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

The Asan Karobar Scheme has been launched in Punjab, a great opportunity for those wanting to start their own business. Under this scheme, CM Punjab promises to provide interest-free loans to SMEs (Small and medium enterprises). These loans will be available without any NOC (No Objection Certificate) or license, making it easier for entrepreneurs to start their business journey.

The eligibility criteria of the scheme have also been simplified for 2025, which can benefit every small business owner.

In this article, we will tell you how you can apply for this Punjab Business Finance loan scheme, what documents are required, and how the funds can be used!

CM Punjab Interest-free loans to (SMEs) Under the Asan Karobaar Scheme:

Chief Minister Maryam Nawaz has launched the Punjab Asan Business Finance and Card Schemes, which aims to promote business activities in the province.

وزیراعلیٰ مریم نواز نے پنجاب آسان بزنس فنانس اینڈ کارڈ سکیموں کا آغاز کیا ہے جس کا مقصد صوبے میں کاروباری سرگرمیوں کو فروغ دینا ہے۔ افتتاحی تقریب سے خطاب کرتے ہوئے، انہوں نے کہا، “آسان بزنس فنانس سکیم کے تحت، 500,000 روپے سے 30 ملین روپے تک کے بلاسود قرضے دیئے جائیں گے۔” یہ قرضے آسان اقساط میں ادا کیے جاسکتے ہیں۔ مریم نواز نے یہ بھی کہا کہ چھوٹے کاروبار شروع کرنے کے لیے انتہائی رعایتی نرخوں پر زمین بھی فراہم کی جائے گی۔ انہوں نے یہ بھی کہا کہ یہ فنانس سکیم پنجاب کی تاریخ کی پہلی ہے جس میں 30 ملین روپے تک کے بلاسود قرضے دیئے جائیں گے جو ایک تاریخی قدم ہے جس سے چھوٹے کاروبار آسانی سے شروع کرنے میں مدد ملے گی۔

Addressing the inaugural ceremony, she said, “Under the Asan Karobar Card Scheme, interest-free loans ranging from Rs 500,000 to Rs 30 million will be given.” These loans can be repaid in easy installments.

Maryam Nawaz also said that land will also be provided at highly subsidized rates to start small businesses.

She also said that this finance scheme is the first in the history of Punjab, in which interest-free loans of up to Rs 30 million will be given, which is a historic step that will help small businesses start easily.

Eligibility Criteria For Punjab Finance Scheme: 2025!

If you want to apply for the Asan Karobar Scheme, you have to meet some eligibility criteria. This scheme is for people who want to start a business and how much they want to expand their business. Applicants have to fulfill these requirements:

Age should be between 21 years to 57 years.
The CNIC number of The individual applying for the loan must be registered in his/her name.
Applicants’ mobile numbers should be valid and registered.
Applicant should have their own business in Punjab or plan to start electricity and also have a location for the business.
You must be a punctual tax filer
The applicant must have a clean credit history.
The applicant must have a clean credit history.
You have to provide residence-related references and necessary documents in every case.

How To Apply For Asan Karobar Finance Scheme Via Portal:

The application process for the Punjab Asan Karobar Scheme is quite simple so that entrepreneurs and business owners can apply easily. You have to follow some basic steps which include creating an account, submitting documents, and tracking the application status.

Ensure that you keep the required documents ready and complete the steps so that the chances of approval can also increase. Here is your step-by-step guide.

Create an Account by visiting the PITB portal https://akc.punjab.gov.pk/login and register by using your CNIC-linked mobile number.
Now fill out the Application Form.
Once logged in, allocate 15 minutes to fill out the application form.
Enter all required information accurately to ensure a smooth process.
Now Pay the nonrefundable Processing Fee by choosing your loan tier: Rs5,000 for Tier 1 or Rs10,000 for Tier 2.
Go through your form thoroughly once.
Upload the required documents like CNIC copy, Proof of tax filing, Business income/expenses, and Other relevant documents.
Then Submit the Application
After submission, you’ll receive a registration number via SMS.
You will also receive SMS updates on your application’s status.
Use the portal to track the status of your application and receive notifications when your loan is approved.

