The Asaan Karobar Finance scheme is an initiative designed to support small business owners in Pakistan by providing easy financing options. This program is aimed at encouraging entrepreneurship and helping individuals who wish to establish or expand their businesses. In this article, we will discuss the fee amount associated with the Asaan Karobar Finance scheme and provide detailed information on how to submit the necessary documentation for application.
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What is the Asaan Karobar Finance Scheme?
The Asaan Karobar Finance scheme is a loan program introduced by the government of Pakistan, offering financial assistance to small businesses at low-interest rates. The primary objective of this program is to empower individuals to set up or expand their businesses, contributing to the overall economic growth of the country.
The scheme primarily targets entrepreneurs, especially those from low-income backgrounds, with flexible repayment options. The loan amount can be used for various purposes, including the purchase of machinery, working capital, and other business expenses.
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Eligibility Criteria for Asaan Karobar Finance
Before discussing the fee structure, it’s important to understand the eligibility criteria for the scheme. To apply for Asaan Karobar Finance, the applicant must:
- Be a Pakistani citizen.
- Be between the ages of 21 and 45 years.
- Own or plan to start a small business.
- Have a good credit history.
- Meet the business criteria set by the financial institutions offering the loan.
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Asaan Karobar Finance Fee Amount
The Asaan Karobar Finance scheme charges a nominal fee for the loan processing. The exact fee amount can vary depending on the loan amount and the financial institution handling the loan. However, it is generally a small percentage of the total loan amount. Here is a breakdown of the typical fee structure:
| Loan Amount | Fee Percentage | Estimated Fee |
| PKR 100,000 | 2% | PKR 2,000 |
| PKR 500,000 | 2% | PKR 10,000 |
| PKR 1,000,000 | 2% | PKR 20,000 |
| PKR 2,000,000 | 2% | PKR 40,000 |
How to Submit Your Application for Asaan Karobar Finance
Submitting your application for the Asaan Karobar Finance scheme is a straightforward process. Here’s a step-by-step guide on how to apply and submit the required documentation:
Step 1: Visit the Official Website
- To start the application process, visit the official Asaan Karobar Finance website. You will find a detailed application form and all the necessary guidelines for submitting your application.
Step 2: Complete the Application Form
Fill out the application form with accurate personal details, including:
- Full name
- CNIC number
- Contact information
- Business details
- Desired loan amount
Step 3: Submit Required Documents
Along with your application form, you will need to submit several supporting documents. These typically include:
- Copy of CNIC
- Business plan (if applicable)
- Proof of business ownership (if you own an existing business)
- Bank statement for the last 6 months
- Proof of income
- Any additional documents as per the requirements of the financial institution
Step 4: Pay the Fee
- Once the application form is completed and all documents are ready, pay the processing fee. This fee is generally paid through bank transfer, credit/debit card, or through a payment gateway on the website. Ensure that you keep a receipt of the payment for your records.
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Step 5: Await Approval
- After submitting the application and paying the fee, the financial institution will process your application. They will verify your documents, and if everything is in order, they will approve your loan.
Step 6: Disbursement of Funds
- Once approved, the loan amount will be disbursed into your bank account. You can then use the funds for your business needs as per the terms and conditions.
Conclusion
The Asaan Karobar Finance scheme offers an excellent opportunity for aspiring entrepreneurs to kick-start or expand their small businesses. The fee structure is affordable, and the application process is simple and user-friendly. By understanding the fee amount and submission process, applicants can easily navigate the system and receive the financial support they need to succeed in their business ventures.
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FAQs
What is Asaan Karobar Finance?
It’s a loan scheme designed to help small business owners in Pakistan with low-interest loans to start or expand their businesses.
How much is the fee for the loan?
The fee is usually around 2% of the loan amount. For example, if you apply for a loan of PKR 500,000, the fee would be PKR 10,000.
How can I submit my application?
You can apply online by visiting the official website, filling out the application form, and submitting the required documents.
What documents are required to apply?
You will need a copy of your CNIC, business plan (if applicable), proof of income, and other documents as per the requirements.
How do I pay the fee?
The fee can be paid online using a bank transfer or credit/debit card.
How long does it take to get the loan?
After submitting your application, it takes about 2-3 weeks to get the loan approved and the funds disbursed.
Can I apply for this loan if I already have a business?
Yes, the scheme is available for both new and existing businesses.
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