Asaan Karobar Finance Card Apply Online Through akc.punjab.gov.pk
The Punjab government has introduced the CM Punjab Asaan Karobar Card to help small business owners and entrepreneurs. This initiative offers interest-free loans up to PKR 1 million to support the growth of small and medium businesses. The program uses digital tools like mobile apps and POS systems to make the process transparent and convenient. It aims to help entrepreneurs manage and maintain their businesses easily. This is an important step in promoting economic growth and empowering small businesses across Punjab. Check Primary level elementary level and Higher Secondary level STI School Education Department Merit List Jhang from here.
84 Billion Rupees Allocated for Aasaan Karobaar Scheme
Under the leadership of Punjab’s Chief Minister Maryam Nawaz Sharif, the Aasaan Karobaar Finance Scheme and Aasaan Karobaar Card Scheme have been launched. These programs are designed to support young entrepreneurs, small businesses, and startups by offering interest-free loans. With a budget of 84 billion rupees, which includes 48 billion rupees for the Aasaan Karobaar Card, these programs are crucial for economic growth and job creation in Punjab. They also promote inclusivity and help individuals contribute to the province’s economic development.
Key Features
- Maximum Loan Limit: PKR 1 million
- Interest Rate: 0%
- Loan Tenure: 3 years
- Grace Period: 3 months
- Loan Type: Revolving credit facility
- Application Process: Online via akc.punjab.gov.pk
How to Apply for the Asaan Karobar Card
Follow these steps to apply for the Asaan Karobar Card:
- Visit the official website: akc.punjab.gov.pk.
- Fill out the online application form with correct personal and business details.
- Pay a non-refundable processing fee of PKR 500.
- Upload required documents like your CNIC and proof of residence.
- Your CNIC, business location, and creditworthiness will be verified digitally.
- After approval, your Asaan Karobar Card will be issued for use in business transactions.
For any questions or assistance, contact the helpline at 1786.
How to Register for the Asaan Karobar Card
Follow these steps to register:
Step 1: Visit the Official Portal
Go to akc.punjab.gov.pk and click “Register Now.”
Step 2: Fill the Registration Form
- Enter your full name as per your CNIC.
- Add your CNIC number.
- Specify your date of birth from your CNIC.
- Enter your father’s or husband’s name.
- Fill in the CNIC issue and expiry dates.
Step 3: Add Contact Info
- Provide your valid mobile number and select the mobile network.
- Make sure the number is active for updates.
Step 4: Set Up a Password
- Create a strong password.
- Confirm the password by entering it again.
Step 5: Review and Submit
- Double-check all details.
- Click the “Register” button and you’ll get a confirmation message on your mobile phone.
How to Log In to Your Asaan Karobar Card Account
After registering, logging in is easy:
Step 1: Visit the Login Page
Go to akc.punjab.gov.pk and click on the “Login” option.
Step 2: Enter Your Credentials
- Enter your CNIC number.
- Type in the password you created during registration.
Step 3: Access Your Dashboard
Click “Login” and you will be taken to your dashboard where you can use all the services offered under the Asaan Karobar Card program.
Tips for Smooth Login
- Ensure your details are correct.
- Use a stable internet connection.
- Keep your password safe.
About the Asaan Karobar Card Program
The CM Punjab Asaan Karobar Card is an important initiative to provide financial support to small businesses. With interest-free loans up to PKR 1 million, this program helps businesses overcome financial challenges and grow. The flexible repayment options and revolving credit facility make it a practical solution for small and medium businesses aiming to expand. This program reflects the Punjab government’s efforts to boost entrepreneurship and strengthen the economy.
Eligibility Criteria
To qualify for the Asaan Karobar Card, applicants must:
- Be a Pakistani citizen and a resident of Punjab.
- Be between 21 and 57 years old.
- Have a valid CNIC and a registered mobile number.
- Own or plan to own a business in Punjab.
- Have a clean credit history.
- Pass psychometric and credit assessments.
- Register the business with PRA/FBR within six months after receiving the card.
- Only one application is allowed per person or business.
These criteria make sure that the scheme supports real small business owners in need of help.
Loan Usage and Repayment Details
The Asaan Karobar Card offers flexible loan usage and repayment options:
- First 50% of the loan: Available within six months after approval.
- Grace period: Three months before repayment begins.
- Monthly installments: At least 5% of the remaining loan balance each month.
- Second 50% of the loan: Released after the first half is used properly and repaid on time.
- Equal Monthly Installments (EMIs): The rest of the balance must be repaid over 24 months after the first year.
The funds can be used for business-related expenses like vendor payments, utility bills, and government fees. Personal expenses are not allowed.
Charges and Fees
There are minimal charges to make the Asaan Karobar Card affordable:
- Annual card fee: PKR 25,000 plus FED, deducted from the loan limit.
- Other charges: Include life assurance, card issuance, and delivery costs.
- Late payment penalty: As per the bank’s policy for delayed payments.
These charges ensure that the program remains sustainable while offering maximum benefits to small businesses.
FAQs
Q1: How can I apply for the Asaan Karobar Card?
A1: Visit the official website akc.punjab.gov.pk, fill out the application form, upload documents, pay a processing fee, and your details will be verified.
Q2: What documents are needed for the Asaan Karobar Card?
A2: You need your CNIC, proof of residence, and other required business-related documents.
Q3: What is the repayment period for the Asaan Karobar Card loan?
A3: The loan is repayable over three years, with the first 50% accessible within six months, and the second half available after proper usage and repayment.
Q4: Can the loan be used for personal expenses?
A4: No, the loan can only be used for business-related expenses like vendor payments, utility bills, and government fees.