Punjab Government’s Asaan Karobar Card is a groundbreaking initiative that offers a tremendous opportunity for small business owners and entrepreneurs. Launched by Chief Minister Punjab, this scheme provides interest-free loans to help boost the growth of small and medium enterprises (SMEs) in the province. If you’re a business owner in Punjab, this could be your golden chance to scale your operations without worrying about high-interest rates.
What is the Asaan Karobar Card Scheme?
The Asaan Karobar Card is a revolving credit facility that offers loans up to PKR 1 million without any interest. The scheme primarily targets:
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Young Entrepreneurs
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Small Business Owners
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Startups
The program ensures transparency and convenience through mobile apps and Point-of-Sale (POS) systems, making it easier for users to manage their funds and track progress.
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Quick Overview of Asaan Karobar Card:
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Maximum Loan: Up to PKR 1 million
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Interest Rate: 0%
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Loan Tenure: 3 years
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Grace Period: 3 months
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Application Process: Simple online registration at akc.punjab.gov.pk
Step-by-Step Guide: How to Apply for Asaan Karobar Card
Follow these easy steps to apply for the Asaan Karobar Card online:
Step 1: Visit the Official Website
Go to akc.punjab.gov.pk and click on the “Register Now” button.
Step 2: Fill Out the Registration Form
Provide your personal details such as:
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Full Name (as per your CNIC)
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CNIC Number and Date of Birth
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Father’s/Husband’s Name
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Valid Mobile Number (must be active)
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Strong Password
Step 3: Submit and Confirm Your Registration
After filling out the form, click Register. You will receive a confirmation SMS on your mobile.
Step 4: Log in and Explore Your Dashboard
Visit the website again to log in using your CNIC and password. Here, you will find all the loan services and updates regarding your application.
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Eligibility Criteria for Asaan Karobar Card
To apply for the Asaan Karobar Card, you must meet the following eligibility criteria:
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Pakistani and Punjab Resident
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Age between 21–57 years
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Valid CNIC and Registered Mobile Number
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Business registered or planning to start in Punjab
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Clean Credit History
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Psychometric & Credit Assessment Passed
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PRA/FBR Registration within 6 months
Required Documents for Application
Before applying, ensure you have the following documents ready:
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CNIC (Front & Back)
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Proof of Residence
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Business Premises Verification
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PRA/FBR Registration Papers
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Bank & Credit Records
Loan Usage & Repayment Details
Loan Distribution:
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First 50% of the loan is available within the first 6 months.
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Second 50% is granted once the first half is used and repaid.
Repayment:
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Monthly Installments: A minimum of 5% per month.
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Grace Period: No repayment required for the first 3 months.
Note: Loans are strictly for business purposes only. Personal expenses are not allowed.
Charges & Fees
Here are the charges you should be aware of:
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Annual Card Fee: PKR 25,000 + FED (deducted from the loan limit)
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Life Assurance & Delivery Cost: Additional charges apply
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Late Payment Penalty: As per bank policy
How to Check Your Asaan Karobar Loan Status
If you have already applied for the Asaan Karobar Card, here’s how you can check the status of your application:
Online Portal:
Log in to the official portal to track your application status in real-time.
SMS Service:
Send a message with the format STATUS [Application ID] to 8300.
Helpline:
Call 051-9053333 or +92-51-9053333 for assistance.
In-person Inquiry:
Visit your nearest NBP branch with your CNIC to inquire about your application status.
Commonly Asked Questions (FAQs)
Q1: How long does it take for the card to be issued?
A: The first card (with a limit of Rs. 500,000) will be issued initially. The second card will be issued a few months later.
Q2: Can I apply for more than one loan?
A: No, you are allowed to apply for only one loan per individual or business.
Q3: What can I use the loan for?
A: The loan is strictly for business-related expenses, such as vendor bills, utility payments, and government fees.
Q4: What should I do if my application is delayed?
A: Check if all documents are uploaded correctly, verify NADRA records, or contact the support team for assistance.
Q5: Is there a fixed budget for the scheme?
A: Yes, the total budget for the scheme is 84 billion PKR, with 48 billion PKR allocated specifically for the Asaan Karobar Card.
Conclusion:
The Asaan Karobar Card is a game-changer for small business owners and entrepreneurs in Punjab. With its interest-free loans, it provides an incredible opportunity to grow your business and contribute to the economy.
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Make sure to submit your application correctly.
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Track your application status using the official portal or SMS.
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Take advantage of this transparent, easy-to-use loan facility for business growth!
Apply today and turn your entrepreneurial dreams into reality.