CM Punajb Asaan Karobar Scheme Online Registartion

Asaan Karobar Scheme

The Punjab government, under the leadership of Chief Minister Maryam Nawaz Sharif, has taken a historic step to support small and medium businesses across the province. The Asaan Karobar Scheme and Asaan Karobar Card initiatives aim to empower entrepreneurs and provide them with the financial support needed to thrive. These schemes are designed to offer interest-free loans and other incentives to help businesses grow, creating opportunities for economic progress and development.

Inaugurating these revolutionary initiatives, Maryam Nawaz Sharif emphasized that this is not just about providing loans – it’s about building an inclusive and prosperous Punjab where everyone has the opportunity to succeed, regardless of their background or gender.

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Eligibility Criteria

The Asaan Karobar Scheme is open to individuals who aim to establish or expand their businesses. Key eligibility criteria include:

The applicant must be a resident of Punjab.
Small and medium enterprise (SME) owners are encouraged to apply.
Applications are open to individuals regardless of gender, promoting inclusivity.

How to Apply

Interested individuals can apply for the Asaan Karobar Scheme by following these steps:

Visit the official website http://akf.punjab.gov.pk for the scheme or http://akc.punjab.gov.pk for the card.
Fill out the application form with accurate details.
Attach the necessary documents as per the application requirements.
For assistance, call the dedicated helpline at 1786, where representatives will guide you through the process.

The application process has been simplified to ensure ease for everyone, with no need for NOCs, licenses, or building plan approvals.

Loan Details

The Asaan Karobar Scheme offers loans in two tiers:

Tier 1: Loans between PKR 1 million and PKR 5 million.

Security: Personal Guarantee
Tenure: Up to 5 years
End-User Rate: 0% interest
Processing Fee: PKR 5,000

Tier 2: Loans between PKR 6 million and PKR 30 million.

Security: Secured loans
Tenure: Up to 5 years
End-User Rate: 0% interest
Processing Fee: PKR 10,000

Additionally, the Asaan Karobar Card facilitates smaller loans ranging from PKR 500,000 to PKR 1 million, providing further support for budding entrepreneurs.

Repayment Terms

The repayment structure is designed to be easy and accessible:

Equal monthly installments are scheduled as per the loan approval terms.
Late charges are nominal, set at PKR 1 per 1,000 per day on overdue amounts.

Conclusion

The Asaan Karobar Scheme and Card represent a groundbreaking initiative by the Punjab government to promote entrepreneurship and strengthen the province’s economy. By providing interest-free loans, removing bureaucratic hurdles, and offering additional incentives like subsidized land and export benefits, the government is paving the way for small and medium enterprises to flourish.

This initiative is a testament to the commitment of Chief Minister Maryam Nawaz Sharif to create a business-friendly environment and ensure economic growth. Aspiring entrepreneurs are encouraged to take advantage of this opportunity to make their business dreams a reality and contribute to a prosperous Punjab.