CM Maryam Launches Asaan Karobar Finance Scheme
Punjab Chief Minister Maryam Nawaz Sharif has unveiled the Asaan Karobar Finance Scheme, a transformative initiative designed to empower small and medium enterprises (SMEs) and stimulate economic growth across Punjab. This scheme introduces interest-free loans and other supportive measures to help budding entrepreneurs kick-start or expand their businesses.
What is the Asaan Karobar Finance Scheme?
The Asaan Karobar Finance Scheme aims to provide financial aid to entrepreneurs with minimal requirements. The scheme offers interest-free loans ranging from PKR 10 lac to 3 crore, enabling recipients to establish or grow their businesses. Payments can be made in easy installments, ensuring convenience for the borrowers. Eligible young entrepreneurs are encouraged to seize this opportunity to strengthen their role in Punjab’s economic development.
Asaan Karobar Finance Card – Key Features
The newly launched Asaan Karobar Finance Card is another pivotal aspect of this initiative. It offers loans worth PKR 5 lac to 10 lac for small businesses. Key features include:
- Interest-Free Loans: Up to PKR 10 lac through the card.
- Application Process: Entrepreneurs can apply online with no prior requirements like NOC, licenses, or maps.
- Ease of Access: The card ensures quick disbursement of loans, simplifying the process for new business owners.
For assistance, a dedicated helpline 1786 has been activated.
Land and Loans to Boost Business
Under this program, the Punjab government has taken further steps to support entrepreneurs by providing subsidized land for small businesses. Loans of up to PKR 3 crore are being distributed on a 100% interest-free basis to enable entrepreneurs to set up or scale their businesses. Additionally, solar systems worth up to PKR 50 lac will be provided free of cost to individuals looking to establish industries within export processing zones.
How to Apply for the Asaan Karobar Finance Scheme
The application process is designed to be simple and accessible. Entrepreneurs can apply online via the official portals. There are no stringent requirements, making the scheme inclusive for all eligible individuals.
- Visit the official websites to apply: (akf.punjab.gov.pk) and (akc.punjab.gov.pk).
- A helpline 1786 is available for any queries or support needed during the application process.
FAQs About Asaan Karobar Finance Scheme
Q1: Who is eligible for the Asaan Karobar Finance Scheme?
A: Entrepreneurs in Punjab who wish to start or expand their businesses can apply, with no requirement for NOCs or licenses.
Q2: What is the loan range under the scheme?
A: Loans range from PKR 10 lac to 3 crore, depending on the business size and requirements.
Q3: Are there any fees for the application process?
A: The application process is straightforward, with no hidden charges for registration.