The recent launch of the CRCS-Sahara Refund Portal by the central government has brought hope to over 10 crore depositors of Sahara Group cooperative societies. This new portal aims to facilitate the process of refunding money to genuine depositors who have been waiting for a resolution. Let’s delve into the key details and steps involved in the claim process.
Assisting Millions of Sahara Group Depositors
The primary objective of the CRCS-Sahara Refund Portal is to offer support to more than 10 crore depositors associated with Sahara Group cooperative societies. These societies include Sahara Credit Cooperative Society Ltd, Saharayan Universal Multipurpose Society Ltd, Humara India Credit Cooperative Society Ltd, and Stars Multipurpose Cooperative Society Ltd. This initiative comes as a significant relief to depositors who have been eagerly waiting for their hard-earned money.
Claim Process Simplified
To claim a refund online, genuine depositors must visit the Ministry of Cooperation’s official website (https://cooperation.gov.in) and access the Sahara Refund Portal. Although the link may not be operational at the moment, it is expected to become active soon. Once on the portal, depositors can complete the online application form with all the necessary details.
Required Documents and Eligibility
During the application process, depositors must ensure that they provide all the required documents. Moreover, to be eligible for the refund, depositors must possess an Aadhaar-linked mobile number and a bank account for claim processing.
Verification and Processing
The Sahara Group of Co-operative Societies will verify the submitted claim applications within 30 days. Following the verification process, applicants will be notified of their claim status either through a text message or on the portal within 15 days. The entire claim processing is expected to be completed in approximately 45 days.
Initial Phase Disbursement
In the initial phase, a total of Rs 5,000 crore will be disbursed to genuine depositors through the online portal. However, each depositor will initially receive up to Rs 10,000. This is a positive step to ensure quick and efficient disbursement to a large number of depositors.
Union Minister Amit Shah mentioned that around 4 crore depositors are eligible to receive up to Rs 10,000 in this first phase. The success of this phase will pave the way for further measures to address the claims of depositors with higher amounts of money stuck in Sahara Group’s cooperative societies. This means that if the initiative proves successful, the refund amount for individual depositors is likely to increase.
The launch of the CRCS-Sahara Refund Portal is a significant milestone in assisting millions of Sahara Group depositors. The government’s efforts to simplify the claim process and expedite the refund are commendable. Genuine depositors are encouraged to make use of the Sahara Refund Portal for a seamless and hassle-free experience. By providing accurate information and necessary documents, depositors can ensure a smooth verification process and timely refunds. With this initiative, the government aims to bring relief and financial support to those who have been eagerly awaiting their rightful dues.