During the launching of the Central Registrar of Cooperative Societies (CRCS)-Sahara Refund Portal on Tuesday, Union Home and Cooperation Minister Amit Shah said that through this portal, first payment up to Rs 10,000 will be made to one crore investors who had deposited Rs 10,000 or more.
He said that complete data of all the four societies is available online for applying on this portal and all necessary provisions have been made in this process so that there is no scope for any kind of manipulation or injustice to any genuine investor.
Shah further added, that now, crores of people are going to receive their hard-earned money, which was stuck due to scams. Approximately 1.78 crore small investors, whose money up to Rs 30,000 stuck, will get their money back.
The payment to the genuine depositors will be credited in their Bank account within 45 days after filing their online claims, subject to fund availability and they will be intimated the status through SMS/Portal, he added.