Chit fund investors to get back money in 4 months

Bhubaneswar  : The Odisha government will return money to all depositors who have invested in various chit fund schemes irrespective of the  amount put in by them, state
BJP president ManmohanSamal  announced on Friday.Addressing a press meet in Bhubaneswar, Samal said the process of refund of money to chit fund investors is already underway and the exercise is likely to be completed  within four months.
He said a list of five lakh depositors has already been prepared, and the state
government is committed to refund all investors as per the promises made in BJP’s Sankalp Patra before the elections.Stating that as many as 1,26,137 investors have already got back their money within a year, the state BJP chief said the list for the current phase is complete. The process is on and when the complete list is available, money to all will be refunded in phases, he said.Samal said chit fund investors will get the refund by showing even minimal proof of their deposit. “This is a regular process, and once the list arrives, money will be returned phasewise,” he said.Noting that
information and evidence about investment by people were obtained from various sources to prepare the list of five lakh eligible investors, he said whatever the amount may be, whether it is Rs 10,000 or Rs 10,00,000, money will be returned.The senior leader thanked Chief Minister Mohan CharanMajhi for refund of money to 1,26,137 eligible investors, and said that the CM has already announced that five lakh others will get back their money in four months.This achievement of the BJP government is in sharp contrast to the performance of the previous BJD government which refunded only Rs 119 crore to 2,79,109 small depositors over a span of 10 years from 2014 to 2024.The expeditious disbursement was possible after Chief Minister Mohan CharanMajhi directed to simplify the refund process and it’s decentralisation to the district level, said the Chief Minister’s Office earlier. In its interim report to the State government, the Justice MM Das Commission of inquiry probing the chit fund scam had recommended compensation for 4,97,844 small investors while naming more than 450 companies for
cheating the investors. Although the exact number of depositors affected in the chit fund scam is yet to be made public, somereports said around Rs 4,600 crore deposits were collected from the state by the chit fund companies.

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