CM Asaan Karobar Finance & Asaan Karobar Card Scheme
Punjab Chief Minister Maryam Nawaz Sharif has launched the CM Asaan Karobar Finance & Asaan Karobar Card Scheme, under which citizens of Punjab can get interest-free loans of Rs 1 lakh to Rs 3 crore. This scheme is a golden opportunity for small, medium, and large entrepreneurs to start their own businesses or further develop their existing businesses. This is a revolutionary initiative by the government that will help in making the people of Punjab self-sufficient.
At the ceremony, Chief Minister Maryam Nawaz herself distributed loan checks to entrepreneurs, including people from Faisalabad, Rawalpindi, Lahore, Sahiwal, and other cities. Some were given loans of Rs 3 crore for pharmaceutical businesses, some for software houses, and some were provided easy loans for clothing, furniture, and beauty salon businesses. This scheme is a rare opportunity for every citizen to turn their dreams into reality.
Loans of Rs 1 lakh to Rs 10 lakh will be available immediately through Asan Karobar Card, while loans of Rs 1 crore to Rs 3 crore are being given under Asan Karobar Finance. The biggest good news is that there will be no interest on these loans, and the installments will also be very easy. This scheme will not only strengthen the economy but also provide new employment opportunities to thousands of youth and entrepreneurs.
If you also want to start your own Karobar or expand your existing business, then apply immediately by visiting akc.punjab.gov.pk. The Punjab government has opened this opportunity for every citizen so that no skilled or entrepreneurial individual is left behind due to financial difficulties. It is time to turn your dreams into reality. The aim of launching the Easy Business Finance Program is to provide employment opportunities to unemployed youth so that they can become respectable citizens of society and help Pakistan’s economy grow.
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Beneficiaries of the CM Asaan Karobar Finance Scheme
The Asan Karobar Finance and Asan Karobar Card programs have already begun benefiting citizens from different parts of Punjab. At the ceremony, CM Maryam Nawaz personally handed over loan checks to several Karobar owners, including:
- Muhammad Asif (Faisalabad) – Rs 30 million for a pharmaceutical business.
- Wajhat Farid (Rawalpindi) – Rs 30 million for a software house.
- Muhammad Arshad (Lahore) – Rs 30 million for a sports export business.
- Ali Asif (Sahiwal) – Rs 5 million for a furniture business.
- Muhammad Afzal – Rs 31.75 million for a transport business.
- Muhammad Shabbir (Lahore) – Rs 5 million for a hair salon and cosmetics business.
- Faizan Mumtaz – Rs 575,000 via an Asan Karobar Card for a garment business.
- Abu Bakr Saleh – Rs 1 million via an Asan Karobar Card for a paper manufacturing business.
- Chaudhry Zulfiqar Ali – Rs 1 million via an Asan Karobar Card for a bakery business.
This diverse range of beneficiaries showcases the government’s support for multiple industries, ensuring that businesses of all scales can benefit.
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Key Features of the CM Asaan Karobar Finance Program
During the ceremony, a documentary was presented to explain the benefits and workings of the Asan Karobar Finance and Asan Karobar Card. Some key features include:
- Asan Karobar Card – Loans up to Rs 1 million.
- Asan Karobar Finance – Loans between Rs 1 million to Rs 30 million.
- Easy Repayments: Loans can be repaid in easy installments.
- Zero Interest: No interest will be charged on loans.
- Rs 36 billion was allocated to Asan Karobar Finance.
- Rs 48 billion was allocated for the Asan Karobar Card Scheme.
- Eligibility: Citizens of Punjab aged 21 to 57 years can apply.
- Online Application: Applicants can apply conveniently from home via the portal akc.punjab.gov.pk.
Eligibility Criteria for Asan Karobar Finance & Asan Karobar Card
To apply for the Asan Karobar Finance and Asan Karobar Card schemes, applicants must meet the following eligibility requirements:
- Age Limit: Applicants must be between 21 and 57 years old.
- Citizenship: Only residents of Punjab are eligible.
- Business Type: Loans are available for small, medium, and large businesses in various sectors.
- Asan Karobar Card – For loans up to Rs 1 million.
- Asan Karobar Finance – For loans between Rs 1 million and Rs 30 million.
- Repayment: Loans must be repaid in easy installments, but no interest will be charged.
Application Procedure for Asan Karobar Finance & Asan Karobar Card
Eligible individuals can apply for the loan online by following these steps:
Step 1: Visit the Official Portal
Go to the official application portal: akc.punjab.gov.pk.
Step 2: Create an Account
- Click on the “Register” button.
- Enter your CNIC, name, phone number, and email to create an account.
- Verify your account through an OTP (One-Time Password) sent to your mobile.
3 Step: Fill in the Application Form
- Provide personal details such as CNIC, date of birth, and contact information.
- Enter business details, including the type of business and the loan amount required.
- Select the loan category (Asan Karobar Card or Asan Karobar Finance).
Step 4: Upload Required Documents
Applicants must upload the following documents:
- Copy of CNIC.
- Proof of business ownership or business plan (if starting a new business).
- Bank account details.
- Proof of residence in Punjab.
Step 5: Submit the Application
- Review all information carefully.
- Click on “Submit” to complete the application process.
Step 6: Application Review & Approval
- The Bank of Punjab will review applications based on merit.
- Approved applicants will receive a loan approval notification via SMS and email.
- Funds will be transferred directly to the applicant’s account or provided via Asan Karobar Card.
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Government’s Commitment to Economic Growth
Asan Karobar Finance and Asan Karobar Card Scheme. While addressing the event, CM Maryam Nawaz Sharif expressed her best wishes for all entrepreneurs receiving financial assistance. She emphasized that the Punjab government is doing everything possible to support business owners, ensuring they have access to the financial resources needed to boost their ventures.
Provincial Minister for Industries Chaudhry Shafi Hussain also spoke at the event, highlighting the government’s dedication to promoting entrepreneurship and economic stability in the province.
Final Thoughts
The Asan Karobar Finance and Asan Karobar Card Scheme are excellent opportunities for small and medium-sized business owners to expand their businesses with interest-free loans. With an easy online application process and no interest charges, this initiative is set to boost entrepreneurship and economic development across Punjab.
For more details and to apply, visit: akc.punjab.gov.pk.
FAQs – Asan Karobar Finance & Asan Karobar Card
What is the Asan Karobar Finance and Asan Karobar Card scheme?
The Asan Karobar Finance and Asan Karobar Card are interest-free loan programs launched by the Punjab government to support small and medium-sized businesses.
Who can apply for these loans?
Citizens of Punjab between the ages of 21 and 57 years can apply for these loans.
How much loan can I get?
- Asan Karobar Card: Up to Rs 1 million.
- Asan Karobar Finance: Between Rs 1 million and Rs 30 million.
Do I need to pay interest on the loan?
No, these loans are completely interest-free.
How can I apply for the loan?
You can apply online by visiting akc.punjab.gov.pk and submitting your application.
What documents are required for the application?
Applicants need to provide:
- CNIC copy
- Proof of Karobar ownership or Karobar plan (for new businesses)
- Bank account details
- Proof of residence in Punjab
How long does it take for loan approval?
The Bank of Punjab will review applications, and selected applicants will receive a confirmation SMS or email once approved.
How will I receive the loan amount?
The loan amount will be provided either directly in the bank account or through an Asan Karobar Card.
Is there a deadline for application submission?
The government has not announced a deadline yet, but applicants are encouraged to apply as soon as possible.
Can I apply if I already have a running business?
Yes, both new and existing Karobar owners can apply for these loans.