Looking to expand or start your own business in Punjab without the burden of interest? The assan karobar card is a transformative financial initiative launched under the leadership of CM Punjab Maryam Nawaz, offering interest-free business loans of up to PKR 1 million through a digital SME card. This powerful support system is part of a broader effort to empower small and medium enterprises (SMEs) and boost economic resilience across the province.
What is the Asaan Karobar Card?
The Asaan Karobar Card is a financial tool designed specifically for small entrepreneurs in Punjab. Unlike traditional business loans, this card offers a revolving credit facility, which means entrepreneurs can withdraw, repay, and reuse their loan amount throughout the loan tenure. With zero interest and easy repayment terms, it provides much-needed liquidity and support for business growth.
Key Features and Loan Structure
- Loan Amount: Up to PKR 1,000,000
- Interest Rate: 0% (Interest-Free)
- Loan Tenure: 3 Years
- Grace Period: 3 months from the card issuance date
- Repayment: 24 equal monthly installments after the grace period
- Usage: For business-related expenses like vendor payments, utility bills, government fees, and POS/mobile app transactions
Eligibility Criteria
To apply for the Asaan Karobar Card, applicants must meet the following requirements:
- Age between 21 to 57 years
- Must be a resident of Punjab
- Must be a Pakistani national with a valid CNIC
- Have a registered mobile number (in the applicant’s name)
- Operate an existing or proposed business within Punjab
- Possess a clean credit history with no outstanding loans
- Only one application is allowed per person/business
Step-by-Step Application Process
- Register Online: Visit the official application portal and create an account using your CNIC and mobile number.
- Fill Out Personal Details: Provide accurate information including name, DOB, address, education, and employment status.
- Submit Business Details: Enter information about your current or proposed business—nature, location, and expected revenue.
- Provide Loan Information: Mention the required loan amount, purpose, and repayment plan.
- Upload Documents: Attach your CNIC (front & back), utility bills, rent agreement, or proof of business.
- Pay the Fee: A non-refundable PKR 500 processing fee is required to complete the application.
- Submit Application: Double-check all details before submitting. You’ll receive a confirmation number to track your status.
Verification and Disbursement
Once submitted, your application undergoes digital, financial, and physical verification. This includes:
- CNIC and biometric checks
- Credit history and psychometric evaluation
- Business site visits (if required)
- FBR and PRA registration confirmation
If approved, you’ll receive your SME card pre-loaded with the approved credit amount, which can be used for eligible business transactions.
Why the Asaan Karobar Card is a Game-Changer
This scheme is not just about financing—it’s about enabling long-term economic empowerment. With flexible access to capital and zero interest, entrepreneurs gain confidence to:
- Scale operations
- Manage cash flow
- Build digital transaction habits
- Create jobs in local communities
Moreover, the card reduces dependency on informal lending networks, promotes financial inclusion, and encourages transparent business practices through digital verification.
Final Thoughts
Punjab’s Asaan Karobar Card isn’t just a loan program—it’s a bold move toward inclusive economic development. Whether you’re launching a startup or expanding a local enterprise, this initiative provides the structure, flexibility, and support you need to succeed.
Stay tuned to cmp-punjab.com.pk for registration updates, and if you’re eligible, seize this opportunity to transform your business vision into reality.