Patna: Bihar will set up two special courts to dispose off cases relating to defrauding of small investors by the absconding Non-Banking Finance Companies (NBFCs), Deputy Chief Minister Sushil Kumar Modi said on Friday.

Presiding over a high-level meeting with finance department officials, he said two special courts be set up in Patna to expedite trial of the cases related to defrauding of money of the small investors by the NBFCs.

Modi, who also holds finance portfolio, asked the officials to take strict action against NBFCs like the JVG, Peerless, Helius, Badrika Plantation and other such companies for "duping small investors of their hard-earned savings".

The finance department officials apprised the Deputy Chief Minister that an amount of Rs 2.12 crores has been recovered from 19 NBFCs and returned to 1232 small investors who had invested in these finance companies.