How To Apply For Asan Karobaar Program 2025: Full Eligibility!

The Asan Karobar Scheme presents a prime chance for aspiring entrepreneurs in Punjab, offering interest-free loans to SMEs. The CM of Punjab has assured that these loans will be attainable without the need for any NOC or license, simplifying the process of embarking on a business venture.

The eligibility criteria for the scheme have been simplified for 2025, allowing small business owners to reap its benefits.

This article will provide you with information on the application process for the Punjab Business Finance loan scheme, necessary documentation, and eligible ways to utilize the funds.

CM Punjab’s Asan Karobaar Scheme: Interest-Free Loans for SMEs – Apply Now

Maryam Nawaz, the Chief Minister, has introduced the Punjab Asan Business Finance and Card Schemes with the goal of supporting business endeavors within the province.

وزیر اعلیٰ مریم نواز نے صوبے میں کاروباری کوششوں کو سپورٹ کرنے کے لیے پنجاب آسان بزنس فنانس اینڈ کارڈ سکیم متعارف کرائی ہیں۔ افتتاحی تقریب سے خطاب کرتے ہوئے، انہوں نے اعلان کیا کہ آسن کاروبار کارڈ سکیم 500,000 روپے سے 30 ملین روپے تک کے بلاسود قرضے فراہم کرے گی۔ قرضوں میں آسان اقساط میں ادائیگی کے لچکدار اختیارات ہوں گے۔ اپنے سابقہ بیان کے علاوہ، مریم نواز نے ذکر کیا کہ چھوٹے کاروبار شروع کرنے کے خواہشمند افراد کے لیے زمین کو محفوظ بنانے کے لیے انتہائی رعایتی نرخوں کی پیشکش کی جائے گی۔ ان کے مطابق، پنجاب میں فنانس سکیم ایک اہم سنگ میل کی نشاندہی کرتی ہے کیونکہ یہ 30 ملین روپے تک کے بلاسود قرضوں کی پیشکش کرتی ہے، جو چھوٹے کاروباروں کو آسانی کے ساتھ شروع کرنے کا ایک اہم موقع فراہم کرتی ہے۔

While speaking at the opening event, she announced that the Asan Karobar Card Scheme will provide interest-free loans ranging from Rs 500,000 to Rs 30 million. The loans will have flexible repayment options in easy installments.

In addition to her previous statement, Maryam Nawaz mentioned that highly subsidized rates will be offered to secure land for those looking to launch small businesses.

According to her, the finance scheme in Punjab marks a significant milestone as it offers interest-free loans of up to Rs 30 million, providing a vital opportunity for small businesses to kickstart with ease.

Punjab Finance Scheme 2025: Complete Eligibility Criteria & Requirements

To be considered for the Asan Karobar Scheme, certain eligibility criteria must be met. The program is designed for aspiring entrepreneurs and those looking to grow their current businesses. Prospective applicants must satisfy the specified qualifications:

The age range should fall between 21 and 57 years.
The CNIC number of the loan applicant must be registered in his/her name.
It is important that applicants have a valid and registered mobile number.
The ideal candidate should either currently possess a business in Punjab or have plans to establish an electricity-related enterprise. It is also necessary for them to have a suitable location for the business.
You must be a punctual tax filer.
The applicant must have a clean credit history.
Residential references and essential documents must be provided in all instances.

How to Apply for Asan Karobar Finance Scheme Online via the Portal

The Punjab Asan Karobar Scheme has a straightforward application process to ensure convenience for entrepreneurs and business owners. The steps involved include creating an account, submitting necessary documents, and tracking the application status.

Be sure to have all necessary documents prepared and complete each step correctly to improve your chances of approval. See below for a detailed, step-by-step guide.

To begin, visit the PITB portal at https://akc.punjab.gov.pk/login. Then, simply register using the mobile number linked to your CNIC.
Next, complete the Application Form.
Upon logging in, set aside 15 minutes to complete the application form.
Be sure to input all necessary data correctly for a seamless experience.
Please remit the non-refundable Processing Fee for your chosen loan tier. Tier 1 requires a fee of Rs 5,000, while Tier 2 requires a fee of Rs 10,000.
Carefully review your form once.
Please submit the necessary documents such as a copy of your CNIC, Proof of tax filing, Business income/expenses, and any other relevant paperwork.
Submit the application when completed.
Following submission, an SMS will be sent to you containing your registration number.
You will also be kept informed of your application’s status through SMS updates.
Utilize the portal to monitor your application’s progress and receive updates upon loan approval.

