In the Punjab province of Pakistan, two schemes have been launched by the Punjab government. Both have different features, Asan Karobar Card Scheme and the Asan Karobar Finance Scheme, both of these schemes have been launched which will provide loans to small businesses. Today, in this article, we will tell you about these two schemes and how you can get a loan from these schemes.
To get a loan from home, your business should be in Punjab because this scheme has been launched by the Punjab government. Today, in this article, we will tell you how to register in these two schemes and which of these two schemes is better for you.
What is the Asaan Karobar Card Scheme?
The Asaan Karobar Card Scheme is a quick and easy way for small business owners and entrepreneurs to access financial support. This scheme allows business owners to obtain a loan by using a special Asaan Karobar Card.
You can also read: Loan Amount Issued to People Registered in the Asan Karobar Finance Scheme 2025
Key Features of the Asaan Karobar Card Scheme:
- Instant Loan Access: The scheme offers a simplified process for loan disbursement. Business owners can easily access funds with the card, making it a convenient option for those who need immediate financial assistance.
- Target Audience: This scheme is tailored for small businesses and entrepreneurs looking for small loan amounts to manage their daily business operations or make quick business decisions.
- Loan Amount: The loan amounts offered through this scheme are typically smaller compared to the Asaan Karobar Finance Scheme, making it ideal for businesses with smaller financial needs.
- Repayment Terms: The loan is repaid straightforwardly, and while it has a quick processing time, the repayment term is usually shorter.
What is the Asaan Karobar Finance Scheme?
The Asaan Karobar Finance Scheme, on the other hand, is a more comprehensive financial support option aimed at larger loans for entrepreneurs and small businesses. This scheme offers interest-free loans to support long-term business growth and expansion.
Key Features of the Asaan Karobar Finance Scheme:
- Interest-Free Loan: The most attractive feature of the Asaan Karobar Finance Scheme is that it provides 0% interest loans. This makes it one of the most appealing financial support options for small business owners.
- Loan Amount: This scheme allows business owners to access loans ranging from Rs 1 million to Rs 3 crore, making it suitable for those who need a larger sum to scale up their business or invest in infrastructure.
- Repayment Period: The repayment period is longer compared to the Asaan Karobar Card Scheme, with a repayment time of up to five years. This gives businesses the flexibility to repay the loan in manageable monthly installments.
- Target Audience: This scheme is designed for business owners who require larger financial assistance for expansion, capital investment, or any long-term business development needs.
Key Differences Between the Two Schemes
Now that we understand the basic features of both schemes, let’s break down the main differences to help you decide which one suits your needs best.
1. Loan Type and Amount
- Asaan Karobar Card Scheme: This scheme offers smaller loan amounts and is designed for businesses with short-term financial needs. It provides quick access to funds, making it perfect for smaller businesses that require less capital.
- Asaan Karobar Finance Scheme: This scheme caters to businesses that need larger loans, with amounts ranging from Rs 1 million to Rs 3 crore. It is intended for long-term business growth, which includes things like expansion, new product development, or infrastructure improvements.
2. Application Process
- Asaan Karobar Card Scheme: The application process is simpler and quicker. Business owners can get access to funds almost instantly with the use of a card. There’s less paperwork and quicker processing for small-scale needs.
- Asaan Karobar Finance Scheme: This scheme involves a more detailed online application process. Applicants need to submit documents such as CNIC, NTN, and business information. The approval process takes longer due to the larger loan amounts and more thorough vetting process.
3. Repayment Terms
- Asaan Karobar Card Scheme: The repayment term for loans under this scheme is typically shorter. The repayment schedule is monthly but may have stricter terms since the loan amount is smaller and is designed for immediate business needs.
- Asaan Karobar Finance Scheme: Repayment is longer and more flexible. Business owners have up to five years to repay the loan, which makes it a more suitable option for businesses seeking larger sums for long-term investment.
