CM Punjab Asaan Karobar Card Scheme 2025 Apply Online Complete Details

CM Punjab Asaan Karobar Card By Maryam Nawaz

This initiative is known as the Asaan Karobar Card Scheme, which offers interest-free loans to help individuals start or expand their businesses. If you’re looking to grow your business or kick-start a new venture, this scheme could be the golden opportunity you’ve been waiting for. In this article, we’ll walk you through all the essential details of the Asaan Karobar Card Scheme 2025 and how you can apply for it.

The Asaan Karobar Card is an innovative financial product launched by the Punjab government to support small business owners and entrepreneurs. This scheme offers interest-free loans ranging from Rs 100,000 to Rs 1 million, making it easier for individuals to either start a new business or expand an existing one.

Under this initiative, the government aims to promote entrepreneurship, job creation, and economic growth in the province. By providing interest-free financial assistance, the Punjab government hopes to help businesses overcome financial barriers and grow sustainably.

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How to Apply Online for the Asaan Karobar Card Scheme – Step-by-Step Guide

Applying for the Asan Karobar Card is an easy and straightforward process. Follow these simple steps to complete your application:

Our Step-by-Step Guide

Step 1: Register on the Portal

• Visit the official website: akc.punjab.gov.pk.
• Create an account by providing your basic personal details.

Step 2: Log in and Fill Out the Application Form

• After registering, log in using your CNIC and password.
• Complete the application form by providing details about your business (nature, address, contact details, etc.).

Step 3: Upload Required Documents

• Upload scanned copies of your CNIC, business documents, and any other documents requested.

Step 4: Pay Processing Fee

• A non-refundable processing fee of Rs 500 is required to complete your application. This can be paid through the online portal.

Step 5: Submit the Application

• Once everything is filled out and the fee is paid, submit your application for review.

Eligibility Criteria for the Asaan Karobar Card

To apply for the Asaan Karobar Card, you need to meet the following criteria:

1. Age and Residency:
   • You must be between 21 to 57 years of age.
   • You must be a resident of Punjab.
2. Business Status:
   • You should either have an existing business or be planning to start one in Punjab.
3. Credit History:
   • You must have a clean credit history with no overdue loans.
4. Documents Required:
   • A valid CNIC.
   • A registered mobile number.
   • Proof of business ownership (if applicable).
5. Other Conditions:
   • You should commit to registering with Federal Board of Revenue (FBR) or Punjab Revenue Authority (PRA) within six months of card issuance.

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Key Features of the Asaan Karobar Card Scheme

Here are some key highlights of the Asaan Karobar Card Scheme:

• Loan Amount: The loan offered ranges from Rs 100,000 to Rs 1 million.
• Interest-Free: The best part of this scheme is that the loan comes with zero percent interest—meaning you only repay the principal amount in easy installments.
• Flexible Repayment Period: The loan can be repaid over three years, with a grace period of three months before repayments start.
• Business-Related Usage: The funds are meant to be used for business-related expenses, such as vendor payments, utility bills, taxes, or business expansion.
• Digital Transactions: You can make payments and manage your business finances through digital platforms, including POS and mobile apps.

Repayment Terms and Conditions

• Repayment Period: The loan will be repaid in monthly installments over a period of two years, starting after a three-month grace period.
• Usage Restrictions: The loan amount must only be used for business-related purposes such as paying suppliers, covering utility bills, or expanding operations.
• Late Payment Charges: In case of delayed payments, a late fee will be charged at a rate of PKR 1 per 1,000 rupees per day.

Benefits of the Asaan Karobar Card Scheme

Here’s a look at some of the key benefits of the Asaan Karobar Card Scheme:

• Interest-Free Financial Support: This is perhaps the most attractive feature of the scheme. You get access to capital without the burden of interest.
• Empowering Small Entrepreneurs: The scheme encourages entrepreneurship by making it easier for small business owners to access funds for growth.
• Flexible Terms: With a three-month grace period and easy monthly installments, repayment is manageable and stress-free.
• Boosting Punjab’s Economy: By supporting small businesses, the scheme helps in creating jobs, increasing productivity, and contributing to the economic growth of Punjab.
• Digital Payment Facilities: The use of digital transactions makes it convenient for businesses to manage their finances in a modern way.

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Usage Guidelines for the Asaan Karobar Card

The funds you receive through the Asaan Karobar Card can be used in a variety of ways, including:

• Vendor and Supplier Payments: Pay for the goods or services you need to run your business.
• Utility Bills: Cover your business’s electricity, water, and other essential utility bills.
• Business Expansion: Use the funds to upgrade your business infrastructure or expand operations.
• Tax Payments: Use the card for paying taxes and other government-related fees.
• Cash Withdrawals: You can withdraw up to 25% of the total loan amount for business-related expenses.

Additional Support for Applicants

In addition to the loan, the Punjab government offers feasibility studies and advisory services to assist entrepreneurs in starting or expanding their businesses. These resources are available online through the Punjab Small Industries Corporation (PSIC) and Bank of Punjab (BOP) websites.

Conclusion

The Asaan Karobar Card Scheme is a wonderful opportunity for aspiring entrepreneurs and small business owners in Punjab. By offering interest-free loans, flexible repayment terms, and a simple application process, this initiative is designed to make business financing more accessible. Whether you’re looking to start a new business or expand an existing one, the Asaan Karobar Card could be the key to your success.

If you meet the eligibility criteria, don’t miss out on this chance to grow your business. Apply online today and take the first step toward financial independence and economic empowerment in Punjab.

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