The Asaan Karobar Finance Scheme is a groundbreaking initiative launched by Punjab Chief Minister Maryam Nawaz to support entrepreneurs and Small & Medium Enterprises (SMEs). This scheme provides interest-free loans ranging from PKR 1 million to PKR 30 million to help startups and existing businesses grow in Punjab.
Key Highlights of Asaan Karobar Finance Scheme
- Loan Amount: PKR 1 million – PKR 30 million
- Interest Rate: 0% (Completely Interest-Free)
- Repayment Tenure: Up to 5 years
- Grace Period: 6 months for startups, 3 months for existing businesses
- Disbursement Bank: Bank of Punjab
- Application Mode: Online via PITB portal
CM Maryam Nawaz’s Vision for Economic Growth
During the launch ceremony in Lahore, CM Maryam Nawaz emphasized that this is Punjab’s first-ever interest-free business loan program, designed to boost economic growth and support budding entrepreneurs. She also announced that subsidized land would be provided for new businesses.
Interest-Free Loans for Entrepreneurs
Several entrepreneurs have already received financial assistance under this scheme. Some notable beneficiaries include:
- Asif (Faisalabad): PKR 30 million for a pharmaceutical business.
- Wajahat Fareed (Rawalpindi): PKR 30 million for a software house.
- Arshad (Lahore): PKR 30 million for a sports export business.
- Ali Asif (Sahiwal): PKR 5 million for a furniture business.
- Shabbir (Lahore): PKR 5 million for a salon and cosmetics business.
Also Read: Punjab Government Free 3-Marla Plot Scheme
Loan Details & Repayment Terms
The Asaan Karobar Finance Scheme offers two tiers of interest-free loans:
Tier 1: Small Business Loans
- Loan Amount: PKR 1 million – PKR 5 million
- Processing Fee: PKR 5,000
Tier 2: Medium Business Loans
- Loan Amount: PKR 6 million – PKR 30 million
- Processing Fee: PKR 10,000
Repayment Terms
- 0% Interest Rate
- Repayment Period: Up to 5 years
- Grace Period: 6 months for startups, 3 months for existing businesses
- Late Payment Fee: PKR 1 per PKR 1,000 per day
Also Read: Punjab Government Free 3-Marla Plot Scheme
Eligibility Criteria for Asaan Karobar Scheme
To apply for the Asaan Karobar Finance Scheme, applicants must meet the following requirements:
- Age: 21 – 57 years
- Valid CNIC & Registered Mobile Number
- Business Location: Must be in Punjab
- Tax Filer Status: Must be a registered tax filer
- Credit History: No outstanding defaults
- Business Revenue Eligibility:
- Small businesses: Annual sales up to PKR 150 million
- Medium-sized businesses: Annual sales between PKR 150 million – PKR 800 million
Required Documents for Application
Before applying, ensure you have scanned copies or clear images of the following:
- CNIC & Passport-Sized Photograph
- Tax Filing Proof
- Business Income & Expense Details
- Property Documents or Rent Agreement
- References’ CNIC Copies & Contact Details
Also Read: Punjab Government Free 3-Marla Plot Scheme
How to Apply for Asaan Karobar Finance Scheme?
Follow these simple steps to apply for interest-free business loans:
Step 1: Register Online
- Visit the Punjab Information Technology Board (PITB) portal.
- Register using your CNIC-linked mobile number.
Step 2: Fill Out the Application Form
- Allocate at least 15 minutes to complete the form accurately.
Step 3: Pay Processing Fee
- Tier 1: PKR 5,000
- Tier 2: PKR 10,000
Step 4: Upload Required Documents
- Submit scanned copies of necessary documents.
Step 5: Submit & Track Application
- Receive a registration number and SMS updates on your application status.
Usage of Asaan Karobar SME Card
The Asaan Karobar SME Card can be used for:
- Vendor Payments
- Utility Bills
- Government Fees
Also Read: Punjab Government Free 3-Marla Plot Scheme
Note: Cash withdrawals are limited to 25% of the loan amount. Borrowers must register with the Punjab Revenue Authority (PRA) or Federal Board of Revenue (FBR) within six months of receiving the card.
For more details and online applications, visit: akc.punjab.gov.pk/cmpunjabfinance
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FAQs About Asaan Karobar Finance Scheme
What is the minimum and maximum loan amount?
- Loans range from PKR 1 million to PKR 30 million, depending on business requirements.
Can women entrepreneurs apply?
- Yes! Women entrepreneurs are encouraged to apply and receive equal support.
Are there any hidden charges?
- No, the scheme is 100% transparent with no hidden charges.
How long does it take to process an application?
- The typical processing time is 2–4 weeks.
What happens in case of loan default?
- The government follows a lenient policy but advises timely repayments to avoid penalties.
Start your business journey today! Apply now and secure interest-free financing with Asaan Karobar Finance Scheme 2025.
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