Why in news
- Ministry of Cooperation restored the CRCS-Sahara Refund Portal to resume processing pending claims of cooperative depositors.
Key terms
Multi-State Cooperative Society
A cooperative society operating in more than one State, governed by Central statutory regulations.
What is the Central Registrar of Cooperative Societies?
- Statutory body under the Multi-State Cooperative Societies Act, 2002, responsible for registering and regulating multi-State cooperatives.
- Operates under the administrative control of the Ministry of Cooperation.
Refund Framework and Execution
- Portal established following the Supreme Court order dated March 29, 2023, in W.P. No. 191/2022 to disburse genuine depositor dues.
- Direct Benefit Transfer (DBT) model remits verified funds directly into depositors' Aadhaar-seeded bank accounts.
- Restoration resolves operational, administrative, and IT infrastructure bottlenecks that previously halted verification.
Why it matters
- Protects small depositors' capital and restores institutional trust in multi-state cooperative financial structures.
Prelims facts
- Multi-State Cooperative Societies are registered by the Central Registrar, not State registrars.
Mains discussion
- Role of regulatory intervention in protecting small savers in the cooperative banking sector.
Source: PIB
Same topic · past papers
UPSC has asked this before
These previous-year questions sit on the same topic. Open one to practise the earlier ask.
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2026 · Q78 · General Studies · 2 marks
The Chancellor of the Federal Republic of Germany visited India in January, 2026. Which of the following is/are NOT correct in terms of outcomes of this visit? 1. Signing of a Memorandum of Understanding between the All India Institute of Ayurveda and the University of Hamburg 2. Signing of a Memorandum of Understanding on Youth Hockey Development between Hockey India and the German Hockey Federation 3. Establishment of a bilateral dialogue mechanism on the Indo-Pacific 4. Opening of an Honorary Consul of Germany in Lucknow Select the answer using the code given below: -
2022 · Q8 · GS III · 10 marks
Explain the mechanism and occurrence of cloudburst in the context of the Indian subcontinent. Discuss two recent examples. -
2018 · Q83 · General Studies · 2 marks
The Partnership for Action on Green Economy (PAGE), a UN mechanism to assist countries transition towards greener and more inclusive economies, emerged at -
2017 · Q7 · GS II · 10 marks
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2017 · Q20 · General Studies · 2 marks
With reference to the 'Prohibition of Benami Property Transaction Act, 1988 (PBPT Act)', consider the following statements: 1. A property transaction is not treated as a benami transaction if the owner of the property is not aware of the transaction. 2. Properties held benami are liable for confiscation by the Government. 3. The Act provides for three authorities for investigations but does not provide for any appellate mechanism. Which of the statements given above is/are correct?