What Modi Govt Did For Sahara Investors? To address the grievances of the members/depositors, the ministry had filed an application in the Supreme Court. In March, the Supreme Court had directed that Rs 5,000 crore be transferred out of the Sahara-Sebi Refund Account , to CRCS for disbursement against the legitimate dues of the depositors., Companies News, Times Now
India Business News: The Indian government has launched the CRCS-Sahara Refund Portal to help crores of depositors claim their money back from the Sahara Group. The portal
In the initial phase, a total of Rs 5,000 crore will be disbursed through the portal to genuine depositors. However, each depositor will receive only Rs 10,000 in the first phase.
The portal is developed by a subsidiary of IFCI, for submission of legitimate claims by the depositors of these cooperative societies. Shah said there are two important requirements: Aadhaar registration with mobile and Aadhaar-linking with the bank account where refund is to be deposited.