Are you a small business owner or entrepreneur in Punjab looking for financial support? The Asaan Karobar Program, launched by Punjab Chief Minister Maryam Nawaz, is a game-changer for startups and growing businesses. This initiative aims to provide interest-free loans to help entrepreneurs like you take their businesses to the next level. In this article, we’ll guide you through everything you need to know about the Asaan Karobar Program, including how to register online, who can apply, and the latest updates.
Let’s make it simple for you to get started! To provide opportunities to small business owners across Punjab, the Punjab government has launched the Easy Business Card. In which loans will be given to small business owners. With this loan, they will be able to expand their business and end this period of poverty for themselves. If you are also a resident of Punjab, then you can be a part of this scheme. You will have to provide all the information on the portal given on our website.
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وزیر اعلیٰ مریم نواز: اگر 10 لاکھ روپے کی بزنس کارڈ لون اسکیم کے لیے اپلائی کرنے والے لوگوں کے لیے کریڈٹ کارڈز آگئے ہیں تو انہیں مبارک ہو، اگر وہ نہیں پہنچے تو وہ لوگ 31 مارچ 2025 تک اپنا چالان ادا کریں اور آخری مرحلہ (ذاتی گارنٹی) (جہاں سے انہوں نے اپلائی کیا تھا) مکمل کرکے چالان ادا کریں، بصورت دیگر وہ اس اسکیم کا حصہ نہیں رہیں گے۔
What is the Asaan Karobar Program?
The Asaan Karobar Program is a Punjab government initiative designed to promote small and medium enterprises (SMEs) in the region. The program offers interest-free loans to support both new startups and existing businesses. This is part of the Punjab government’s effort to foster entrepreneurship, create jobs, and boost the local economy.
The program has two main schemes:
- Asaan Karobar Finance Scheme: This scheme offers loans ranging from Rs. 1 million to Rs. 30 million.
- Asaan Karobar Card Scheme: For smaller businesses, this scheme provides loans up to Rs. 1 million through a digital SME card.
Both schemes are interest-free, making it easier for entrepreneurs to get financial support without the burden of high-interest rates. These loans can be used to start new ventures, expand existing businesses, or meet day-to-day expenses.
Eligibility Criteria for the Asaan Karobar Program
Before applying, make sure you meet the eligibility criteria. Here’s what you need to qualify for the Asaan Karobar Program:
- Age: You must be between 21 to 57 years old. (This may vary slightly depending on the scheme you’re applying for).
- Residency: You must be a resident of Punjab and have a valid CNIC (Computerized National Identity Card).
- Business Type: Whether you’re starting a new business or already have an existing small or medium-sized business, you can apply. Existing businesses should have annual sales of up to Rs. 800 million.
- Tax Status: You must be an active tax filer with either the FBR (Federal Board of Revenue) or PRA (Punjab Revenue Authority).
- No Defaults: You should not have any outstanding debts to banks or government institutions.
- Special Support for Women and Minorities: If you are a woman, transgender individual, or a person with disabilities, you may receive extra support, including lower equity requirements.
Key Benefits of the Asaan Karobar Program
Here’s why the Asaan Karobar Program stands out as one of the best opportunities for entrepreneurs in Punjab:
Interest-Free Loans: You won’t have to pay any interest on the amount you borrow. You only pay back the exact loan amount, which significantly reduces the financial strain.
Flexible Repayment Terms: The loans come with flexible repayment options. You can repay the loan in easy monthly installments over 3-5 years, making it more manageable for small businesses to repay without overwhelming financial pressure.
Quick and Easy Access: There’s no need for complicated paperwork, NOCs (No Objection Certificates), or licenses. The process is streamlined, and you can get started quickly without unnecessary delays.
Additional Benefits for Entrepreneurs
- Subsidized Land or Free Solar Systems (up to Rs. 5 million) in export zones.
- Digital Access: With the Asaan Karobar Card, you can make payments via mobile apps or POS (Point of Sale) systems.
