Agartala, July 24: The Tripura government has officially launched a scheme to refund deposits to individuals defrauded by chit fund companies.

The scheme was notified in the state government gazette and presented before the High Court of Tripura during the hearing of a public interest litigation on Tuesday.

The government formulated the scheme to restore and distribute the recovered money to affected depositors.

According to an affidavit submitted by the government, over ₹10.78 crore has been collected so far through auctions of properties seized from the accused chit fund companies.

During the court proceedings, amicus curiae Purusottam Roy Burman urged the government to publish details of the scheme in local newspapers, including editions in Bengali and Kokborok—the language of the indigenous communities in the state.

Acknowledging the importance of public awareness, Advocate General Shaktimoy Chakraborty confirmed that the government is prepared to publicise the scheme through newspapers.

Taking note of the request, the division bench comprising Chief Justice M.S. Ramachandra Rao and Justice M.B. Purakayastha directed the state government to publish all essential information related to the scheme in four prominent local newspapers, including a leading vernacular daily.

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