Required Documentation For CM Karobaar Program:

You will need to prepare scanned copies or clear images of any necessary documents in digital form before submitting your application. To ensure that your application is processed smoothly, you should prepare the following documents:

Copies of your reference’s CNIC and their contact details.
A copy of your CNIC and a passport-sized picture.
The applicant should have proof of your tax filing status, which can be found in your tax return or other documents.
Proof of income and expenses from your business.
If there is a rental agreement or property document for your business or residence, those are also required.

Loan Repayment Terms & Late Charges Detail:

According to the Easy Business Finance Loan Scheme, loan repayments will be made in equal monthly installments, which will be as per the terms agreed at the time of approval.

This allows the boards to easily make their financial arrangements. However, if the payment is overdue, a late charge of Rs. 1,000 will be imposed for each day, which will continue to increase every day.

So you must make your payments on time so that you are not charged any administrative charges and the loan can be processed quickly.

Punjab Government’s Aim To Start This Scheme:

The scheme aims to support entrepreneurship, create employment opportunities, and promote exports, especially by focusing on priority sectors that are of greatest importance in Punjab. The main goal of the Easy Business Noon scheme is to provide financial assistance to start-up businesses so that they can start their businesses, as well as to help those already running expand and modernize so that they can improve their operations and contribute to the economy.

Tier 1 Business Finance Scheme Fee:

Under the Tier One Ehsaas Business Finance Loan Scheme, businesses can avail of loans ranging from Rs. 1 million to Rs. 5 million, which is a great opportunity to grow their business with zero interest rates.

This means that applicants do not need to worry about high interest rates and can invest in their business. Startups will get a grace period of six months while existing businesses will be given a grace period of up to three months. The repayment period is also flexible, with a time limit of up to five years to repay the loan, but applicants will have to pay a processing fee of Rs. 5,000.

This is charged for processing and approval of each loan application, which ensures a smooth and hassle-free approval process.

Tier 2 Asan Karobaar Card Fee:

Under the Tier 2 Easy Business Scheme, businesses can get loans ranging from Rs 6 million to Rs 30 million (3,00,00,000), which will be given at a 0% interest rate. This is a great opportunity for you to grow your business without any interest burden.

The repayment period is the same as in Tier 1, which is five years, which gives businesses enough time to repay their loans, but in Tier 2, applicants will have to pay a processing fee of Rs 10,000, which is given for processing and approval of the loan application so that it can be done smoothly and this fee will not be refunded.

Startups will get a grace period of six months while existing businesses will be given a grace period of up to three months.

Interest-Free Business Loans Without NOC or License:

Punjab Chief Minister Maryam Nawaz Sharif added in her statement that applicants do not need to get any NOC, license, or business plan approval to take a loan. You can take a loan today and start your business from tomorrow.

These will be non-interest loans that will be given through the Bank of Punjab. This means that people involved in the scheme can start their businesses quickly without any complex approval process.

Fund Usage: Payments, Bills, and Registration!

The funds that business owners will receive through the Asan Karobaar scheme can be used to pay vendor payments, utility bills such as electricity and gas bills, and government fees, but the limit of cash is 25%.

In addition, those who take this loan will have to register with the (PRA/FBR) Punjab Revenue Authority or Federal Board of Revenue within six months, which is the time after the loan and loan card are issued. All this regulation is so that the loan can be properly tracked and it is used only for business-related expenses.

Helpdesk Authorized By Punjab Government For The Applicants:

If anyone wants more information about the Easy Business Loan Scheme or any other scheme, they can contact the helpline number 1786. The government has established an accessible support system where entrepreneurs can easily get their questions answered.

Conclusion:

Punjab Easy Business Finance Scheme is an ideal platform that provides entrepreneurs with interest-free loans, flexible repayment terms, and easy access. Through the scheme, business owners can expand their ventures without the need for any NOC or license. The government’s support system and application process provide the perfect opportunity for businesses to grow.

For startups and execution businesses, the scheme helps in economic growth and job creation, which can take Punjab’s business landscape to the next level.

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