Asaan Karobar Finance Scheme is an interest-free loan program for Punjab entrepreneurs and small business owners. The scheme seeks to break down financial barriers to entrepreneurship, help economies grow, and create jobs.
- Promote industrialization.
- Empower small and medium enterprises (SMEs).
- Drive economic development in Punjab.
How to Apply for the Asaan Karobar Finance Scheme
Follow these simple steps to apply for the scheme online:
- For the Asaan Karobar Finance Scheme: akf.punjab.gov.pk
- For the Asaan Karobar Card: akc.punjab.gov.pk
- Enter your CNIC, business details, and contact information.
- Valid CNIC.
- If owned by a business, proof of business ownership.
- Other relevant documents, along with a mobile number, were requested.
- The program removes the hassle and makes it easy by doing away with No Objection Certificates (NOCs), business blueprints, or licenses.
- Once you have submitted your application, your application will be reviewed by the Bank of Punjab.
- You will be notified once approved, and your loan amount will be disbursed.
- If you need any help, contact the helpline at 1786.
Scheme Eligibility Criteria
To qualify for the Asaan Karobar Finance Scheme, applicants must meet the following requirements:
- Must be at least legal age and/or have valid CNIC.
- Must be a resident of Punjab.
- If you are an existing business owner or a budding entrepreneur.
- Applicants should not have an active loan from similar government programs.
- Priority may be given to businesses in high-growth areas, such as export processing zones.
Asaan Karobar Finance Scheme Features
- The loans go from Rs 1 million to Rs 30 million at zero interest.
- Easy installments are repayable at your convenience.
- That requires no NOCS, licenses, or blueprints and obviates bureaucratic hurdles.
- Growth in different sectors, but particularly SMEs.
- It also gives subsidized land rates for businesses in Punjab.
- The venture provides solar systems worth Rs 500,000 free of cost to businesses in export processing zones to promote sustainable operation.
Asaan Karobar Card Benefits
The Asaan Karobar Card is a supplementary finance scheme that provides smaller loans between Rs 500,000 and Rs 1 million. As with the main scheme, it is interest-free and simple to apply for. Entrepreneurs who require quick and low-value loans to boost their operations should choose this option.
The Asaan Karobar Finance Scheme is poised to transform Punjab’s economy by:
- Empowering SMEs.
- Creates new job opportunities.
- Driving local manufacturing.
- Encouraging exports.
CM Maryam Nawaz’s initiatives are necessary to create a diverse and inclusive economy and foster entrepreneurship and industrial modernization.
FAQs
How much of a loan is under the scheme?
You can get a loan from Rs. 1 million to Rs. 30 million according to your business needs.
Do I need any special approvals?
There is no need for NOCs, licenses, or blueprints to apply.
How do I apply?
You can go to akf.punjab.gov.pk or akc.punjab.gov.pk and apply. Fill out the form and provide your documents.
Is the loan interest-free?
Yes, all loans under the scheme are totally interest-free.
