In a significant move to bolster economic growth and support entrepreneurs, the Punjab government has introduced the Asaan Karobar Finance Scheme 2025. This initiative aims to provide interest-free loans to Small and Medium Enterprises (SMEs) and startups across the province, facilitating business expansion and fostering economic stability.
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Overview of the Asaan Karobar Finance Scheme
The Asaan Karobar Finance Scheme is designed to empower local businesses by offering financial assistance without the burden of interest. The scheme is structured into two tiers:
- Tier 1: Loans ranging from PKR 1 million to PKR 5 million, with a processing fee of PKR 5,000.
- Tier 2: Loans ranging from PKR 6 million to PKR 30 million, with a processing fee of PKR 10,000.
- Both tiers offer a repayment period of up to five years, allowing businesses ample time to establish and grow their operations. Notably, these loans are entirely interest-free, underscoring the government’s commitment to supporting the private sector.
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Eligibility Criteria for Interest Free Loans Under Asaan Karobar
To qualify for the Asaan Karobar Finance Scheme, applicants must meet the following requirements:
- Age: Between 25 and 55 years.
- Business Status: Ownership of a small enterprise with annual sales up to PKR 150 million or a medium enterprise with annual sales between PKR 150 million and PKR 800 million.
- Location: Business must be situated within Punjab.
- Tax Compliance: Active tax filer with a clean credit history.
- Documentation: Valid Computerized National Identity Card (CNIC), National Tax Number (NTN), and relevant business and residential documentation.
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Application Process for Asaan Karobar Finance Scheme
Interested entrepreneurs can apply for the scheme through the following steps:
- Registration: Create an account on the Punjab Information Technology Board (PITB) portal using a CNIC-linked mobile number.
- Application Form: Complete the online application form, ensuring all required information is accurately provided.
- Processing Fee: Pay the non-refundable processing fee corresponding to the loan tier.
- Document Submission: Upload scanned copies or clear images of necessary documents, including CNIC, passport-size photograph, proof of tax filing, business income and expense details, and property documents.
- Submission: Finalize and submit the application. Applicants will receive a registration number and SMS updates regarding their application status.
Additional Support Measures
Chief Minister Maryam Nawaz Sharif has emphasized the government’s dedication to creating a conducive environment for business growth. In line with this commitment, the following measures have been announced:
- Land Allocation: Provision of land at highly subsidized rates in industrial zones for loan recipients to establish their businesses.
- Zero Time to Start Policy: Entrepreneurs can commence their businesses immediately upon loan approval, with necessary NOCs and licenses to be processed concurrently.
- Free Plot Scheme: Launching during the holy month of Ramadan, this initiative aims to provide free plots to eligible entrepreneurs, further reducing the barriers to starting a business.
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Interest Free Loans Under Asaan Karobar Finance Details at a Glance
| Loan Tier | Loan Amount | Processing Fee | Repayment Period | Interest Rate |
| Tier 1 | PKR 1M – 5M | PKR 5,000 | Up to 5 years | 0% |
| Tier 2 | PKR 6M – 30M | PKR 10,000 | Up to 5 years | 0% |
Conclusion
The Asaan Karobar Finance Scheme 2025 represents a transformative step by the Punjab government to invigorate the province’s economy by empowering SMEs and startups. By providing interest-free loans, facilitating immediate business operations, and offering additional support such as land allocation and free plots, the government is paving the way for a robust entrepreneurial ecosystem. This initiative not only aims to uplift local businesses but also aspires to set a precedent for economic development and prosperity in the region.