Small regional investors may apply for interest-free loans between PKR 100,000 and PKR 1 million under the Punjab government’s Asaan Karobar Card Scheme 2025. The program’s goal is to boost economic growth and assist small companies, and it is run using electronic tools, including point-of-sale systems and smartphone applications.
Key Features of PKR Loan:
• Loan Amount: Up to PKR 1 million
• Tenure: 3 years
• Grace Period: 3 months from card issuance
• Repayment Term: 24 monthly installments
• Usage: Payments to vendors, utility bills, government fees, taxes, cash withdrawals
• Interest Rate: 0%
Qualifications for the Asaan Karobar Card Program
Asian Karobar Card Scheme Qualification Criteria:
• Resident of Punjab.
• Age between 21-57 years.
• Valid CNIC and registered mobile number.
• Business located in Punjab.
• Satisfactory credit and psychometric assessment.
• Maximum one application per individual and business.
Documents Needed for the Asaan Karobar Card Program
Applicants’ document requirements:
• CNIC: Valid national identity card.
• Proof of Residence: Utility bills, rent agreement, or domicile verification.
• Business Registration: Certificate or proof of registered business in Punjab.
• Business Plan: Detailed plan explaining loan utilization and goals.
• Bank Statements: Past 6 months’ bank transaction history.
• Income Proof: Documentation of existing income or revenue streams.
• Photographs: Recent passport-size photographs.
• Guarantor Details: CNIC and financial details.
• Tax Documents: NTN or proof of tax filing. Read More
Sign up for the Asaan Karobar Card Program.
Asaan Karobar Card Scheme Application Process
• Visit the official Asaan Karobar portal: akf.punjab.gov.pk.
• Sign up using a registered mobile number.
• Fill out the application form with personal and business information.
• Upload required documents.
• Pay a non-refundable application fee of PKR 5,000 for Tier 1 (PKR 1 million) and PKR 10,000 for Tier 2 (PKR 6 million to PKR 30 million).
• Review and apply.
• Monitor application status via SMS updates or portal login.
Use of the Asaan Karobar Card Loan and Information on Repayment
Loan Limit Overview
• First 50% available within 6 months.
• Grace period: 3 months post-card issuance.
• Repayment: 5% monthly payment after grace period.
• Second 50% released upon satisfactory usage, regular repayments, and PRA/FBR registration.
Charges & Fees for Asaan Karobar Cards
Annual Card Fee: PKR 25,000 + FED, recovered from the approved limit.
• Additional charges: life assurance, card issuance, delivery.
• Late payment: charges as per bank’s policy/schedule.
The Security and Verification of Asaan Karobar Cards
Loan Guarantee Overview
• Digitally signed a personal guarantee.
• Life assurance included.
• Physical business premises verification within 6 months of loan approval.
Essential Conditions
Fund Usage and Registration
• Funds core business activities.
• Mandatory PRA/FBR registration within six months.
• Application limit: one per individual/business.
Conclusion
Small company owners may build and maintain their enterprises with interest-free loans from the Punjab government’s Asaan Karobar Card Scheme 2025, which supports the province’s economic growth.