Punjab Chief Minister Maryam Nawaz Sharif has authorized the Assan Karobar Finance Scheme, a scheme designed to promote small and medium-sized businesses in Punjab and increase the province’s economy. The program aims to increase exports, generate employment, and offer financial support to companies in many industries, including agriculture.
Approval of the Assan Karobar Finance Scheme is the CM’s goal.
By offering financial support for the launch, growth, and modernization of businesses, the Assan Karobar Finance Scheme seeks to empower entrepreneurs. It reduces unemployment and promotes Punjab’s economic growth. In order to ensure sustained growth, the funds can be utilized for working capital, asset replacement, equipment upgrading, and commercial logistics leasing. Visit Official Website
| Loan Tier | Loan Amount | Eligibility Criteria | Repayment Terms |
|---|---|---|---|
| Tier-1 Loans | Unsecured loans up to Rs 5 million | Ages 25-55 with a clean credit history | 5-year repayment term with a 6-month grace period |
| Tier-2 Loans | Secured loans from Rs 5 to Rs 30 million | Ages 25-55 with collateral | 5-year repayment term with a 3-month grace period |
| Assan Karobar Card | Interest-free loans up to Rs 1 million | Small business owners in Punjab | 3-year repayment term with a 3-month grace period |
| Phase II (2026) | Loans worth Rs 379 billion | SMEs across various sectors | Plans to support 24,000 SMEs with modern infrastructure |
Structure of the Assan Karobar Finance Scheme
Program Structure:
- Tier-1 Loans: Unsecured up to Rs 5 million with personal guarantees.
- Tier-2 Loans: Secured loans ranging from Rs 5 to Rs 30 million.
Applicants must be between the ages of 25 and 55 and have a spotless rating. The loan has a five-year repayment term with a six-month grace period for new firms and a three-month grace period for existing ones. You Can Also Read
Launch of the Assan Karobar Card Document
Small business owners may now apply for interest-free loans up to Rs 1 million using the Punjab government’s Assan Karobar Card. With a three-year term and a three-month grace period, the card uses mobile applications and point-of-sale systems to enable digital transactions. It is anticipated to help more than 100,000 small companies in the province expand and prosper.
Extra Rewards
Entrepreneurship Success Incentives Scheme
- Capital subsidy: Up to Rs 5 million for solar equipment and cleaner production technologies.
- Non-Financial Support: Advisory services for business decision-making.
- Industrial Estates Development: Establishment of new industrial zones in key areas.
- Special focus on the tannery sector in Sialkot: relocation to a dedicated Tannery Zone to reduce water pollution and improve leather export quality.
Prospective Growth
With a budget of Rs100 billion, the Punjab government intends to start Phase II of the program in 2026, helping 24,000 SMEs and providing loans totaling Rs379 billion to fortify the province’s economy and foster long-term prosperity.
Details of Contact
Assan Karobar Finance Scheme Assistance
- Email: contact@karobarcard.pk
- Helpline: 051-111-962-962
Guides the application process, eligibility requirements, and other scheme inquiries.Aims to create a robust ecosystem for SMEs, contributing to economic growth and job creation in Punjab.
Conclusion
The Assan Karobar Finance Scheme is a Punjabi government program that offers small and medium-sized businesses financial assistance, technical know-how, and contemporary infrastructure. Through interest-free loans and other incentives, it seeks to transform the entrepreneurial environment, promoting economic growth and raising the standard of living for inhabitants.
FAQs
First off, what is the Assan Karobar Finance Plan?
The Punjab government’s Assan Karobar Finance Scheme supports small and medium-sized businesses (SMEs) by offering funding for working capital requirements, equipment improvements, and company expansion.
To whom is this plan open to loan applications?
Candidates must be between the ages of 25 and 55, have a spotless credit history, and fulfill the prerequisites for either Tier-2 (secured loans from Rs 5 to Rs 30 million) or Tier-1 (unsecured loans up to Rs 5 million).
Describe the Assan Karobar Card and its operation.
For three years, small company owners can obtain interest-free loans up to Rs 1 million with the Assan Karobar Card. The card enables digital transactions using point-of-sale systems and smartphone apps.
How can the Assan Karobar Finance Scheme helpdesk be reached?
Contact the Assan Karobar Helpline at 051-111-962-962 or send an email to contact@karobarcard.pk if you need help with the application procedure or have different questions.