If you are an SMB owner or an entrepreneur in Punjab and you’re struggling to find a source of finance for your business, then you should read this post carefully. The Asaan Karobar Program by Punjab’s Chief Minister Maryam Nawaz has been designed to provide loans to startups and other growing businesses that are women-friendly and interest-free. This article details how to apply online, the eligibility criteria, and how to register for online classes. Do not worry; at Struggling Student, we straightforwardly approach our requests for you to follow.
What is the Asaan Karobar Program?
The Asaan Karobar Finance Scheme is a novel and official financial scheme launched by the Government of Punjab, Pakistan. It is multi-million rupees. This would require interest-free loans up to Rs. 30 Million (Rs. 3 Crore). People in agricultural businesses will be extended such financial support measures.
It is pertinent to note that its primary aim is to foster economic growth and increase exports and employment. The Punjab Karobar Finance Scheme was also tabled in the 22nd Provincial Meeting on 14 January 2025. The CM of Punjab, Maryam Nawaz Sharif, also proposed providing free land for this Asaan Karobar Scheme.
Who Can Apply for the Asaan Karobar Program?
You should check whether you fit this description before you proceed with the registration. Here’s what you need:
- Comparatively young to middle-aged, and ranges from 21 to 57 years of age based on the different schemes.
- You should be a domicile of Punjab and must possess a valid Computer National Identity Card (CNIC).
- Newborn ventures or SMEs up to a sales turnover of Rs. 800 million.
- You should be active, registered, and reporting to the FBR or PRA taxpayer.
- Banks or government dues can also not be owed.
Eligibility Criteria for Asaan Karobar Finance Scheme
The scheme is built upon two levels, which depend on the amount of loan required.
- Valid CNIC and NTN
- Age must be between 25-55 years.
- Medium Enterprises with yearly sales up to PKR 150M—PKR 800M should maintain no history of credit mishandling.
- The candidate must be an active FBR filer (Federal Board of Revenue) tax.
- They are required to be articles for the residents and business organizations in Punjab.
- He must have his own or have rented the place of an existing business.
What is online Registration process for the Asaan Karobar Program
Ready to apply? Here are the steps to follow when it comes to online registration. The process will take only 15 minutes if all your documents are handy.
Select Your Scheme
- If you need a loan up to Rs. 1 million, click on Wikipedia as soon as you apply for a Punjab asaan Karobar card online.
- Please click https://akf.punjab.gov.pk/instruction (Asaan Karobar Finance) for commercial bank loans of between one million and thirty million rupees.
Gather Your Documents
You’ll need:
- You must have a clear passport-size photo or selfie.
- Front and back copies of your CNIC.
- The mobile number is to be linked with your CNIC.
- You must enclose an FBR or PRA seal to prove you are a tax filer.
- Account numbers related to business affairs, such as income, expense receipts, and rent agreements or papers related to ownership.
Fill Out the Online Form
Focuses on the completion of an online registration form which contains several sections, as follows:
- You will find the button “Register Now,” which you should click on the supplied website.
- Your name, CNIC number, date of birth, and other contact information.
- Submit all the written materials for publication and ensure no mistakes are left.
Submit and Track
- When completing the application, click on the ‘Submit’ button.
- You will then receive a registration number through sms and on the screen.
- The portal has your payment status; otherwise, you can wait for an SMS notification.
Key Features of the Asaan Karobar Finance
Asaan Karobar Finance is a dynamic and all-embracing financial solution formulated to help small business owners, encourage startups, and uplift people in Pakistan’s economy.
- It provides funding for the people who are economically weaker and requisite for socially backward categories.
- Small businesses using the platform must wait no more than 6 months to achieve business stability. The payback period starts after three months.
- There will be a 0% equity contribution in most cases. The contribution will be 25% only when the contract involves loans for leased commercial vehicles.
- Female, transgender, and differently abled people qualify for a discount on their course training.
- The loan repayment method requires customers to pay back funds equally during defined monthly intervals according to the agreed conditions.
Frequently Asked Questions
How much of a loan should I take, and is the loan free of interest?
The Asaan Karobar Scheme offers entrepreneurs a loan of 30 million PKR, divided into different sectors, including agriculture.
What is the purpose of the Punjab Asaan Karobar Scheme?
This enables us to unveil the objectives of the Punjab Asaan Karobar Scheme as stated here under;
- The following is a brief description of some main objectives of the Asaan Karobar Scheme:
- Develop the general economic status of the province. Providing business opportunities to entrepreneurs.
- Providing jobs and boosting exports.
- They should also reinforce the new and the existing businesses.
Conclusion
Asaan Karobar Finance Scheme aims to open or upgrade hopes for startup activities or the development of enterprises in the province. In addition, all the given eligibility criteria are reasonable, and all the requirements are easy to meet. However, the official statement on the application will be made early enough. Users must remain informed to reap the benefits of the prevailing scheme, and if they have any questions, they should contact any of our offices.
