The Asaan Karobar Scheme 2025 Punjab offers interest-free loans from Rs1 million to Rs30 million for startups and SMEs. Learn about eligibility, application process, and benefits. Apply now.
Asaan Karobar Scheme 2025 Punjab: A Game-Changer for Entrepreneurs
The Punjab Government, under the leadership of Chief Minister Maryam Nawaz, has launched the Asaan Karobar Scheme 2025 to support entrepreneurs and Small and Medium Enterprises (SMEs) by providing interest-free loans. This initiative aims to boost economic activity and job creation across Punjab.
What is the Asaan Karobar Scheme 2025?
The Asaan Karobar Scheme is a financial support program that offers interest-free loans to startups and existing businesses. It provides easy access to capital without the need for an NOC, license, or prior approval, making it one of the most accessible loan schemes in Punjab’s history.
Loan Amount and Repayment Terms
The scheme offers two tiers of interest-free loans:
Tier 1
- Loan Amount: Rs1 million to Rs5 million
- Processing Fee: Rs5,000
- Repayment Period: Up to 5 years
- Grace Period: 6 months for startups, 3 months for existing businesses
Tier 2
- Loan Amount: Rs6 million to Rs30 million
- Processing Fee: Rs10,000
- Repayment Period: Up to 5 years
- Grace Period: 6 months for startups, 3 months for existing businesses
Both tiers require repayment in equal monthly installments, and a late fee of Rs1 per Rs1,000 per day applies to overdue payments.
Eligibility Criteria
To qualify for the Asaan Karobar Scheme, applicants must meet the following criteria:
- Age: Between 21 and 57 years
- Residency: Must be a Punjab resident
- Business Location: The business must be located within Punjab
- Identification: A valid CNIC and registered mobile number
- Tax Status: The applicant must be a tax filer with a clean credit history
- Business Size:
- Small Enterprises: Annual sales up to Rs150 million
- Medium Enterprises: Annual sales between Rs150 million and Rs800 million
Required Documents
Applicants need to provide the following documents while applying:
- CNIC copy and passport-size photo
- Proof of tax filing
- Business income and expense details
- Rent agreement or property documents
- References’ CNIC copies and contact details
How to Apply for the Asaan Karobar Scheme?
Applying for the scheme is simple and can be done online through the Punjab Information Technology Board (PITB) portal.
Step-by-Step Application Process
- Create an account on the PITB portal using your CNIC-linked mobile number.
- Fill in the application form, which takes about 15 minutes.
- Pay the processing fee of Rs5,000 (Tier 1) or Rs10,000 (Tier 2).
- Upload the required documents and submit the application.
- Track your application status using the registration number provided.
Asaan Karobar SME Card: Features & Benefits
The Asaan Karobar SME Card is issued to successful applicants and can be used for:
- Vendor payments
- Utility bill payments
- Government fees
Note: Cash withdrawals are capped at 25% of the loan amount, and businesses must register with the Punjab Revenue Authority (PRA) or Federal Board of Revenue (FBR) within six months of receiving the card.
Here are some frequently asked questions (FAQs) about the Asaan Karobar Scheme 2025:
FAQs
What is the Punjab Asaan Karobar Loan Scheme?
The Punjab Asaan Karobar Loan Scheme is an interest-free loan initiative launched by CM Punjab Maryam Nawaz to support startups and SMEs. It provides loans ranging from Rs1 million to Rs30 million to boost entrepreneurship and economic growth in Punjab.
How to Apply for the Asaan Karobar Scheme?
You can apply online through the Punjab Information Technology Board (PITB) portal by following these steps:
- Register using your CNIC-linked mobile number.
- Fill in the application form with business details.
- Pay the processing fee (Rs5,000 for Tier 1, Rs10,000 for Tier 2).
- Upload required documents and submit the form.
- Track your application status using the provided registration number.
What is CM Punjab Asaan Karobar?
The CM Punjab Asaan Karobar Scheme is a government-backed program designed to facilitate small and medium enterprises (SMEs) by offering zero-interest loans, making it easier for businesses to grow and create jobs.
How to Apply for the CM Punjab Loan Scheme?
The application process is simple and online:
- Visit the official website (akc.punjab.gov.pk/cmpunjabfinance).
- Register and fill in the required information.
- Upload necessary documents, including CNIC, tax proof, and business details.
- Pay the processing fee and submit the form.
- Wait for approval and track your status through SMS updates.
Conclusion
The Asaan Karobar Scheme 2025 is a revolutionary step towards economic empowerment in Punjab. With zero-interest loans, flexible repayment terms, and minimal requirements, this scheme provides aspiring entrepreneurs with an excellent opportunity to start or expand their businesses.
For more details and to apply, visit the official website: akc.punjab.gov.pk/cmpunjabfinance
