Archive · 2 Jul 2025
Odisha CM Orders Payment to 5 Lakh More Chit Fund Victims
The Odisha state government is going to give money back to about 500,000 people.
These people had lost money to companies that were like scams, called chit funds.
The Chief Minister, Mohan Charan Majhi, ordered the government to pay them back.
The government plans to return the money in the next few months.
This is to help those who were tricked by these companies and lost their savings.
Odisha CM orders compensation for 5 lakh more depositors.
The depositors were duped by various chit fund companies.
The compensation is ordered by Chief Minister Mohan Charan Majhi.
The money will be returned within three to four months.
The announcement came from the Chief Minister's Office.
- Who
- Odisha Chief Minister Mohan Charan Majhi.
- What
- Odisha government to compensate 5 lakh duped depositors.
- When
- Ordered on Wednesday.
- Where
- Odisha.
- Why
- To return money to those duped by chit funds.
- Event
- Compensation order
- Beneficiaries
- 5 lakh depositors
- Led by
- CM Mohan Charan Majhi
- Timeframe
- 3-4 months