The Punjab government has officially launched the disbursement of interest-free loans under the Asaan Karobar Finance Scheme 2025. This initiative aims to support small businesses and startups by providing financial assistance with minimal conditions.
Overview of the Asaan Karobar Finance Scheme
The Punjab government has allocated a substantial budget to facilitate entrepreneurs, especially those facing financial constraints. The scheme is divided into two primary categories:
- Asaan Karobar Card Scheme – Offers loans up to PKR 10 lakh (1 million) interest-free.
- Asaan Karobar Finance Scheme – Provides loans up to PKR 3 crore (30 million) with specific conditions.
Eligibility Criteria for Asaan Karobar Card Scheme
This category is designed for small businesses and individuals looking for startup capital. The eligibility requirements include:
- Applicants must be residents of Punjab.
- Age between 21 and 57 years.
- Must have a valid CNIC and a registered mobile SIM under the applicant’s name.
- Should be an active tax filer with FBR.
Loan Amount and Repayment
- Maximum loan limit: PKR 10 lakh.
- Repayment period: 3 years.
- No collateral required.
- Interest-free financing.
Eligibility Criteria for Asaan Karobar Finance Scheme
For those seeking a larger loan amount, the following conditions apply:
- Applicants must be residents of Punjab.
- Age between 25 and 55 years.
- Valid CNIC and active tax filer status.
- No prior loan default history.
- Business location must be either owned or rented with proper documentation.
Loan Amount and Repayment
- Loans range from PKR 10 lakh to PKR 3 crore.
- Repayment period: 5 years.
- Loans above PKR 50 lakh require security or collateral.
- Processing fees apply.
How to Apply for the Asaan Karobar Finance Scheme
Step-by-Step Application Process
- Visit the official website of the Punjab Government’s loan scheme.
- Register your details by filling out the online application form.
- Upload required documents, including:
- Copy of CNIC.
- One-year bank statement (or mobile banking statement for Easypaisa/JazzCash users).
- Business details (for established businesses).
- Submit the application and wait for approval.
Important Considerations
- A processing fee is required for loan application submission.
- Successful applicants will receive a special card through which loan funds will be disbursed.
- The first PKR 5 lakh must be utilized within six months, after which additional funds may be released based on business registration with FBR or PRA.
- Loan repayment starts after six months (for startups) and three months (for existing businesses).
The Punjab Government’s Asaan Karobar Finance Scheme is a golden opportunity for aspiring entrepreneurs to secure interest-free funding. By fulfilling the eligibility criteria and following the application process carefully, individuals can take advantage of this initiative to grow their businesses and contribute to economic development.
For further details and application submission, visit the official website of the Punjab government’s loan scheme today.
