Saharayan Universal Multipurpose Society Limited, returning Rs 5,000 crore to investors has begun.

8 New India Samachar August 16-31, 2023