Karobar Card Loan Scheme Punjab 2025
With the start of the CM Punjab Asaan Karobar Finance Scheme and the Asaan Karobar Card, the Punjab government, led by Chief Minister Maryam Nawaz Sharif, has made a major move in its goal of helping medium-sized enterprises (SMEs). The goals of this program are to empower entrepreneurs, increase economic growth, and give eligible business owners interest-free loans. Here, we offer an in-depth primer to assist you grasp and take benefit of this program.
Quick Information Table
| Program Name | CM Punjab Asaan Karobar Finance Scheme (Asaan Karobar Card) |
| Start Date | January 2025 |
| End Date | December 2025 |
| Loan Amount | Rs. 500,000 to Rs. 30 million |
| Type of Assistance | Interest-Free Loan |
| Application Method | Online (via PITB portal) |
Overview of the Asaan Karobar Card Loan Scheme in Punjab
The goal of the Karobar Card Loan Scheme Punjab is to foster a culture that promotes company achievement. New and established business owners in Punjab have access to interest-free loans with flexible payback plans. The program simplifies the application procedure with the assistance of the Punjab Information Technology Board (PITB), ensuring ease and transparency for businesses.
Eligibility Criteria for the Asaan Karobar Card Loan Scheme
To qualify for this scheme, applicants need to meet specific supplies:
- Residency: Must be a resident of Punjab.
- Age Range: Applicants must be between 25 to 55 years old.
- Inclusivity: Open to men, women, transgender folks, and persons with incapacities.
- Required Documents: A valid Computerized National Identity Card (CNIC) and National Tax Number (NTN) are essential.
- Business Premises: Applicants must deliver proof of ownership or fee of their business buildings to ensure working stability.
How to Apply Online for the Asaan Karobar Card Loan Scheme
The application process for the Karobar Card Loan Scheme Punjab is entirely digital. Follow these steps:
- Visit the PITB Portal: Access the official website to begin the request.
- Fill Out the Form: Enter your personal details, business information, and loan requirements.
- Upload Required Documents:
- CNIC
- NTN
- Proof of business premises (ownership/rental agreement).
- Pay Processing Fee: Submit a non-refundable fee of PKR 500.
- Submit for Verification: The PITB system will verify your details. Once approved, your loan will be treated and paid.
Loan Amounts of Asaan Karobar Card
The scheme offers financial support tailored to different business needs:
- Loan Amounts:
- Rs. 500,000 to Rs. 1 million for the Asaan Karobar Card.
- Up to Rs. 30 million under the wider Asaan Karobar Finance Scheme.
- Repayment Terms:
- Loans are interest-free and must be repaid over three years.
- The first 50% of the loan is disbursed closely, with a three-month grace period before repayments begin.
- Monthly repayments start at a least of 5% of the outstanding loan balance (principal only).
- Additional Disbursements: The second half of the loan is if after showing suitable use of the first helping and meeting sum criteria.
Required Documents for the Asaan Karobar Card Loan Application
Before applying, ensure you have the following documents:
- CNIC (Computerized National Identity Card).
- NTN (National Tax Number).
- Proof of Business Premises: Ownership or rental contract.
- Bank Account Details: For loan payment.
Benefits of the Asaan Karobar Card
The Asaan Karobar Card offers important advantages for business owners:
- Interest-Free Loans: Access to financial support without the burden of interest payments.
- Flexible Repayments: Manageable repayment plans over three years.
- Government Support: Extra inducements such as backed land for trades and solar systems for industrial units in export zones.
PITB Portal for Applications
The PITB portal ensures a user-friendly and see-through application process. Applicants can submit their forms, pay the dispensation fee, and track their application status suitably online.
Contact Information and Helpline for the Asaan Karobar Card Scheme
For further assistance, you can reach out to the official helpline:
- Helpline Number: 1786
- Official Website: Asaan Karobar Finance
Success Stories of Entrepreneurs Benefiting from the Asaan Karobar Card
The Karobar Card Loan scheme Punjab has already distorted the lives of many tycoons. Small builders, women entrepreneurs, and tech startups have exploited the loans to enlarge their businesses and achieve growth. These success stories climax the scheme’s possible to authorize persons and uplift Punjab’s cheap.
Conclusion
The Punjab Asaan Karobar Card Loan Scheme 2025 is a innovative creativity to support entrepreneurs in Punjab. Offering interest-free loans with flexible payment terms, it’s an excellent opportunity for businesses to grow and thrive. Whether you’re initial a new venture or looking to increase an existing one, this scheme delivers the monetary backing you need.