The CM Punjab Asaan Karobar Card is not just a financial tool it’s a life-changing initiative for entrepreneurs in Punjab who wish to take their businesses to the next level. With 84 billion rupees allocated for this initiative, small business owners now have the chance to access
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interest-free loans of up to 1 million rupees. This article will guide you through the process of applying for the Asaan Karobar Card and explain its key features in detail.
84 Billion Rupees Allocated for the Asaan Karobar Scheme
The Punjab government is making a significant investment in the future of small businesses. With a focus on economic growth and empowerment, the government has allocated 84 billion rupees to the Asaan Karobar Scheme. A major portion of this funding is directed toward the Asaan Karobar Card, designed to provide financial assistance to young and new business owners, allowing them to grow their businesses without the burden of high-interest loans.
| Program Features | Details |
| Maximum Loan Amount | Up to 1 million rupees |
| Interest Rate | Zero percent |
| Loan Duration | Up to 3 years |
| Processing Fee | 500 rupees |
How to Apply for the Asaan Karobar Card Online
Applying for the Asaan Karobar Card is simple, and you can complete the entire process from the comfort of your home. Here’s how you can apply:
- Visit the Official Website: Go to akc.punjab.gov.pk to begin your application.
- Fill Out the Application Form: Enter your personal and business details accurately.
- Pay the Processing Fee: A fee of 500 rupees will need to be paid during the application process.
- Upload Required Documents: Upload your CNIC, business proof, and residence proof.
- Submit Your Application: After reviewing all the details, click on the Submit button.
How to Register for the Asaan Karobar Card
Registration is the first step to obtaining the Asaan Karobar Card.
Step 1: Visit the Registration Page
Go to akc.punjab.gov.pk and click on the “Register Now” button.
Step 2: Enter Your Details
Fill in your name, CNIC, contact number, and a secure password for your account.
Step 3: Review and Submit
After double-checking your information, click Submit. You will receive a confirmation message once your registration is successfully completed.
How to Log In to Your Asaan Karobar Card Account
Logging in allows you to manage your business funds and track your loan status.
Step 1: Visit the Login Page
Go to the homepage and click on the Login button.
Step 2: Enter Your Credentials
Enter your CNIC number and the password you created during registration.
Step 3: Access Your Dashboard
Once logged in, you’ll have access to your dashboard, where you can manage your loan, track payments, and view available funds.
Useful Tips for Easy Login and Account Management
- Double-check Your Information: Ensure your CNIC and password are correct.
- Stable Internet Connection: Use a stable internet connection to avoid interruptions during login.
- Keep Your Password Safe: Never share your login details with anyone.
What is the Asaan Karobar Card Program?
The Asaan Karobar Card is a financial solution designed to empower entrepreneurs across Punjab. It offers interest-free loans to small businesses, allowing them to overcome financial challenges and grow their ventures. Thanks to the revolving credit facility, entrepreneurs can access funds as needed and repay them in easy installments.
Eligibility Criteria
To be eligible for the Asaan Karobar Card, you must meet the following criteria:
- Age: Between 21 and 57 years.
- Business Ownership: You should either own an existing business or provide a well-documented business plan.
- Residence: You must be a resident of Punjab.
- Clear Credit History: You should have a clear credit history.
- CNIC: A valid CNIC and active mobile number are required.
A loan based on an individual’s regular income, typically for personal use, such as home or car loans, where repayments are linked to the borrower’s monthly earnings
Loan Usage and Repayment Details
The Asaan Karobar Card provides loans up to 1 million rupees. Here’s how the loan can be used and repaid:
- First 50% Loan: Available within 6 months.
- Grace Period: A 3-month grace period is provided after loan approval.
- Loan Duration: The full loan must be repaid within 24 months.
- Revolving Credit: You can reuse the loan within the first 12 months if you’ve repaid the first installment on time.
Charges and Fees
- Card Issuance Fee: 25,000 rupees (this will be deducted from the loan amount).
- Late Payment Penalty: A small penalty will be applied if payments are delayed.
- Processing Fee: A 500 rupees fee is required during application submission.
Key Features of the Asaan Karobar Card
- Interest-Free Loan: Get a loan without paying any interest.
- Online Application: A simple application process with minimal documentation required.
- Business Flexibility: The loan can be used for operational costs or business expansion.
- Transparency: You can track your loan status and payments.
Helpline for the Asaan Karobar Card
If you need assistance with the Asaan Karobar Card application or have general questions, you can reach out via the following channels:
- Helpline Number: 1786
- WhatsApp Support: For immediate assistance, use the WhatsApp channel.
- Official Website: Visit akc.punjab.gov.pk for more information.
Conclusion
The Asaan Karobar Card is a revolutionary step taken by the Punjab government to support small businesses. With its interest-free loans and easy application process, this scheme provides entrepreneurs with an opportunity to overcome financial hurdles and achieve their business goals.
FAQs related Asaan Karobar Card
How much loan can I get with the Asan Karobar Card?
You can get a loan of up to 1 million rupees, depending on your eligibility
How will I repay the loan?
Repayment will be made in monthly installments, and you’ll have a 3-month grace period after loan approval.
What is a Karobar Loan?
A loan provided to support or grow a business, typically for purchasing assets, working capital, or expanding operations.
What is the Maximum Loan Amount in Pakistan?
It varies based on the type of loan and the lender’s terms. For example, the Asan Karobar Card offers loans up to 1 million rupees.
What is an Income Loan?
A loan based on an individual’s regular income, typically for personal use, such as home or car loans, where repayments are linked to the borrower’s monthly earnings
