The Punjab Government, led by Chief Minister Maryam Nawaz Sharif, has launched the Asaan Karobar Finance Scheme and Asaan Karobar Card to boost economic growth and support small and medium enterprises (SMEs). This initiative provides interest-free loans to entrepreneurs, aiming to foster business expansion and reduce unemployment in Punjab. By simplifying the loan application process and offering favorable repayment terms, the scheme ensures financial inclusion and prosperity for all.
Quick Information Table
Program Name | Asaan Karobar Finance Scheme and Asaan Karobar Card |
---|---|
Start Date | January 2025 |
End Date | Ongoing |
Loan Amount | Rs. 500,000 to Rs. 1 million (Card), up to Rs. 30 million (Finance Scheme) |
Interest Rate | Interest-Free |
Repayment Period | 3 Years |
Eligibility | Punjab residents aged 25–55, including men, women, transgender individuals, and persons with disabilities |
Application Method | Online via PITB portal |
Eligibility Criteria
To qualify for the Asaan Karobar Card Loan Scheme, applicants must meet the following conditions:
- Residency: Must be residents of Punjab.
- Age Range: Applicants should be aged 25 to 55.
- Inclusivity: Open to all genders and persons with disabilities.
- Required Documents: Valid CNIC, NTN, proof of business premises ownership or rental contract.
- Business Location: A stable business location is mandatory.
How to Apply for the Asaan Karobar Card Loan Scheme
The Punjab Information Technology Board (PITB) has made the application process seamless. Follow these steps:
- Visit the PITB Portal: Access the official website.
- Create an Account: Register using your CNIC and contact details.
- Fill Out the Form: Provide business and personal information.
- Upload Documents: Submit scanned copies of CNIC, NTN, and proof of business premises.
- Pay the Fee: A non-refundable fee of PKR 500 is required.
- Submit Application: Once verified, submit the application for digital processing.
Also Read: Punjab 50000 Roshan Gharana Program New Registration Procedure Start Everything You Need to Know
Loan Amounts and Repayment Terms
The scheme offers flexible financing options:
- Loan Amount: Rs. 500,000 to Rs. 1 million (Card); up to Rs. 30 million (Finance Scheme).
- Interest-Free Loans: All loans are free from interest charges.
- Repayment Period: Repay within three years, starting after a three-month grace period.
Benefits of the Asaan Karobar Card
- Interest-Free Financing: Relieves entrepreneurs from high interest burdens.
- Flexible Repayment Options: Easy installment-based payments.
- Inclusivity: Supports diverse groups, including marginalized communities.
- Government Support: Offers additional resources like land and solar systems.
- Digital Accessibility: Streamlined application process via PITB portal.
Conclusion
The Asaan Karobar Finance Scheme and Card represent a groundbreaking step by the Punjab Government to empower entrepreneurs and stimulate economic growth. With interest-free loans, inclusive eligibility, and user-friendly processes, this initiative offers a golden opportunity for aspiring business owners in Punjab.