Asaan Karobar Card Apply Online
The Punjab government, under the leadership of Chief Minister Maryam Nawaz Sharif, has officially launched the CM Punjab Asaan Karobar Card apply online. This special initiative aims to support small business owners and entrepreneurs. The government has allocated over Rs 48 billion for this program, offering interest-free loans of up to Rs 1 million to help businesses grow.
A key advantage of this scheme is that borrowers can repay the loan in easy installments over three years. Additionally, men, women, transgenders, and special persons are all eligible to apply, making this program accessible to every section of society.
This scheme can be highly beneficial if you own a small business or startup and wish to expand. This article provides a simple step-by-step guide on how to apply for a loan under the Asaan Karobar Card from the comfort of your home. Read till the end for complete details.
Who Can Apply? (Eligibility Criteria)
To apply for this loan, you must meet the following criteria:
- Must be a small entrepreneur (SE) in Punjab.
- Must be a permanent resident of Punjab.
- Age should be between 21 and 57 years.
- Must have a valid CNIC with a permanent Punjab address.
- Must have a SIM card registered in your name.
- Must be an active tax filer.
If you fulfill these conditions, you can submit your application online easily.
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Step-by-Step Guide to Apply for Asaan Karobar Card
If you are eligible and want to apply for the Asaan Karobar Card, follow these steps:
1 Step: Visit the Official Portal
- Go to the official website: akc.punjab.gov.pk
- Open the portal and proceed to the registration section.
Step 2: Create an Account
- Click on the “Register Now” button.
- Fill out the registration form with the following details:
- Full Name
- Father’s Name
- CNIC Number
- Date of Birth
- CNIC Issue and Expiry Date
- Mobile Number
- Strong Password
- Click on “Create Account” to complete the registration.
Step 3: Log in to Your Account
- After account creation, go to the login page.
- Enter your CNIC number and password to access your account.
4 Step : Complete the Loan Application
- Once logged in, the application form will appear.
- The form is divided into four sections:
- Personal Information
- Business Details
- Loan Details
- Uploading Required Documents
- Fill in all the details carefully and upload the necessary documents.
5 Step: Submit the Application
- After completing the form, click on the “Submit” button.
- You will receive a challan for a non-refundable processing fee of Rs 500.
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Important Instructions
- Pay the challan as soon as possible to avoid delays in processing.
- Provide accurate details and required documents to ensure smooth application approval.
- Follow the above steps carefully for a successful application process.
Loan Usage and Repayment Terms
The Punjab government has set clear guidelines for loan usage and repayment:
- First 50% Loan Release: The initial half of the loan amount will be available for use within the first six months. This amount can only be spent on business-related activities. Personal or non-business transactions will not be allowed.
- Grace Period: Borrowers get a three-month grace period, meaning no installment payments are required during the first three months after loan approval.
- Monthly Installments: After the grace period, borrowers must start paying monthly installments, with a minimum of 5% of the outstanding loan amount.
- Remaining 50% Loan Release: The remaining loan amount will be provided after the borrower has successfully used and repaid the previous amount on time. Additionally, registration with PRA or FBR is mandatory.
- Final Repayment: The remaining amount must be paid in Equated Monthly Installments (EMIs) over the next two years.
Latest Update: No Challan Fee Required
In a recent update, the Punjab government has removed the challan fee for Asaan Karobar Card applications. Previously, applicants had to pay a processing fee, but now they can apply for the loan without any extra charges. This makes it easier for small business owners and young entrepreneurs to apply without financial burden.
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Conclusion
The Asaan Karobar Card Apply Online, launched under the leadership of Chief Minister Maryam Nawaz Sharif, is a great initiative that provides interest-free loans to small businesses and startups. This scheme allows individuals to access loans between Rs 100,000 and Rs 1 million on flexible terms to support their business growth.
This article provides a complete step-by-step guide to the application process, eligibility criteria, and loan repayment details. If you are interested in benefiting from this scheme, read all the details carefully and apply online through the official portal. If you have any questions, feel free to ask in the comments section.
Frequently Asked Questions (FAQs)
What is the Asaan Karobar Card?
The Asaan Karobar Card is a loan program launched by the Punjab government to provide interest-free loans of up to Rs 1 million to small business owners and entrepreneurs.
Who can apply for this loan?
Men, women, transgenders, and special persons who are permanent residents of Punjab and meet the eligibility criteria can apply.
What are the eligibility requirements?
- Age between 21 and 57 years
- Must have a valid Pakistani CNIC with a Punjab address
- A SIM card registered in the applicant’s name
- Must be an active tax filer
How can I apply for the Asaan Karobar Card?
You can apply online by visiting akc.punjab.gov.pk, creating an account, and submitting your application with the required details.
Is there any fee for applying?
Previously, a challan fee was required, but the Punjab government has now abolished it. Applications are now free of cost.
How will the loan amount be distributed?
- The first 50% of the loan will be available within the first 6 months.
- The second 50% will be provided after timely repayment of the initial amount and business verification.
What is the repayment period?
The loan must be repaid in easy monthly installments over three years. A grace period of 3 months is provided before repayment begins.
Can I use the loan for personal expenses?
No, the loan can only be used for business purposes. Personal or entertainment expenses are not allowed.
What happens if I miss an installment?
Missing installments may affect your eligibility for future loans and could lead to penalties. It is advised to make payments on time.
Where can I get more information?
For more details, visit the official website akc.punjab.gov.pk or contact the support team.
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