CRCS Sahara Refund Portal Registration Launched 2023 {New Updates}

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CRCS Sahara Refund Portal Registration Launched  2023 {New Updates}

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CRCS Sahara Refund Portal Registration Launched – Sahara India Refund Portal Link 2023, Direct Login Link to Claim Refund, Sahara Refund Online Application form 2023: On July 18, 2023, the Government of India has taken a significant step to address the concerns of lakhs of depositors belonging to the cooperative societies of the Sahara group. The Central Registrar of Cooperative Societies (CRCS)-Sahara Refund Portal was officially launched by Union Home Minister and Cooperation Minister, Amit Shah.

The objective of this portal is to facilitate the refund process for genuine depositors in four co-operative societies owned by Sahara Group, namely Sahara Credit Cooperative Society, Saharayan Universal Multipurpose Society, STARS Multipurpose, and Hamara India Credit Cooperative Society.


The primary objective of the CRCS-Portal is to ensure a transparent and efficient process for the refund of depositors’ money. 5000 crores and will ensure that the Sahara refund portal is working transparently.

After the successful winding up of this amount, the government is planning to file another appeal in the Supreme Court to return the remaining amount to other investors. In this article, we are going to give information about the process and eligibility, etc. to get a refund from this Portal.

Sahara Refund Portal – Overview

The government of India launched the CRCS Portal to address the concerns of depositors in Sahara Group’s cooperative societies. The portal aims to facilitate a transparent and efficient refund process for genuine depositors in four societies. Union Home Minister Amit Shah initiated the refund of Rs. 5000 crores, ensuring transparency in the portal’s functioning.
Scheme Sahara Refund Portal
Launched by Central Registrar of Cooperative Societies
Objective Returning investors’ money.
Number of Depositors upto 10 crore
Launch Date 18/07/2023
Article Category Business
Official Website www.cooperation.gov.in

What is Sahara Refund Portal?

Sahara Refund Portal, officially known as CRCS- Refund Portal, has been launched by the Central Registrar of Cooperative Societies office. It has been launched by the Government of India to facilitate the refund process for lakhs of depositors belonging to the four cooperative societies of Sahara Group.

Societies eligible for a refund through the portal are Hamara India Credit Cooperative Society, Sahara Credit Cooperative Society, Saharayan Universal Multipurpose Society, and Stars Multipurpose Cooperative Society.

Eligible depositors can register and submit their claim for refund on the portal by providing necessary details such as membership number, deposit account number, Aadhaar-linked mobile number, and deposit certificate/passbook. The refund process is expected to be completed within 45 days. “CRCS Sahara Refund Portal Registration Launched – Sahara India Refund Portal Link 2023, Direct Login Link to Claim Refund, Sahara Refund Online Application form 2023”

Objectives of the Sahara Refund Portal

The Sahara Refund Portal serves several important objectives to ensure a smooth and transparent refund process for the depositors of the cooperative societies of Sahara Group. Some of the main points of the portal are as follows:-The primary goal of this portal is to facilitate the refund process for lakhs of depositors in four co-operative societies owned by Sahara Group, namely Sahara Credit Cooperative Society, Saharayan Universal Multipurpose Society, Hamara India Credit Cooperative Society, and Stars Multipurpose Cooperative Society.
The portal is designed to ensure transparency and efficiency in handling genuine claims of depositors and eliminate any scope for manipulation or injustice to legitimate investors.
The portal is specifically designed to transparently refund Rs. 5,000 crores to the first investors on a trial basis. Once this amount is successfully returned, the government plans to appeal to the Supreme Court for a refund of the balance amount to other investors.
The portal aims to provide prompt refunds to genuine investors. 10,000 will be given to one crore investors who deposit Rs. 10,000 or more to cooperative societies.
The initiative seeks to address the concerns of depositors whose hard-earned money is locked up in cooperatives, thereby instilling confidence and security in the cooperative movement.

How to Apply for Sahara Refund Portal?

