Punjab Karobaar Card: Apply Online For Loans Up To 30M Today!

The Punjab government has introduced the Punjab Karobaar Card Scheme to boost small and medium-sized enterprises. Its focus is to offer financial aid and necessary tools to aid in their development. With the Karobaar card, participants can receive guidance in enhancing and broadening their business ventures, consequently leading to job opportunities for the surrounding community.

The Punjab Business Card Loan Scheme has received approval from Maryam Nawaz, and eligible applicants can now access loans ranging from Rs 100,000 to Rs 30 million under this program.

Ready to take your business to the next level? Ensure eligibility and apply today for the Punjab Karobaar Card Loan Scheme, launching your own business has never been easier!

CM Punjab Introduces Karobaar Card Scheme:

The Punjab government has introduced the Asan Karobaar Loan Scheme, with a focus on boosting small and medium-sized enterprises. It is designed to offer these businesses the necessary funds and resources for their expansion.

Business card holders can receive support to enhance and broaden their business endeavors. This will also positively impact the local community by promoting job growth through the advancement of these enterprises.

According to Chief Minister Maryam Nawaz Sharif, the newly launched schemes and projects will not only offer opportunities for individuals but also have a positive impact on the provincial sector by contributing to its development and growth.

Also Read: Benazir Hunarmand Program

Get Loans of Up to 30 Million with Flexible 5-Year Repayment Plans

The choice was made in Lahore on Saturday at a meeting led by Chief Minister Maryam Nawaz. Through this program, eligible individuals can request loans ranging from Rs 100,000 to Rs 10,00,000, while medium businesses have the opportunity to receive loans up to Rs 30 million from the Punjab Government.

Under the CM Punjab Easy Business Financing Scheme, loans of up to Rs 30 million will be provided by the Chief Minister. In addition, she has called for further strategies to be developed in order to offer small and medium loans through these initiatives. Furthermore, the borrower will have a repayment period of five years and a grace period of three months after receiving the first installment of the loan.

Empowering Entrepreneurs: Aiming to Reduce Unemployment Through Innovation

The Punjab government has introduced an initiative to provide financial aid to both new and established businesses in the region. The goal of this scheme is to assist those who have been hit the hardest by the impact of COVID-19. Specifically, it aims to support entrepreneurs in the fields of manufacturing and cultural services.

The goal of these initiatives is to cultivate a business-friendly environment that fosters economic growth in the province. The government has dedicated considerable effort towards launching this program, with a strong focus on achieving two key objectives:

Fostering Entrepreneurial Spirit: Initiatives geared towards motivating individuals to launch and grow their enterprises, ultimately creating a conducive climate for entrepreneurship.
Reducing unemployment: This program offers monetary assistance to emerging companies, resulting in job opportunities, particularly for young individuals ultimately leading to a decrease in unemployment rates.
Promoting Economic Development in the Province: Assisting small enterprises contributes to the stability and expansion of the local economy.
Supporting Young Entrepreneurs: This program offers financial assistance to empower individuals to start and manage their businesses, promoting self-sufficiency.

Apply Now with a 2000 Rs Processing Fee

The application for the Asan Punjab Karobaar Card Loan Scheme will not proceed without the submission of the required application fee. For the processing to be finalized, a registration fee of Rs. 2000 must be paid, per the regulations set by the Punjab Government. Without this deposit, the application cannot move forward.

As a result of this program, individuals looking to launch a small business as well as those interested in starting a medium-scale enterprise can both seek financial assistance from it. The goal of this initiative is to provide equal opportunities for all to establish their own businesses, and the government is committed to supporting individuals at every scale.

Punjab Karobaar Card Scheme Eligibility Criteria:

To obtain a loan under the Punjab Business Card Scheme, certain eligibility requirements must be met.

Applicants must fall within the age range of 20 to 50 years.
Applicants of any gender, including male, female, and transgender identities, are eligible for the Karobaar card.
The candidate must hold Pakistani citizenship and live in Punjab.
The applicant’s CNIC card serves as proof of residence.
Your business should be situated in Punjab.
Your business can qualify if it operates as a sole proprietorship, or partnership, or meets all other eligibility criteria.
Your credit record needs to be spotless, which means having no unpaid loans or delinquencies.
As a new business, a solid and practical business plan outlining your objectives and proposed methods is essential.
If your business is already established, you will need to present a feasible strategy for safeguarding it against the effects of COVID-19.
It is crucial to possess a valid CNIC for proper identification.
PSIC or the government may also impose additional requirements during the application process.
The candidate must not hold an employment position.

How To Apply For Punjab Business Card:2025 Update!

The Punjab Business Loan Scheme, launched by Chief Minister Maryam Nawaz Sharif, offers a convenient online application process for interested individuals. This user-friendly portal allows applicants to apply for the scheme from the comfort of their own homes. Eligible candidates with internet access and a smart mobile device can simply visit the Punjab Business Loan Portal and submit their application today.

Visit the Official Website rozgar.psic.punjab.gov.pk.
Next, select the “Register” button located on the homepage.
Please provide your CNIC number, valid mobile number, and email address.
Establish a strong password, verify it, and finalize the registration procedure.
Access the portal using your registered CNIC and password. This will be the same password you created during the registration process.
Please ensure that you provide all necessary personal and business information on the Application Form. This includes your Name, address, CNIC number, and contact number, as well as your Business name, type, registration details, and location under Personal Details.
Next, insert Loan Details by specifying the desired loan amount.
Please submit clear copies of all necessary documents for upload.
You have to review your application by double-checking and Submit the application.
Once the application is submitted no changes can be made.
Upon submission, you will be sent an acknowledgment via SMS or email containing your unique Application Tracking Number (ARN). You must keep this number secure to monitor the progress of your application.
Please submit a non-refundable processing fee of Rs. 2,000 at a Bank of Punjab (BOP) branch.
The relevant authorities will review your application for verification.
Upon approval, you will receive notification regarding the loan amount and disbursement procedure. The funds will then be transferred to the bank account you have provided.

Essential Documents Checklist

The following is a comprehensive list of the required documents for your application to the Punjab Karobaar Card Loan Scheme.

Your Computerized National Identity Card (CNIC).
Your utility bills, including those for electricity, gas, and water.
The rental agreement and Domicile certificate must demonstrate your residency in Punjab.
Your document displays your business registration and either a trade license or company registration.
A comprehensive business blueprint, encompassing both objectives and an analysis of the current market.
The transaction history of your business bank account from the past half year.
Documentation, such as an income tax return or bank statement, that verifies your income.
The Easy Business Card Scheme received your loan application.
Your most recent passport-sized photo.
National Tax Number (NTN) or tax filing proof.

In Conclusion

The Punjab Business Card Loan, an initiative by the state government, offers interest-free loans ranging from Rs 100,000 to Rs 30 million to youth and entrepreneurs. It serves as a helpful tool for business expansion, contributing to the economy’s growth and job creation. The ultimate goal is to combat unemployment and encourage more individuals to embark on entrepreneurship, leading to improved livelihoods.

Take advantage of the Punjab Karobaar Card and launch your independent venture by submitting your application today. Embrace self-reliance and begin leading a life of autonomy!

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