Get Up to 30 Million in Loans with Punjab Karobaar Card – Apply Online Now!

The Punjab government has announced the launch of the Punjab Karobaar Card Scheme, which is aimed at promoting small and medium-sized businesses. The scheme aims to provide financial support and resources to small and medium-sized businesses so that they can grow their businesses. Karobaar cardholders can get assistance to improve and expand their business operations. This will also benefit the local community because new jobs will be created by supporting these new businesses.

The Punjab Business Card Loan Scheme has been approved by Maryam Nawaz and now those who are eligible for it can apply for a loan under this scheme. This loan scheme is available from Rs 100,000 to Rs 30 million.

If you want to start your own business and apply for the Punjab Karobaar Card Loan Scheme, check your eligibility today and apply now to take your business to the next level!

CM Punjab Launches Karobaar Card Scheme

The Punjab government has announced the launch of the Asan Karobaar Loan Scheme, which is aimed at promoting small and medium-sized businesses. The scheme aims to provide financial support and resources to small and medium-sized businesses so that they can grow their businesses.

Business card holders can get assistance that will help them improve and expand their business operations. This will also benefit the local community because new jobs will also be created by supporting these new businesses.

Chief Minister Maryam Nawaz Sharif said that these are schemes or projects being launched for the first time and will provide opportunities to the people and this will also benefit the provincial sector and help in their development and growth.

Also Read: Benazir Hunarmand Program

Get Loans Up to 30 Million Over 5 Years Repaying Timeline

This decision was taken in Lahore on Saturday during a meeting chaired by Chief Minister Maryam Nawaz. Under this scheme, regular people who qualify for the scheme can apply for loans ranging from Rs 100,000 to Rs 10,00,000, and those who want to apply for medium businesses will be provided loans of up to Rs 30 million by the Punjab Government.

The Chief Minister will provide loans of up to Rs 30 million under the CM Punjab Easy Business Financing Scheme. The Chief Minister has asked to make more plans to provide small and medium loans under these schemes. She also said that the loan given to the borrower will be repaid within five years and the applicant will be given a grace period of three months after receiving the loan’s 1st installment.

Aims To Promote Entrepreneurship And Reduce Unemployment

The Punjab government has launched this initiative so that new and existing businesses in Punjab will receive financial support. The scheme is specifically aimed at businesses that have been most affected by COVID-19. This scheme tries to help factoring and culture lovers in rate services.

These initiatives aim to create an environment that supports business and leads to economic prosperity in the province. The dedication and aim of the government behind the launch of this program are very high in perspective, the first of which is:

Promoting Entrepreneurship: The schemes aimed at encouraging people to start and expand their businesses so that there is an environment for entrepreneurship.
Reducing unemployment: This scheme provides financial support to new businesses, which creates jobs, especially for the youth, and reduces unemployment.
Stimulation Of the Province’s Economic Growth: Supporting small businesses, helps stabilize and grow the economy of the province.
Aiding Financial Support To Individuals: This scheme provides financial resources to young individuals so that they can run their businesses on their own and become self-reliant.

2000 Rs Is The Processing Fee Of The Application:

The application process of the Asan Punjab Karobaar Card Loan Scheme will not be under processing until the applicant submits the application fee. To complete the processing, the applicant must submit a registration fee, which is Rs. 2000, which has been imposed by the Punjab Government. Until the Rs. 2000 is deposited, the application will not be processed.

This means that now anyone who wants to start their own small business can also apply for a loan from it and those who want to start their own medium-scale business can also apply for Punjab’s interest-free business loan Program. The aim of this scheme is that everyone should get the opportunity to start their own business, whether it is small-scale or medium-scale, the government has support for everyone.

Eligibility Criteria For the Punjab Karobaar Card Scheme:

To get a loan for the Punjab Business Card Scheme, there are some specific eligibility criteria that you will have to fulfill. These criteria are as follows:

The age limit of the applicant should be between 20 and 50 years.
The gender of the applicant, whether male, female, or transgender, is eligible for the Karobaar card.
The applicant should be a citizen of Pakistan and reside in Punjab.
The proof of residence of the applicant is given through the CNIC card.
The location of your business should be in Punjab.
Your business should be a sole proprietorship partnership or any other business that meets the remaining eligibility criteria.
Your credit history should be clean, meaning you should not have any outstanding loans or defaults.
If your business is new, then you will have to provide a viable business plan that shows what you want to do and how you want to start it.
If your business is already running, then you will also have to provide a viable plan that shows how you plan to sustain your business from the impact of COVID-19.
You should have a valid CNIC which is necessary for your identification
Punjab Small Industries Corporation PSIC or the government can also set other requirements when you’re filling out the form.
The applicant should not be an employee.

How To Apply For Punjab Business Card:2025 Update!

For the Punjab Business Loan Scheme launched by Punjab Chief Minister Maryam Nawaz Sharif, the Government of Punjab has released a great and straightforward easy online application process in which all the applicants can apply for this scheme sitting at their homes. All those applicants who have smart mobile and internet access should visit the Punjab Business Loan Portal now and apply for their Loan.

Visit the Official Website rozgar.psic.punjab.gov.pk.
Now Click on the “Register” button on the homepage.
Type your CNIC number, valid mobile number, and email address.
Set up a secure password, confirm it, and complete the registration process.
Now use your registered CNIC and the password you added while registering to log in to the portal.
Complete the Application Form by filling in all required personal and business information, such as Personal Details: Name, address, CNIC number, contact number, Business name, type, registration details, and location.
Now add Loan Details by providing the desired amount of the loan.
Now upload clear copies of the required documents:
You have to review your application by double-checking and Submit the application.
Once the application is submitted no changes can be made.
After submission, you’ll receive an acknowledgment SMS or email with an Application Tracking Number (ARN). You have to keep this number safe to track your application.
Now pay a non-refundable processing fee of Rs. 2,000 at any Bank of Punjab (BOP) branch.
Your application will be reviewed by the concerned authorities for verification.
Once approved, you’ll be notified about the loan amount and disbursement process which will be transferred to your provided bank account.

List Of Required Documents

The documents listed below are all the documents that you will need to submit while applying for the Punjab Karobaar Card Loan Scheme.

Your Computerized National Identity Card (CNIC).
Your utility bills such as electricity, gas, and water bills.
Rent agreement and Domicile certificate that proves that you live in Punjab.
Your business registration certificate showing trade license or company registration.
Detailed plan of your business which includes business goals and market analysis.
Your business bank account transaction history for the previous 6 months.
Income tax return Bank statement or any other documents that prove your income.
Your loan application was submitted for the Easy Business Card Scheme.
Your recent passport-size photograph.
National Tax Number (NTN) or tax filing proof.

Conclusion

Punjab Business Card Loan is an initiative of the Punjab Government that provides interest-free loans to youth and entrepreneurs, ranging from Rs 100,000 to Rs 30 million. This scheme helps people expand their businesses, which benefits the economy and provides jobs. It aims to reduce unemployment and promote entrepreneurship so that more people can start their businesses and improve their lives.

If you want to benefit from the Punjab Karobaar Card and start your own business, submit your application today, become self-reliant,t and start living a life of autonomy!