- Withdraw Cash: You can withdraw up to 25% of your loan for small expenses, which adds flexibility to your loan usage.
You can also read: How to Apply for CM Digital Skills Program for 27,000 Women Check Eligibility Criteria
How to Register Online for the Asaan Karobar Program
Ready to apply? Here’s a step-by-step guide to help you with the online registration process. It’s simple and won’t take more than 15 minutes if you have all your documents ready.
Choose the Scheme You Want to Apply For
- For loans up to Rs. 1 million, visit akc.punjab.gov.pk (Asaan Karobar Card Scheme).
- For loans ranging from Rs. 1 million to Rs. 30 million, visit akf.punjab.gov.pk (Asaan Karobar Finance Scheme).
Gather the Required Documents
Before you start the registration process, make sure you have these documents ready:
- A clear passport-size photo or selfie.
- Copies of your CNIC (front and back).
- Mobile number linked to your CNIC.
- Two references (not relatives), with their CNIC and contact details.
- Proof of tax filing (from FBR or PRA).
- Business details like income, expenses, rent agreements, or ownership papers.
Fill Out the Online Form
- Go to the appropriate registration page.
- Click on “Register Now” and fill in your details such as name, CNIC, date of birth, and contact information.
- Create a strong password and confirm it.
- Upload all required documents and double-check everything.
Pay the Registration Fee
- Asaan Karobar Card: Rs. 500 processing fee.
- Asaan Karobar Finance: Rs. 5,000 (Tier 1) or Rs. 10,000 (Tier 2) processing fee. Note: These fees are non-refundable, so ensure you’re ready before submitting.
Submit and Track Your Application
- Once you’ve completed the form and paid the fee, click on “Submit”.
- You’ll receive a registration number via SMS and on-screen confirmation.
- Keep track of your application status through the portal or wait for SMS updates.
How Long Does It Take to Get Approved?
After submission, your application will be reviewed by the Bank of Punjab. Here’s what you can expect:
- Processing Time: Generally, it takes about 2-4 weeks for verification.
- Approval: If everything checks out, you’ll either receive your loan amount or digital card.
- Delays: Ensure all documents are correct to avoid delays in processing.
Tips for a Successful Application
To increase your chances of a successful application:
- Be Honest: Provide accurate information to avoid rejection.
- Prepare Early: Have all documents scanned and ready before applying.
- Call for Help: If you get stuck, call the helpline at 1786 for assistance.
- Track Your Progress: Save your registration number and keep an eye on your application status.
Why Choose the Asaan Karobar Program?
The Asaan Karobar Program offers an exceptional opportunity for small business owners and entrepreneurs in Punjab. Unlike many traditional loan schemes, it provides interest-free loans and easy application processes without the need for extensive approvals. Backed by the Punjab government and the Bank of Punjab, it’s a reliable and quick way to get the financial support you need to grow your business.
You can also read: CM Punjab Laptop Scheme Eligibility Criteria Check Online 2025
Conclusion
If you’re an entrepreneur in Punjab looking for financial assistance, the Asaan Karobar Program is your chance to get started without the burden of high-interest loans. With simple online registration, interest-free loans, and flexible repayment plans, this program can help you turn your business ideas into reality. Apply before March 31, 2025, and take advantage of this incredible opportunity! Visit akc.punjab.gov.pk or akf.punjab.gov.pk now to start your application!
FAQs
How Can I Check My Application Status?
Log into the registration portal with your credentials to check your application status. You can also receive updates via SMS.
What if I Don’t Have a Business Yet?
Not a problem! The program supports startups. You can apply by providing a business idea along with your plan.
Is There a Deadline to Apply?
Yes! The current deadline to apply is March 31, 2025. Make sure to apply before the cutoff to take advantage of the benefits.
Can I Apply for Both Schemes?
Yes, you can apply for both schemes separately if you meet the eligibility criteria for each.