Follow the steps given below to apply on the Refund Portal to get a refund of your investment.First, complete the registration by entering your personal information for the application.
Now log in using the login credentials.
Accept all terms and conditions by clicking the button I Agree.
Enter your Aadhaar Number and click Get OTP. Verify the OTP received on your Aadhaar-linked Mobile Number.
The system will display your Aadhaar user details, including Name, Date of Birth, and Father/Husband Name.
Click on the add claim button to enter claim details. You can add multiple claim details if applicable.
Once all the claim details are entered, generate the Claim Request Form. Review all claims for accuracy, as changes cannot be made afterward.
Upload the Claim Form and PAN Card copy (mandatory for claim amounts of Rs. 50,000 or above) as per the specified size limits.
Submit the application form and save it.
Refund Amount

Union Minister Shah has announced that the Sahara Portal will provide the first payment of up to Rs. 10,000 to one crore investors who have contributed Rs. 10,000 or more through the platform. Once the initial payment of Rs. 5,000 crore has been successfully disbursed, another appeal will be made to the Supreme Court to seek the return of the remaining amount to the rest of the investors.
Eligibility

The Sahara Refund Portal, officially launched by the Central Government, aims to facilitate the refund process for depositors of four cooperative societies owned by the Sahara Group. To be eligible for a refund through the CRCS-Refund Portal, depositors must belong to the following four societies:-Humara India Credit Cooperative Society Limited, Kolkata.
Sahara Credit Cooperative Society Limited, Lucknow.
Saharayan Universal Multipurpose Society Limited, Bhopal.
Stars Multipurpose Cooperative Society Limited, Hyderabad.

To initiate the refund claim, eligible depositors need to visit the CRCS- Refund Portal at https://mocrefund.crcs.gov.in. The claim request form/application must include essential details such as membership number, deposit account number, Aadhaar-linked mobile number (mandatory), deposit certificates/passbook, and PAN card (mandatory if the claim amount is Rs. 50,000 or above). “CRCS Sahara Refund Portal Registration Launched – Sahara India Refund Portal Link 2023, Direct Login Link to Claim Refund, Sahara Refund Online Application form 2023”
Important DocumentsDeposit account number
Mobile Number linked with Aadhaar (Mandatory)
Membership number
Certificate of Deposit/Passbook
Membership Number
Receipt Number
Proof of Deposit (e.g., Deposit certificates)
Deposit Amount
PAN Card: Mandatory if the total claim amount across all societies exceeds Rs. 50,000.

How will the portal work?

The Sahara Refund Portal, launched by the Central Government, aims to return hard-earned money to depositors of Sahara Group’s cooperative societies within 45 days of registration. Eligible depositors of four cooperative societies can submit claims on the portal by linking Aadhaar with their bank account and mobile number.

After verification, depositors can download a claim form, provide accurate investment details, and upload a deposit certificate. The portal processes claims within 45 days, transferring refunds directly to claimants’ bank accounts. Initially, depositors receive refunds up to Rs. 10,000, benefiting around 17 million depositors. Common Services Centers (CSC) provide assistance for any queries during the refund process.

Important Links

Conclusion

The launch of the Sahara Refund Portal by the Government of India on July 18, 2023, marks a significant step in addressing the concerns of depositors in Sahara Group’s cooperative societies. The portal’s objective is to ensure a transparent and efficient refund process for millions of genuine depositors within approximately 45 days after registration.

Eligible depositors of four cooperative societies can submit their claims by linking Aadhaar with their bank account and mobile number. Once the claims are verified, the refund amount will be directly transferred to their bank accounts.

The initiative aims to provide relief to depositors and restore confidence in the cooperative movement. Common Services Centers (CSC) offer assistance during the refund process. “CRCS Sahara Refund Portal Registration Launched – Sahara India Refund Portal Link 2023, Direct Login Link to Claim Refund, Sahara Refund Online Application form 2023”

How to Login to Sahara Refund Portal?

Depositors can register for Sahara Refund Portal by visiting the official website of CRCS.
When was the Sahara refund portal launched?

CRCS Sahara Refund Portal was launched on 18th July 2023.
Is the CRCS refund portal secure?

Yes, the CRCS refund portal is fully secured with an SSL certificate.

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