Today's announcement of the Sahara Refund Portal will be made by Union Home Minister Amit Shah. Investors in the Sahara will have access to a refund route following the establishment of this portal. This portal will be used for the full refund process. Investors whose investment term has expired will be able to claim their money using this portal.
For Sahara's 100 million investors, Tuesday, July 18, 2023, is a significant day. Amit Shah, the union minister of the interior, will introduce the Sahara Refund Portal today. Investors in the Sahara can request their money upon the establishment of this portal, and the refunding procedure will then get underway.
Sahara Refund Portal: What Is It? (Sahara Refund Portal Definition)
For investors who participated in Sahara scams years ago and finished their tenure without receiving their money back, the Sahara Refund Portal has been opened. The Supreme Court ordered the government to restore the investors' money before December, and as a result, this portal has been developed.
Investors in Sahara will find comprehensive information regarding the procedure for getting their money back on this website. The government is making an attempt through this portal to transparently repay the investors' money.
Let me tell you that on March 29, 2023, the Ministry of Cooperation submitted a request for the money invested in the Sahara. The Central Registrar was then directed by the Supreme Court to transfer Rs. 5,000 crore from the Sahara-SEBI refund account, and this portal was then established to refund the money.
Investors in Sahara Group are primarily from the middle- and lower-income groups. These come from a number of states, including Madhya Pradesh, Uttar Pradesh, Bihar, Jharkhand, Uttarakhand, Haryana, and Uttar Pradesh.
Who will receive the money?
Investors in Sahara Credit Cooperative Society Limited, Saharayan Universal Multipurpose Society Limited, Hamara India Credit Cooperative Society Limited, and Stars Multipurpose Cooperative Society Limited are members of the Sahara Group. The investors will receive their money back.
What should I do to get my money?
Investors must first identify the Sahara Group committee in which they have made investments. There will be paperwork need to be provided in this regard. The specifics regarding the Sahara Agent's position in this situation won't be known until the portal is launched.
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