CRCS – Sahara Refund Portal: Facilitating Convenient Claims Submission for Cooperative Society Depositors

CRCS - Sahara Refund Portal: Facilitating Convenient Claims Submission for Cooperative Society Depositors
CRCS - Sahara Refund Portal: Facilitating Convenient Claims Submission for Cooperative Society Depositors

Shri Amit Shah, the Union Home Minister and Minister of Cooperation, officially launched the CRCS – Sahara Refund Portal in New Delhi. This portal, accessible at, has been specifically developed to facilitate the submission of claims by genuine depositors of Cooperative Societies within the Sahara Group. Notable societies covered by this initiative include Sahara Credit Cooperative Society Limited, Saharayan Universal Multipurpose Society Limited, Hamara India Credit Cooperative Society Limited, and Stars Multipurpose Cooperative Society Limited.

Led by Prime Minister Shri Narendra Modi, the CRCS – Sahara Refund Portal aims to ensure that investors recover their funds that were affected by scams. It addresses the concerns of individuals whose money is trapped in the four Cooperative Societies of the Sahara Group, which previously did not receive adequate attention. By establishing this cooperative movement, the portal provides a practical and viable avenue for millions of people who lack capital but have a strong desire to contribute to the nation’s development, enabling them to fulfill their aspirations.

The transparent process of returning Rs. 5,000 crore to investors has commenced with a trial run. Once the successful payment of Rs. 5,000 crore is completed, further steps will be taken to appeal to the Supreme Court for the return of funds to the remaining investors.

During the inauguration, the Union Home Minister and Minister of Cooperation emphasized that the portal enables an initial payment of up to Rs. 10,000 to be made to one crore investors who had deposited Rs. 10,000 or more in these cooperative societies. The CRCS – Sahara Refund Portal provides a comprehensive online platform for submitting applications, ensuring a streamlined and efficient process. Stringent provisions have been implemented to prevent manipulation or injustice towards genuine investors, ensuring utmost fairness and security throughout the procedure. The portal can also be accessed through the Ministry of Cooperation’s website.

To facilitate the filing of applications through the Common Service Center (CSC), there are two primary conditions: 1) The investor’s Aadhaar card must be linked to their mobile number, and 2) the Aadhaar card should be linked to their bank account. The Union Home Minister assured investors that the money would be credited to their bank accounts within a period of 45 days, providing them with a timely resolution.

The introduction of the CRCS – Sahara Refund Portal marks a significant step towards addressing the concerns of depositors and ensuring a transparent and efficient process for the recovery of funds. With the support of the Ministry of Cooperation and strict provisions in place, this initiative instills confidence among investors and serves as a testament to the government’s commitment to protecting the interests of the public. Minister Amit Shah’s leadership in driving this cooperative movement underscores the government’s dedication to creating an inclusive and secure financial environment for all.