Everything You Need to Know About Asaan Karobar Scheme 2025
The Punjab government has introduced the Asaan Karobar Scheme to support small and medium-sized businesses with interest-free loans. This initiative aims to boost entrepreneurship and economic growth in the region. Here’s all you need to know about the application fee and key details of the scheme.
Loan Tiers and Application Fees
| Loan Tier | Loan Amount Range | Processing Fee |
|---|---|---|
| Tier 1 | PKR 1 million to PKR 5 million | PKR 5,000 |
| Tier 2 | PKR 6 million to PKR 30 million | PKR 10,000 |
The processing fee ensures that your application is reviewed and evaluated for eligibility under the scheme. Learn how to register here.
Eligibility Criteria for Applicants
To qualify for the Asaan Karobar Scheme, applicants must meet the following requirements:
- Age: Between 21 and 57 years.
- Residency: Must be a resident of Punjab, Pakistan.
- Valid CNIC: A computerized national identity card is mandatory.
- Tax Registration: Registered taxpayers with the Federal Board of Revenue (FBR).
- Mobile Number: Must be linked to your CNIC.
- Business Location: The business must operate in Punjab.
Meeting these criteria is essential for application approval. Discover more details about Punjab’s loan schemes.
How to Apply for the Scheme
The application process for the Asaan Karobar Scheme is simple:
- Create an Account: Register on the official Punjab Information Technology Board (PITB) portal.
- Complete the Application Form: Enter personal and business details online.
- Pay the Fee: Submit the non-refundable processing fee (PKR 5,000 for Tier 1 and PKR 10,000 for Tier 2).
- Submit Documents: Attach your CNIC and tax registration proof.
- Receive Confirmation: Upon successful submission, you will receive an SMS or email confirmation.
Learn how to log in for Asaan Karobar Card.
Repayment Terms for Loans
Loans provided under this scheme come with favorable repayment terms:
- Interest-Free: 100% interest-free loans.
- Repayment Period: Up to five years, with equal monthly installments.
- Grace Period: Startups get a six-month grace period, while established businesses get up to three months.
- Penalty for Late Payment: A minimal charge applies for overdue payments.
These flexible terms are designed to support small businesses effectively. Read about Punjab’s Karobar Loan Scheme here.
Why the Processing Fee Matters
The processing fee is essential for:
- Transparency: Ensuring serious applications are submitted.
- Administrative Costs: Covering expenses related to application reviews.
- Efficient Review Process: Facilitating timely evaluation and decision-making.
Paying the fee enhances the likelihood of your application being processed efficiently. Explore new business opportunities here.
FAQs
Q1: Can I apply if I’m not a resident of Punjab? A: No, only Punjab residents are eligible.
Q2: What documents are required for the application? A: A valid CNIC, tax registration proof, and business details are mandatory.
Q3: Is the processing fee refundable? A: No, the processing fee is non-refundable.
Q4: Are there penalties for late repayments? A: Yes, minimal charges apply for overdue payments.
Final Words
The Asaan Karobar Scheme 2025 is a game-changer for entrepreneurs and small businesses in Punjab. By meeting the eligibility criteria and following the application process, you can unlock access to interest-free loans and set your business on the path to success. Don’t miss this opportunity—apply today and take the first step toward financial empowerment.
Also Read: CM Maryam announces Punjab Asaan Karobar Scheme
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Read more: Government Schemes