Essential Documents for CM Karobaar Program Application

Before submitting your application, it is essential to have digital versions of any required documents in the form of scanned copies or clear images. To facilitate a seamless processing of your application, the following documents should be prepared:

Please provide a copy of your reference’s CNIC along with their contact information.
A copy of your CNIC and a passport-sized picture.
The individual should provide evidence of their tax filing status, which can be obtained from either their tax return or other relevant documentation.
Documentation of your business’s earnings and expenditures.
If you have any rental agreements or property documents related to your business or residence, please include those as well.

Loan Repayment Terms, Late Fees, and Charges

“Under the Easy Business Finance Loan Scheme, monthly repayments will be made in equal installments as per the agreed terms at the time of approval.”

This facilitates the boards to conveniently establish their financial plans. In case of delayed payment, a late fee of Rs. 1,000 will be applied daily and will progressively accrue with each passing day.

For the loan to be handled quickly and to avoid any administrative fees, you must make your payments on schedule.

Punjab Government’s New Scheme: Goals, Objectives, and Key Benefits

By concentrating on priority industries that are most important in Punjab, the program seeks to encourage exports, stimulate entrepreneurship, and create job opportunities. The Easy Business Noon program’s primary objective is to financially support new businesses so they can launch, as well as aid established companies in modernising and expanding so they can enhance their operations and boost the economy.

Tier 1 Business Finance Scheme Fee Details:

Businesses can get loans from Rs. 1 million to Rs. 5 million under the Tier One Ehsaas Business Finance Loan Scheme, which is a fantastic chance to expand your company with no interest.

This implies that candidates can invest in their firm without worrying about exorbitant interest rates. Existing enterprises will have a grace period of up to three months, while startups will have a grace period of six months. A Rs. 5,000 processing charge must be paid by applicants, but the loan repayment period is also flexible, with a maximum of five years to repay the loan.

This fee covers the processing and approval of every loan application, guaranteeing a simple and easy approval procedure.

Tier 2 Asan Karobaar Card Fee Payment Details:

Businesses can apply for loans under the Tier 2 Easy Business Scheme that have an interest rate of 0% and range from Rs 6 million to Rs 30 million (3,00,00,000). You have a fantastic opportunity to expand your company without having to pay interest.

Similar to Tier 1, the repayment period is five years, giving businesses ample time to repay their loans. However, applicants in Tier 2 must pay a processing fee of Rs 10,000, which is required for the loan application to be processed and approved so that everything goes smoothly. This fee will not be refunded.

Existing enterprises will have a grace period of up to three months, while startups will have a grace period of six months.

How to Get Interest-Free Business Loans Without NOC or License

In her remarks, Punjab Chief Minister Maryam Nawaz Sharif also mentioned that in order to obtain a loan, applicants do not require a business plan approval, licence, or NOC. You can start your firm tomorrow by taking out a loan today.

The Bank of Punjab will provide these loans, which will have no interest. This implies that participants in the plan can launch their companies fast and without having to go through a drawn-out approval procedure.

Fund Usage: Payments, Bills, and Registration Explained

Although there is a 25% cash restriction, business owners can utilise the money they get through the Asan Karobaar plan to pay government fees, utility expenses including gas and electricity, and vendor payments.

Additionally, after six months of the loan and loan card being given, borrowers must register with the Punjab Revenue Authority (PRA/FBR) or Federal Board of Revenue. All of these rules are in place to ensure that the loan can be accurately tracked and is only utilised for expenses associated with the firm.

Punjab Government-Authorized Helpdesk Support for Applicants

The hotline number 1786 is available for anyone who would need more information about the Easy Business Loan initiative or any other initiative. Entrepreneurs may simply get their questions answered by the government’s easily available assistance system.

Conclusion:

An excellent resource for giving business owners interest-free financing with adjustable payback schedules and convenient access is the Punjab Easy Business Finance Scheme. Business owners can use the program to grow their operations without requiring a licence or NOC. Businesses have the ideal opportunity to expand thanks to the government’s application process and assistance system.

The program supports employment creation and economic growth for startups and established enterprises, which has the potential to elevate Punjab’s business environment.

For more information and guidelines, visit this website https://akc.punjab.gov.pk/cmpunjabfinance or call 1786 the Punjab Government’s authorized helpline number!

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