The Punjab Asaan Karobar Card Loan Scheme is a game-changer for aspiring entrepreneurs in Punjab. Launched under the leadership of Chief Minister Maryam Nawaz Sharif, this scheme provides interest-free loans ranging from PKR 100,000 to 1 million to support small businesses. If you’re looking for a step-by-step guide on registration, eligibility, loan details, and repayment terms, this article has got you covered.
What is the Punjab Asaan Karobar Card Loan?
The Punjab Asaan Karobar Card Loan is an initiative designed to empower young entrepreneurs and small business owners. It aims to boost economic activity by offering zero-interest loans to help businesses start or expand.
Key Features:
- Loan Amount: PKR 100,000 to PKR 1 million
- Repayment Period: Up to 3 years
- Grace Period: 3 months before repayment starts
- Usage: Business transactions, supplier payments, utility bills, and limited cash withdrawals
- Interest Rate: 0% (Fully interest-free)
- Application Mode: Online registration available
Eligibility Criteria for Punjab Asaan Karobar Card Loan
Before applying, make sure you meet the following criteria:
1. Age & Residency Requirements:
- ✔ Must be between 21 and 57 years old
- ✔ Must be a resident of Punjab, Pakistan
2. Business Eligibility:
- ✔ Available for new and existing businesses
- ✔ Clean credit history with no overdue loans
3. Required Documents:
- ✔ Valid CNIC (Computerized National Identity Card)
- ✔ Registered mobile number
- ✔ Psychometric assessment clearance
4. Additional Conditions:
- ✔ Only one application per person/business
- ✔ Mandatory registration with PRA/FBR within six months of card issuance
Also Read: BISP 8171 CNIC Check Online
How to Apply for Punjab Asaan Karobar Card Loan? (Online Registration Process)
The application process is simple and completely online. Follow these steps:
Step 1: Visit the Official Website
Go to the official Punjab Asaan Karobar Card Loan registration portal:
👉 akc.punjab.gov.pk
Step 2: Create an Account
- ✔ Click on “New Registration”
- ✔ Enter your CNIC, mobile number, and email
- ✔ Set a password for your account
Step 3: Log into Your Account
- ✔ Use your CNIC and password to log in
- ✔ Access the application form
Step 4: Fill in Personal Information
- ✔ Provide your name, address, age, education level, and employment status
- ✔ Mention the number of dependents and residence ownership status
Step 5: Enter Business Details
- ✔ Select your business type (Retail, Manufacturing, Services, etc.)
- ✔ Provide details like business address and contact information
Step 6: Choose Loan Amount
- ✔ Select the loan amount you need (PKR 100,000 – 1 million)
- ✔ Mention the purpose of the loan
Step 7: Upload Required Documents
- ✔ CNIC (Front & Back Copy)
- ✔ Business Registration Certificate (if applicable)
Step 8: Pay the Processing Fee
- ✔ Submit a PKR 500 non-refundable fee
Once your application is submitted and reviewed, you will be notified about the status of your Punjab Asaan Karobar Card Loan approval.
Loan Usage & Repayment Plan
Loan Usage:
- Supplier and vendor payments
- Utility bills & government taxes
- Cash withdrawal (up to 25% of the loan amount)
- Digital transactions through mobile banking & POS machines
🚫 Funds cannot be used for: Personal expenses, luxury shopping, or entertainment.
Repayment Terms:
- ✔ Grace Period: First 3 months – No repayment required
- ✔ After Grace Period: Equal monthly installments for 2 years
Fees, Security & Additional Support
Charges & Fees:
- Annual Card Fee: PKR 25,000 + FED (deducted from loan limit)
- Late Payment Charges: As per the bank’s policy
Security Measures:
- ✔ Personal guarantee digitally signed by the borrower
- ✔ Life insurance coverage included
- ✔ Business location verification by Punjab Urban Unit
Additional Support for Businesses:
If you need help in planning your business, Punjab Government offers advisory services & feasibility studies via:
- Punjab Small Industries Corporation (PSIC)
- Bank of Punjab (BOP) business support services
Also Read: Bewa Sahara Card Punjab Online Apply for Rs. 10,000 Payment
Conclusion
The Punjab Asaan Karobar Card Loan is an excellent opportunity for small business owners and entrepreneurs to start or expand their businesses with interest-free financing. With simple online registration, flexible repayment options, and government-backed support, this scheme can help you achieve financial success.
If you meet the eligibility criteria, apply today and take advantage of this amazing business support program!
FAQs (Frequently Asked Questions)
1. Is the Punjab Asaan Karobar Card Loan really interest-free?
Yes, it is 100% interest-free with zero hidden charges.
2. How long does it take to get approved?
The approval process takes a few weeks. You will be notified through SMS/email once approved.
3. Can I apply if I don’t have a registered business?
Yes! However, you must register with PRA/FBR within six months of receiving the card.
4. What happens if I miss a repayment?
Late payments may incur penalties as per the bank’s policy and could affect your credit history.
5. Can I withdraw the full loan amount in cash?
No, only 25% of the loan can be withdrawn in cash. The rest must be used for business-related digital transactions.