Shocking News: CM Punjab Asaan Karobar Card – Big Opportunity for Entrepreneurs (23 January 2025)

CM Punjab Asaan Karobar Card

The CM Punjab Asaan Karobar Card is a revolutionary program by the Punjab government aimed at empowering small business owners. With interest-free loans up to PKR 1 million, this scheme fosters entrepreneurship, ensuring business growth and economic stability across the province.

Key Features of the Asaan Karobar Card

This initiative provides numerous benefits to support entrepreneurs:

  • Loan Amount: Up to PKR 1 million.
  • Loan Tenure: 3 years.
  • Revolving Credit Facility: Available for 12 months.
  • Repayment Term: 24 monthly installments, starting after a one-year grace period.
  • Grace Period: 3 months post card issuance.
  • Interest Rate: 0% (completely interest-free).

Also Read: Punjab Asaan Karobar Loan Scheme

Eligibility Criteria for the Asaan Karobar Card

To qualify for the program, applicants must:

  • Residency: Be residents of Punjab and Pakistani nationals.
  • Age: Be between 21 and 57 years old.
  • Identification: Possess a valid CNIC and registered mobile number.
  • Business Location: Have an existing or planned business in Punjab.
  • Credit History: Maintain a clean credit record with no overdue loans.
  • Application Limit: Only one application per individual or business.

Also Read: Maryam Nawaz New Loan Scheme

How to Apply for the Asaan Karobar Card

Here’s a simple guide to apply for the program:

  1. Register Online:
    • Visit the official portal.
    • Use your registered mobile number to create an account.
  2. Complete the Application Form:
    • Fill in personal and business details accurately.
    • Ensure all required fields are completed.
  3. Upload Required Documents:
    • Recent passport-size photograph or selfie.
    • CNIC (front and back scanned copies).
    • Two non-relative references (with CNIC details and contact numbers).
    • Proof of business premises (e.g., rent agreement, registry).
    • Income and expense details.
  4. Pay the Processing Fee:
    • A non-refundable fee of PKR 500 is required.
  5. Submit Application:
    • Review your information and submit the application for review.
  6. Track Application Status:
    • Use the provided registration number to monitor progress.
CM Punjab Asaan Karobar Card
CM Punjab Asaan Karobar Card

Also Read: Asaan Karobar Scheme Register

Loan Utilization and Repayment Guidelines

Loan allocation and usage details include:

  • Initial 50%: Accessible within the first six months.
  • Grace Period: No repayment required for the first three months.
  • Repayment:
    • Starts after the grace period.
    • Monthly minimum repayment of 5% of the outstanding balance.
  • Remaining 50%: Released after regular repayments and registration with PRA/FBR.

Also Read: CM Punjab Karobar Card Loan Scheme Launched for Small Businesses

Fees and Additional Charges

The program includes the following charges:

  • Annual Card Fee: PKR 25,000 + FED (deducted from the loan limit).
  • Other Charges: Includes life insurance and card delivery.
  • Late Payment Penalty: Imposed as per the bank’s schedule of charges.

Also Read: PK Login for Asaan Karobar Ca

Documents Required

Applicants need to prepare the following:

  • Passport-size photograph or selfie.
  • Scanned copies of the front and back of CNIC.
  • A registered mobile number.
  • Two non-relative references.
  • Proof of business premises.
  • Detailed income and expense records.

Also Read: CM Maryam Announces Punjab Asaan Karobar Scheme

Conclusion

The CM Punjab Asaan Karobar Card is a transformative initiative empowering small entrepreneurs through interest-free loans and a seamless application process. This program promotes financial independence, helping individuals contribute to Punjab’s economic development. Don’t miss this opportunity—apply today to secure your future.

FAQs

  1. Who is eligible for the Asaan Karobar Card? Entrepreneurs aged 21-57 years residing in Punjab with a valid CNIC.
  2. What is the maximum loan amount? Loans up to PKR 1 million are offered.
  3. Is the loan interest-free? Yes, the loan is completely interest-free.
  4. Can the funds be used for personal expenses? No, funds must strictly be used for business purposes.
  5. What is the repayment period? The loan repayment spans 24 monthly installments, starting after a three-month grace period.
  6. How do I apply? Register on the official portal, complete the form, and upload necessary documents.

 

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