Good News for Sahara Depositors: Refund Portal Back in Action
What Happened
The Centre has restored the CRCS-Sahara Refund Portal, allowing verification and processing of around 20 lakh pending refund applications from depositors of four Sahara Group cooperative societies. The portal's operations had been disrupted due to administrative, IT infrastructure and operational issues affecting the societies.
Key Takeaways
The government said ₹9,267 crore has already been refunded to over 41.5 lakh depositors through Aadhaar-linked bank accounts. With the portal now functional again, pending claims can move forward under the Supreme Court-monitored refund mechanism.