Many of the Investors associated with Sahara’s four credit cooperative societies have hailed the efforts of Union Home and Cooperation Minister Amit Shah towards refunding their money. Many of the investors have called for extending the limit of their refund amount, however.
During the launching of the CRCS-Sahara Refund Portal on Tuesday, the Union Cooperation Minister 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.
The investors were sharing their reactions with the Indian Cooperative correspondent on the sidelines of the launching of the Central Registrar of Cooperative Societies (CRCS)-Sahara Refund Portal.
Talking to Indian Cooperative, one of the investors Saket Kumar Singh from Bihar’s Begusarai said, “First of all, we are very thankful to the Union Home and Cooperation Minister for taking the initiative. I have invested around Rs 40 lakh in three societies of Sahara i.e. Sahara Credit Cooperative Society Ltd., Saharayn Universal Multipurpose Society Ltd and Humara India Credit Cooperative Society somerine in 2001. We are happy with the decision but the refund amount limit should be extended”.
Another investor from Jharkhand’s Jamshedpur, Tapas Kumar Roy said, “I have invested around Rs 50k in Sahara’s credit society and am happy to know that we will get back our hard earned money sooner than later”.
Dilip Dharana, yet another investor from Jamshedpur said, “We are happy with the decision and with the intervention of Union Home and Cooperation Minister Amit Shah. But the limit of Rs 10k should be extended to Rs 50k”.
One investor from Madhya Pradesh’s Satna, Shiv Kumar Roy said, “We are very thankful to the Union Ministry of Cooperation in general and Union Cooperation Minister Amit Shah, in particular for helping the depositors of Sahara’s credit cooperative. I have invested around Rs 10 lakh money and the amount got stuck in these societies but hope that I will get it back soon”.
Surendra Kumar Singh from Kanpur, Uttar Pradesh praises the efforts of Union Cooperation Minister Amit Shah for helping the investors of Sahara Credit co-ops.
As soon as the launching ceremony of the portal was over, Union Home and Cooperation Minister Amit Shah met the investors present on this occasion and assured them of all possible support in getting their hard earned money back.
Meanwhile, Indian Cooperative also got several mails from the depositors in which majority of them thanked the Union Cooperation Minister Amit Shah for helping the investors.
“Nice initiative by Hon’ble Minister Amit Shah ji. He has done what he had committed to do. The poor investors were uncertain about getting back their hard earned money invested in the company. Being one of them I am grateful to the govt and the minister especially for making our dream come true at long last. Thanks from the core of my heart. Long live Amit Bhai Shahji”, wrote one of the investors.
Yet another wrote, “Great initiative by Hon Home minister Shri Amith Shah Ji. God bless you Sir. We will not forget you for the help and intervention. A living example of good governance”.
“Really sir, we had lost all hopes in getting back our hard earned money invested in the Sahara credit cooperative societies. All our efforts had gone in vain. Though it was unduly delayed and we couldn’t make use of our own money to meet several serious personal and domestic requirements, we could finally see the day of hope now. We are highly thankful and indebted to Sri Amith Shah ji for his sincere efforts in keeping his promises made in order to relieve grief stricken Sahara investors’ ‘, one of the investors wrote to Indian Cooperative.
It is not possible to reproduce all the reactions we have received but we have mentioned a few to underline the gravity of the problem.
It bears recall that, on the petition of the Ministry of Cooperation, the Supreme Court had ordered the refund from Sahara-SEBI refund account to about 10 crore investors of 4 cooperative societies of Sahara Group, ending the long pending woes of the Sahara investors.
