Breaking News 2025: Asan Karobar Finance Register Now at Portal akf.punjab.gov.pk

The Punjab government has launched the Asan Karobar Finance Scheme to empower small and medium-sized enterprises (SMEs) by providing interest-free loans. This initiative aims to stimulate economic growth and foster entrepreneurship across the province.

Loan Tiers and Details

TierLoan AmountSecurityRepayment PeriodApplication Fee
T1PKR 1 million to PKR 5 millionPersonal guaranteeUp to 5 yearsPKR 5,000
T2PKR 6 million to PKR 30 millionProperty or assets as collateralUp to 5 yearsPKR 10,000

Additional Loan Details include:

  • Grace Period: Up to 6 months for new businesses and 3 months for existing ones.
  • Equity Contribution: None for T1, except for leased vehicles (25%). For other cases under T1 and T2, it’s 20%. Women, transgender, and differently-abled persons pay only 10%.
  • Late Fees: PKR 1 for every PKR 1,000 overdue per day.
  • Other Costs: No yearly fees for new or eco-friendly businesses. Existing businesses in T2 pay 3% per year. Legal, insurance, and registration costs are extra.

Read More: Dynamic Registration for Eligible Women

Asan Karobar Finance Register

Eligibility Criteria for the Asan Karobar Finance

To qualify for the Asaan Karobar Finance Scheme, applicants must meet the following criteria:

  • Business Size:
    • Small Enterprises: Annual sales up to PKR 150 million.
    • Medium Enterprises: Annual sales between PKR 150 million and PKR 800 million.
  • Age: Entrepreneurs between 25 to 55 years old.
  • Compliance: Regular taxpayers with no history of bad credit.
  • Location: Both residence and business should be in Punjab.
  • Identification: Valid Computerized National Identity Card (CNIC) and National Tax Number (NTN).
  • Business Premises: Ownership or rental agreement for the business location.

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Required Documents for the Asan Karobar Finance

Before starting the application, ensure you have the following documents:

  • Passport-size photograph or selfie.
  • Scanned copies or clear photos of your CNIC (front and back).
  • A mobile number registered under your name.
  • Names, CNIC copies, and mobile numbers of two references (not blood relatives).
  • Proof of tax filing status.
  • Business documents detailing income and expenses.
  • Proof of business and residence addresses (e.g., rent agreement, transfer letter, registry).
  • Details of security to be offered for T2 loans (e.g., property transfer letter, registry, government securities).

Read More: Punjab Socio-Economic Registration

Asan Karobar Finance Register Process

Follow these steps to apply for the Asaan Karobar Finance Scheme:

  1. Prepare Documents: Gather all necessary documents as listed above.
  2. Register Online: Visit the official portal at akf.punjab.gov.pk and sign up using your registered mobile number.
  3. Complete Application Form: Fill out the application form, which takes approximately 15 minutes. You can save your progress and complete it later if needed.
  4. Upload Documents and Pay Fee: Upload all required documents and pay the non-refundable application fee (PKR 5,000 for T1 and PKR 10,000 for T2).
  5. Submit and Track Application: After submission, you’ll receive a registration number via screen and SMS. Track your application status through SMS updates or on the portal.

Conclusion

The Asaan Karobar Finance Scheme is a significant opportunity for SMEs in Punjab to access interest-free loans, fostering business growth and contributing to the province’s economic development. Eligible entrepreneurs are encouraged to apply through the official portal akf.punjab.gov.pk to take advantage of this initiative.

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FAQs

What is the application fee?

PKR 5,000 for Tier 1 and PKR 10,000 for Tier 2 loans, both non-refundable.

How long does the application process take?

Completing the application form takes approximately 15 minutes.

Can I save and continue the application later?

Yes, you can save your progress and complete the application at a later time.

How do I check my application status?

You will receive SMS updates or can check the status on the Asaan Karobar portal.

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