In a significant move to bolster small and medium-sized enterprises (SMEs) in Punjab, Chief Minister Maryam Nawaz Sharif has introduced the “Asan Karobar Finance Scheme” and the “Asan Karobar Card.” These initiatives aim to provide interest-free loans to entrepreneurs, facilitating business growth and economic development in the province.
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The Asan Karobar Finance Scheme offers interest-free loans ranging from Rs. 1 million to Rs. 30 million. Beneficiaries can repay these loans through easy installments, making it accessible for businesses to expand without financial strain.
| Feature | Details |
| Program Name | Asan Karobar Finance Scheme & Karobar Card |
| Loan Amount (Finance Scheme) | Rs. 1 million to Rs. 30 million |
| Loan Amount (Karobar Card) | Rs. 500,000 to Rs. 1 million |
| Application Start Date | January 20, 2025 |
| Application Deadline | February 28, 2025 |
| Required Documents | CNIC, Proof of Residence, Business Plan, etc. |
| Application Method | Online via akf.punjab.gov.pk and akc.punjab.gov.pk |
| Helpline Number | 1786 |
Asan Karobar Card
Complementing the finance scheme, the Asan Karobar Card provides interest-free loans between Rs. 500,000 and Rs. 1 million. This card is designed to support small business owners in managing their financial needs efficiently.
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Key Features of the Asan Karobar Finance Scheme
- Loan Amounts:Asan Karobar Finance Scheme: Rs. 1 million to Rs. 30 million.
- Asan Karobar Card: Rs. 500,000 to Rs. 1 million.
- Interest-Free: Both schemes offer 100% interest-free loans.
- Repayment: Flexible repayment plans with easy installments.
- Application Process: Online applications are accepted through the official websites: akf.punjab.gov.pk and akc.punjab.gov.pk.
- Helpline: For assistance, applicants can contact the dedicated helpline at 1786.
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Application Process for the Asan Karobar Finance Scheme and Karobar Card
To apply for these schemes, follow these steps:
- Visit the Official Websites:
- For Asan Karobar Finance Scheme: akf.punjab.gov.pk
- For Asan Karobar Card: akc.punjab.gov.pk
- Complete the Online Application Form: Provide accurate personal and business information.
- Submit Required Documents: National Identity Card (CNIC),Business Registration, Documents (if applicable),Proof of Residency,Business Plan or Proposal
- Await Approval: Applications will be reviewed, and successful applicants will be notified.
Additional Benefits
- Subsidized Land: The government will provide land at subsidized rates to encourage small business startups.
- No Immediate NOC Required: Applicants are not required to obtain an immediate No Objection Certificate (NOC), license, or approved map to secure a loan.
- Free Solar Systems: Entrepreneurs establishing industries in export processing zones will receive free solar systems worth up to Rs. 5 million.
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Required Documents for the Asan Karobar Finance Scheme
- National Identity Card (CNIC)
- Business Registration Documents (if applicable)
- Proof of Residence
- Business Plan or Proposal
Conclusion
The launch of the Asan Karobar Finance Scheme and Asan Karobar Card by Chief Minister Maryam Nawaz Sharif marks a pivotal step towards empowering entrepreneurs in Punjab. By providing substantial, interest-free financial support and simplifying the application process, these initiatives are set to stimulate economic growth, create employment opportunities, and foster a more prosperous future for the province.
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FAQs
Who is eligible to apply for these schemes?
Entrepreneurs and business owners in Punjab looking to start or expand their small or medium-sized enterprises are eligible to apply.
Are these loans truly interest-free?
Yes, both the Asan Karobar Finance Scheme and the Asan Karobar Card offer 100% interest-free loans.
How can I apply for these schemes?
Applications can be submitted online through the official websites: akf.punjab.gov.pk and akc.punjab.gov.pk.
Is there a helpline for assistance?
Yes, applicants can contact the dedicated helpline at 1786 for any queries or assistance.
What is the repayment period for these loans?
The repayment period is designed to be flexible, with easy installments to accommodate the financial capabilities of the borrowers.