New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Amit Shah launched the CRCS-Sahara refund portal  is

    aimed to help over 100 million depositors of the Sahara Group cooperative societies in recovering their money within a span of nine months.In the initial phase, a total of ________will be disbursed through the portal to depositors. 
    A Rs.5000 crore Correct Answer Incorrect Answer
    B Rs.7000 crore Correct Answer Incorrect Answer
    C Rs.8000 crore Correct Answer Incorrect Answer
    D Rs.10000 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Amit Shah launched the CRCS-Sahara refund portal aimed to help over 100 million depositors of the Sahara Group cooperative societies in recovering their money within a span of nine months.  The process of returning the money of depositors, which was stuck in four cooperative societies of the Sahara Group, has started with the launch of the Sahara refund portal.   The portal has been developed for the submission of legitimate claims by genuine depositors of the Sahara Group's cooperative societies, namely Sahara Credit Cooperative Society Ltd, Saharayan Universal Multipurpose Society Ltd, Humara India Credit Cooperative Society Ltd, and Stars Multipurpose Cooperative Society Ltd. In the initial phase, a total of Rs 5,000 crore will be disbursed through the portal to depositors. However, each depositor will receive only Rs 10,000 in the first phase. If the first phase proves successful, the refund amount will be increased.

    Practice Next

    Relevant for Exams: