The Government of Punjab has recently unveiled the detailed monthly installment plan for Asaan Karobaar Card Scheme 2025, aiming to empower small entrepreneurs across the province. This initiative provides interest-free loans of up to PKR 1 million, facilitating business growth and economic development.
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Table of Contents
Key Features of the Asaan Karobaar Card Scheme
- Loan Limit: Up to PKR 1 million
- Loan Tenure: 3 years
- Loan Type: Revolving credit facility for 12 months
- Interest Rate: 0%
Key Details
| Details | Information |
| Application Start Date | January 1, 2025 |
| First Installment Due | April 1, 2025 (3-month grace period) |
| Loan Limit Access | 50% of the approved amount available in the first 6 months; the remaining 50% upon meeting compliance requirements |
| Repayment Method | Monthly installment of 5% of the utilized amount during the first year; remaining balance repaid in equal monthly installments over the next 2 years |
| Last Application Date | December 31, 2025 |
| Eligibility Age | 21-57 years |
Eligibility Criteria for the Asaan Karobar Card Scheme
To qualify for the Asaan Karobar Card, applicants must meet the following requirements:
- Age: 21 to 57 years
- Residency: Pakistani national residing in Punjab
- Identification: Valid CNIC and mobile number registered in the applicant’s name
- Business Location: Existing or prospective business located in Punjab
- Credit Assessment: Satisfactory credit and psychometric evaluation
- Credit History: No overdue loans or defaults
- Application Limit: One application per individual and business
- Tax Registration: Mandatory registration with PRA or FBR within six months of card issuance
Read More: Check Your Application Status in Asaan Karobar Card
Loan Usage and Repayment Details
The loan is structured to support various business-related expenses:
- Permissible Uses:
- Payments to vendors and suppliers
- Utility bills, government fees, and taxes
- Cash withdrawals up to 25% of the limit for miscellaneous business purposes
- Restricted Uses:
- Non-business-related transactions such as personal expenses and entertainment
Repayment Schedule
The repayment plan is designed to be flexible and supportive of business cash flows:
- Initial Limit Access:
- First 50% of the loan limit is available for use within the first 6 months.
- Grace Period:
- A 3-month grace period is provided after card issuance before repayments begin.
- Monthly Installments:
- After the grace period, borrowers are required to make monthly payments of at least 5% of the outstanding loan balance (principal only).
- Additional Limit Access:
- The remaining 50% of the loan limit is released upon satisfactory usage, timely repayments, and registration with PRA/FBR.
- Full Repayment:
- The remaining balance after the first year is to be repaid over the next 2 years in equal monthly installments (EMIs).
Read More: Asaan Karobar Scheme: How to Reapply Your Application
Application Process for the Asaan Karobar Card Scheme
Interested individuals can apply for the Asaan Karobar Card through the following steps:
- Online Application:
- Submit an application via the PITB portal.
- Processing Fee:
- A non-refundable processing fee of PKR 500 is required.
- Verification:
- Digital verification of CNIC, creditworthiness, and business premises will be conducted by authorized agencies.
Conclusion
The Asaan Karobar Card Scheme 2025 is a significant initiative by the Government of Punjab to bolster small enterprises through interest-free loans and a structured repayment plan. By providing financial support and promoting responsible borrowing, the scheme aims to foster economic growth and entrepreneurship in the region.