If you’re a resident of Punjab and looking to start or grow your small business, the Asan Karobar Scheme could be your chance to make it happen without the burden of paying interest. This initiative, launched by the Punjab Government, offers interest-free loans to help youth and small business owners move forward in their entrepreneurial journey. In this article, we’ll guide you on how to apply online, check your application status, and find out the last date to apply all in simple and easy language.
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The Asan Karobar Scheme is a financial support program started by the Government of Punjab to help people who want to run or expand their businesses. The goal is to create job opportunities, boost the local economy, and empower small business owners by providing loans without interest. Whether you already have a small business or are planning to start one — this scheme is designed to help you take the next big step.
Key Features of the Scheme
Here’s why this scheme stands out:
- Loan Amount: PKR 100,000 to 1,000,000
- Interest-Free: You only return what you borrow — no extra charges
- Repayment Period: 3 years (with a 3-month grace period)
- Usage: You can use the money for business expenses, bills, vendor payments, or even withdraw up to 25% in cash
- Digital Transactions: Funds are provided through mobile apps and POS machines for easy and secure payments
Who Can Apply? – Eligibility Criteria
To apply for the Asan Karobar Scheme, you must meet these conditions:
- Age Limit: Between 21 and 57 years old
- Residency: Must be a permanent resident of Punjab
- Business Location: The business (new or existing) must be in Punjab
- Credit History: No overdue loans or negative records
- Documents Needed:
- Valid CNIC (Computerized National Identity Card)
- Registered mobile number
- Business must be registered with PRA or FBR within 6 months of loan approval
Only one application per person or business is allowed. Also, applicants will go through a basic credit and psychometric assessment.
How to Apply for Asan Karobar Scheme Online
Follow these simple steps to submit your application online:
Step 1: Visit the Official Website
Go to: https://akc.punjab.gov.pk
Step 2: Create or Log in to Your Account
Use your CNIC and password to log in. If you haven’t registered yet, sign up by filling in your personal details.
Step 3: Complete the Application Form
Fill in the required information such as:
- Your business details
- Income sources
- Loan amount required
- How you plan to use the loan
Step 4: Upload Documents
Attach scanned copies of your CNIC and any business-related documents.
Step 5: Submit the Application
After reviewing your information, submit the form. You’ll get a confirmation message once it’s received.
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How to Check Your Application Status
Once you’ve applied, it’s important to keep track of your application. Here’s how:
- Go to the portal: akc.punjab.gov.pk
- Log in using your CNIC and password
- Click on “Application Status” in the dashboard
- You’ll see one of the following statuses:
- Pending – Under review
- Approved – You’re eligible; next steps will follow
- Rejected – You’ll see the reason and may reapply
- Documents Required – You need to upload additional information
Common Reasons for Application Rejection
Avoid these mistakes to improve your chances of approval:
- Incomplete or missing documents
- Not meeting the age or residency requirement
- Having a poor credit history or unpaid loans
- Not registering the business with PRA/FBR in time
If your application is rejected, don’t worry — you can reapply after correcting the issues.
Last Date to Apply – Don’t Miss It
Applications are usually open for a limited time. While the exact last date is not officially fixed, it’s recommended to apply as soon as possible because:
- Processing can take 4 to 6 weeks
- You may be asked to submit extra documents
- Early applications are often processed faster
✅ Tip: Keep checking the official portal regularly for updates on the deadline.
You can also read: 8171 Portal Update 2025 Check the Payment at Home
Need Help? Contact Support
If you face any technical issues or have questions about your application, here’s where to get help:
Helpline: 0800-02345
Website: akc.punjab.gov.pk
Conclusion
The Asan Karobar Scheme is a golden opportunity for anyone in Punjab looking to achieve financial independence through a small business. With zero interest, flexible repayments, and a quick online process, there’s no reason to delay.
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If you meet the eligibility, don’t wait. Visit the portal, apply online, and take that first step toward building your dream business.
FAQs
What is the main objective of the Asan Karobar Scheme?
The main goal is to support small business owners and youth in Punjab by providing interest-free loans to start or grow their businesses.
Who is eligible to apply for the Asan Karobar Scheme?
Residents of Punjab aged 21 to 57 years with no negative credit history and a registered business in Punjab can apply.
What is the loan repayment period and grace time?
The repayment period is 3 years with an additional grace period of 3 months.
How can applicants check their application status?
Applicants can log in to akc.punjab.gov.pk, go to the dashboard, and click on “Application Status”.
What documents are required for the application?
CNIC, a registered mobile number, and business documents. The business must also be registered with PRA or FBR within 6 months.