In a significant move to bolster small and medium enterprises (SMEs), the Government of Pakistan has introduced the Asaan Karobar Card Loan Scheme 2025. This initiative aims to provide interest-free financial assistance to entrepreneurs, facilitating business growth and economic development across the nation.
Table of Contents
Overview of the Interest-Free Asaan Karobar Card Loan Scheme
The Asaan Karobar Card Loan Scheme is designed to support both emerging and established businesses by offering interest-free loans. The primary objectives include:
- Encouraging Entrepreneurship: Providing financial resources to individuals aiming to start new ventures.
- Business Expansion: Assisting existing businesses in scaling operations and modernizing infrastructure.
- Economic Growth: Stimulating job creation and enhancing export potential within various sectors.
Read More: 9999 Ramzan Relief Package Registration
Loan Details and Repayment Terms
The scheme offers two tiers of interest-free loans:
| Tier | Loan Amount | Processing Fee | Repayment Tenure | Grace Period |
| Tier 1 | PKR 1 million to 5 million | PKR 5,000 | Up to 5 years | 6 months for startups; 3 months for existing businesses |
| Tier 2 | PKR 6 million to 30 million | PKR 10,000 | Up to 5 years | 6 months for startups; 3 months for existing businesses |
- Interest Rate: 0% for both tiers.
- Repayment Structure: Equal monthly installments.
- Late Payment Penalty: PKR 1 per PKR 1,000 per day on overdue amounts.
Eligibility Criteria for Asaan Karobar Card Loan Scheme
To qualify for the Asaan Karobar Card Loan Scheme, applicants must meet the following requirements:
- Age: Between 21 and 57 years.
- Identification: Valid Computerized National Identity Card (CNIC) and a registered mobile number.
- Business Location: Must own or plan to establish a business within Punjab.
- Tax Status: Active taxpayer with a clean credit history.
- Business Size:
- Small Enterprises: Annual sales up to PKR 150 million.
- Medium Enterprises: Annual sales between PKR 150 million and PKR 800 million.
Read More: Free Solar Panel Scheme Be Launched in Sindh
Required Documentation
Before initiating the application process, ensure you have the following documents ready:
- Personal Identification: CNIC and a recent passport-size photograph.
- Tax Documentation: Proof of active tax filer status.
- Business Financials: Detailed records of income and expenses.
- Property Documents: Rental agreement or ownership documents for both business and residential premises.
- References: CNIC copies and contact details of two non-relative references.
Application Process for Asaan Karobar Card Scheme
Follow these steps to apply for the Asaan Karobar Card Loan Scheme online:
- Account Creation: Register through the Punjab Information Technology Board (PITB) portal using your CNIC-linked mobile number.
- Application Form: Complete the online application form, which takes approximately 15 minutes.
- Processing Fee Payment: Pay the non-refundable processing fee:
- Tier 1: PKR 5,000
- Tier 2: PKR 10,000
- Document Submission: Upload all required documents as per the guidelines.
- Application Submission: Review and submit your application.
- Tracking Application Status: Upon submission, you will receive a registration number and SMS updates regarding your application’s progress.
Read More: Loans Under Asaan Karobar Card
Utilization of the Asaan Karobar SME Card
The Asaan Karobar SME Card facilitates:
- Vendor Payments: Seamless transactions with suppliers.
- Utility Bill Payments: Efficient settlement of operational expenses.
- Government Fee Payments: Convenient payment of necessary governmental charges.
Conclusion
The Asaan Karobar Card Loan Scheme 2025 stands as a testament to the Government of Pakistan’s commitment to fostering economic growth through empowering SMEs. By providing interest-free financial support and simplifying the application process, the scheme paves the way for entrepreneurs to thrive, thereby contributing to the nation’s prosperity. Eligible individuals and businesses are encouraged to seize this opportunity to advance their entrepreneurial aspirations.
Read More: Punjab Like Free Laptop Scheme