In a significant move to bolster economic growth and empower entrepreneurs, the Punjab government has introduced the Asaan Karobar Card Scheme and Asaan Karobar Finance Scheme. This initiative offers interest-free loans ranging from PKR 1 million to PKR 30 million, aiming to support small and medium-sized enterprises (SMEs) across the province.
Table of Contents
Tiers and Details
| Tier | Loan Amount | Security | Repayment Period | Application Fee |
| Tier 1 | PKR 1 million to 5 million | Personal guarantee | Up to 5 years | PKR 5,000 |
| Tier 2 | PKR 6 million to 30 million | Property or asset-based | Up to 5 years | PKR 10,000 |
Key Features:
- Interest Rate: 0%
- Grace Period:
- New businesses: Up to 6 months
- Existing businesses: Up to 3 months
- Equity Contribution:
- None for Tier 1, except for leased vehicles (25%)
- For other cases under Tier 1 and Tier 2: 20%
- Women, transgender, and differently-abled persons: 10%
- Late Fees: PKR 1 per PKR 1,000 overdue per day
- Additional Costs:
- No yearly fees for new or eco-friendly businesses
- Existing businesses in Tier 2: 3% per year
- Legal, insurance, and registration costs are extra
Read More: CM Punjab Asaan Karobar Card Login
Eligibility Criteria for the Asaan Karobar Scheme
To qualify for the Asaan Karobar Finance Scheme, applicants must:
- Be between 25 to 55 years of age
- Have a valid Computerized National Identity Card (CNIC) and National Tax Number (NTN)
- Be regular taxpayers with no history of bad credit
- Own or rent business premises in Punjab
- Ensure both residential and business addresses are within Punjab
Read More: Asaan Karobar Finance Register Now at Portal
Application Process for the Interest-Free Loans of 1-30 Million Under Asaan Karobar Scheme
Follow these steps to apply for the loan:
- Preparation: Gather necessary documents, including:
- Passport-size photograph or selfie
- Scanned copies of CNIC (both sides)
- Mobile number registered under your name
- Details of two non-relative references
- Tax filing status and business documents (income, expenses, proof of premises)
- Registration: Visit the official Asaan Karobar portal at https://akc.punjab.gov.pk/landing and create an account using your CNIC-linked mobile number.
- Application Form: Complete the online application form, which takes approximately 15 minutes. You can save and return to it if needed.
- Document Upload and Fee Payment: Upload all required documents and pay the non-refundable application fee (PKR 5,000 for Tier 1 and PKR 10,000 for Tier 2).
- Submission and Tracking: After submission, you’ll receive a registration number via screen and SMS. Track your application status through SMS updates or on the portal.
Benefits
Interest-Free Loans – Borrow up to PKR 30 million without any interest.
Easy Repayment – Pay back in small monthly installments over up to 5 years.
Business Growth – Use funds to start, expand, or upgrade your business.
No Hidden Charges – Only a small processing fee; no extra costs.
Supports Small Businesses – Specially designed for SMEs and startups.
Quick & Easy Application – Online process, minimal paperwork.
Government Backed – Reliable and secure loan scheme.
Women & Youth Friendly – Encourages young entrepreneurs and female business owners.
Conclusion
The Asaan Karobar Finance Scheme is a groundbreaking initiative by the Punjab government to empower SMEs through substantial, interest-free financial support. By providing accessible loans and comprehensive assistance, the scheme aims to foster entrepreneurship, generate employment, and stimulate economic development across the province. Entrepreneurs are encouraged to seize this opportunity to establish or expand their businesses, contributing to a prosperous future for Punjab.
Read More: Asaan Karobar Card Application Form
FAQs
What is the application submission deadline for the Asaan Karobar Finance Scheme?
As of now, the Punjab government has not announced a specific deadline for applications. It’s advisable to apply promptly to take advantage of the scheme.
How long does the application process take?
Filling out the online application form takes approximately 15 minutes.
Can I save my application and continue later?
Yes, the portal allows you to save your progress and return to complete the application at your convenience.
How can I check the status of my application?
You will receive updates via SMS. Additionally, you can log in to the Asaan Karobar portal to track your application status.