The Punjab Government has started a new loan scheme. This scheme will help the economy grow. It will give support to entrepreneurs and new businesses. This scheme is called the Asaan Karobar Finance Scheme. It will give interest-free loans up to 30 million rupees. The purpose is to help people start small and medium businesses in Punjab. These loans are easy to get. The process is online. The loans will also help create jobs and increase exports.
🔸 Important Information
| Detail | Description |
|---|---|
| Scheme Name | Asaan Karobar Finance Scheme |
| Loan Type | Interest-Free |
| Maximum Loan Amount | Up to 30 Million PKR |
| Loan Tenure | Up to 5 Years |
| Eligible Age | 25 to 55 Years |
| Area of Operation | Punjab Only |
| Credit History | Must Be Clean |
| Tax Status | Must Be Active Filer in FBR |
| CNIC | Required |
| NTN | Required |
| Application Mode | Online |
| Business Type | New and Existing |
| Helpline | 1786 |
| Grace Period | 6 months for new 3 months for existing |
🔹 What is Asaan Karobar Scheme
This is a big step by the Punjab government. The aim is to support business. It will also support small and medium enterprises called SMEs. The scheme gives loans without interest. The loan is available for up to 30 million PKR. The scheme will help people in agriculture and services sectors also. It was approved by CM Maryam Nawaz Sharif. She also said free land will be given to new businesses.
🔹 Who Can Apply
People aged between 25 to 55 years can apply. The applicant must have a valid CNIC and NTN. They must be tax filers and have a clean credit history. Business must be in Punjab. You must own or rent your business space. The scheme is for small businesses with sales up to 150 million PKR. It also includes medium businesses with sales up to 800 million PKR.
🔹 Loan Details
There are two tiers in this loan scheme.
Tier 1
- Loan up to 5 million
- Needs personal guarantee
- Tenure up to 5 years
- No interest
- Processing fee is 5000 PKR
Tier 2
- Loan from 6 million to 30 million
- Requires security
- Tenure up to 5 years
- No interest
- Processing fee is 10000 PKR
🔹 Equity Share
- Tier 1: 0 percent
- Tier 2: 20 percent
- For leased vehicles: 25 percent
- For females and special persons: only 10 percent
🔹 Other Costs
- No handling charges for new businesses
- 3 percent charges for running businesses
- No charges for climate-friendly businesses
- Insurance and legal fees are extra
🔹 How to Apply Online
Step 1: Click on Apply Button on the official portal
Step 2: Fill your profile
- Name
- CNIC
- Phone
- Age
- Gender
- Address
- NTN
Step 3: Fill loan information
- Choose Tier
- Loan amount
- Business start date
- Credit history
Step 4: Enter business details
- Name of business
- Contacts
- Employees
Step 5: Fill financial details
- Nature of business
- Business purpose
Step 6: Add references
- Not blood relatives
Step 7: Upload documents
- Submit your application
🔹 Extra Benefits
The scheme offers more than loans. It gives a capital subsidy of 5 million for solar equipment. It also helps in setting up small industries. The government will also give business guidance. Businesses can take land on lease for 30 years.
🔹 Future Plans
In 2025-2026 the government will start Phase 2. This new phase will support 24000 SMEs. The total loan fund will go up to 100 billion rupees. The aim is to boost the economy more.
🔹 Asaan Karobar Card
The government will launch the Asaan Karobar Card. It is also called the Asaan Business Card. It will give loans up to 1 million PKR. These loans are for a time of three years. This card will help more than 100000 small businesses. The money will go only for business uses.
🔹 Who Started This Scheme
This scheme is started by CM Maryam Nawaz. Her focus is to grow Punjab’s economy. She wants to support housing agriculture and renewable energy. She wants to give young people a chance to become business owners.
🔹 Repayment Terms
You will pay the loan in equal monthly payments. If you pay late you will be charged 1 rupee per 1000 per day.
🔹 FAQs
Q1: Is the loan really interest-free?
Yes it is 100 percent interest-free.
Q2: What is the age limit for this scheme?
You must be between 25 and 55 years old.
Q3: How can I check my application status?
You can check it online after login.
Q4: What is the helpline number?
The number is 1786.
The Asaan Karobar Finance Scheme is a golden opportunity for people in Punjab. It gives free money to start or grow your business. You do not have to pay any interest. You can apply online in simple steps. This scheme is made to help young people women and disabled persons. If you want to start your own business then this is the right time. Stay updated for new announcements and apply as soon as it opens.