4. Interest Rates
- Asaan Karobar Card Scheme: While the card allows easy access to loans, the interest rate may not be as low as the Asaan Karobar Finance Scheme. This could include small processing fees (specific details depend on the scheme’s terms).
- Asaan Karobar Finance Scheme: The standout benefit of this scheme is that it offers 0% interest loans. This makes it an excellent option for businesses that want to avoid the additional financial burden of interest charges.
5. Target Audience
- Asaan Karobar Card Scheme: Ideal for small business owners who need quick, immediate financial assistance for short-term goals. If your business requires smaller amounts of capital for operations, this scheme is a great fit.
- Asaan Karobar Finance Scheme: Perfect for larger-scale businesses that require significant funding for expansion, growth, or a long-term investment. If you’re looking to grow your business sustainably, this scheme offers more substantial support.
You can also read: Punjab Government Launches Asan Karobar Scheme to End Unemployment
Which Scheme Should You Choose?
Choosing between the Asaan Karobar Card Scheme and the Asaan Karobar Finance Scheme depends on the nature and needs of your business. Here’s a quick guide to help you make the right decision:
- Choose the Asaan Karobar Card Scheme if:
- You need quick access to smaller loans.
- Your business requires short-term financial support for daily operations.
- You prefer a simpler and faster application process.
- Choose the Asaan Karobar Finance Scheme if:
- Your business needs larger amounts of capital for expansion or long-term growth.
- You prefer a zero-interest loan with a flexible repayment period of up to five years.
- You are ready for a more comprehensive application process with greater financial support.
Conclusion
Both the Asaan Karobar Card Scheme and the Asaan Karobar Finance Scheme are excellent options for small business owners and entrepreneurs in Punjab. The choice between the two ultimately depends on the size of the loan you need, your repayment capacity, and the nature of your business goals. The Asaan Karobar Card Scheme offers a quick and easy way to access smaller amounts of funding, while the Asaan Karobar Finance Scheme provides larger loans with longer repayment periods and 0% interest.
You can also read: Latest News: Maryam Nawaz Approves Asan Karobar Finance Scheme 2025
Before you apply, make sure to evaluate your business needs carefully, and choose the scheme that best aligns with your goals. Both schemes are designed to help businesses succeed, so don’t miss out on the opportunity to get the support you need to take your business to the next level.
FAQs
What is the Asaan Karobar Card Scheme?
- The Asaan Karobar Card Scheme is a financial support option for small business owners and entrepreneurs, offering quick access to loans through a special Asaan Karobar Card. It is designed for small loan amounts and short-term financial needs.
What are the key features of the Asaan Karobar Card Scheme?
- Instant loan access, targeted at small businesses and entrepreneurs, smaller loan amounts compared to the Asaan Karobar Finance Scheme, and shorter repayment terms.
What is the Asaan Karobar Financ Scheme?
- The Asaan Karobar Finance Scheme provides interest-free loans aimed at supporting business growth and long-term investment. It offers larger loan amounts ranging from Rs 1 million to Rs 3 crore and has a longer repayment period.
How do the loan amounts differ between the two schemes?
- The Asaan Karobar Card Scheme offers smaller loans suited for short-term financial needs, while the Asaan Karobar Finance Scheme offers larger loans for long-term business growth, ranging from Rs 1 million to Rs 3 crore.
What are the repayment terms for both schemes?
- The Asaan Karobar Card Scheme has a shorter repayment term with monthly installments, while the Asaan Karobar Finance Scheme has a longer repayment period of up to five years with more flexibility.
Which scheme offers 0% interest loans?
- The Asaan Karobar Finance Scheme offers 0% interest loans, making it an appealing option for businesses looking to avoid interest charges.
How should a business owner choose between the two schemes?
- Choose the Asaan Karobar Card Scheme for quick access to smaller loans for daily operations or short-term financial support. Choose the Asaan Karobar Finance Scheme if your business needs larger loans for expansion, long-term growth, or investment, and if you prefer a zero-interest loan with flexible repayment terms.