The Punjab government has rolled out an empowering new initiative known as the CM Punjab Asaan Karobar Card. This scheme is a game-changer for small business owners, startup enthusiasts, and entrepreneurs across Punjab. With this card, eligible individuals can access an interest-free loan of up to Rs. 10 lakh to either launch a new venture or scale their existing business. But before diving into this golden opportunity, it’s crucial to understand the documents required to successfully apply and get approved. Here’s everything you need to know in a clear and easy-to-understand format.
Who is Eligible for the CM Punjab Asaan Karobar Card?
Before collecting your documents, you should make sure you’re eligible to apply. The basic eligibility criteria include:
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Age between 21 to 57 years
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Must be a resident of Punjab
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A Pakistani citizen
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Mentally and physically fit to run a business
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No default history on previous loans
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Must have a valid CNIC with an active mobile number
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Business should be located within Punjab
If you meet the criteria above, then you’re all set to gather the required documents and apply for the interest-free loan.
List of Required Documents
When applying for the Asaan Karobar Card loan, having the correct paperwork is essential. The application may be simple, but the supporting documents are what validate your eligibility. Here’s a complete breakdown:
1. Computerized National Identity Card (CNIC)
Your CNIC proves your identity and citizenship. You’ll need:
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A clear scan or photo of both front and back sides.
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CNIC must be valid and not expired.
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Linked with your active mobile number for verification via OTP.
2. Recent Passport-Sized Photograph
A clear passport-size photograph is needed for identification purposes during registration.
3. Proof of Residence
To confirm that you’re a Punjab resident, submit one of the following:
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Electricity or gas bill
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Rent agreement
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Domicile certificate
4. Business Details and Plan
Whether it’s a startup or an existing setup, you must provide:
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Name and type of business
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Business location (within Punjab only)
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Nature of business (retail, services, manufacturing, etc.)
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Estimated revenue and future goals
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A brief business plan explaining how you will use the Rs. 10 lakh
5. Bank Account Details
Your bank account information may be required for verification and disbursement:
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Account title and number
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Branch and bank name
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Recent bank statement (last 3–6 months) is a plus
6. NTN Certificate or Tax Registration (if applicable)
If your business is already registered with FBR, provide your NTN number or proof of tax filing. This isn’t mandatory for all but is beneficial for credibility.
7. Guarantor Information (if required)
In some cases, especially for higher amounts, you may need to share:
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Guarantor’s CNIC
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Proof of income
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Contact details
8. No Objection Certificate (NOC)
If you are employed and planning to run a side business, your employer might need to issue an NOC confirming that they have no objection to your business activities.
Also Read: Final Reminder: Fix Your Punjab Laptop Scheme Application Before Deadline
Step-by-Step Application Process
Once your documents are ready, here’s how to apply:
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Visit the Official Portal – Go to the official website of the Punjab Asaan Karobar Card Scheme.
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Create Your Account – Sign up with your CNIC, mobile number, and email address.
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Complete the Form – Fill out all required personal, contact, and business information.
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Upload Documents – Attach scanned copies of your documents.
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Enter Loan Amount – Choose how much you want (up to Rs. 10 lakh).
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Pay Registration Fee – Pay a one-time, non-refundable Rs. 500 via Easypaisa or JazzCash using the provided PSID code.
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Psychological Assessment Test – Take a brief test to evaluate your entrepreneurial mindset.
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OTP Verification – Verify your identity through a one-time password sent to your mobile.
What Happens After You Apply?
Once your application and fee are submitted:
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Your details go into a transparent computerized draw.
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If selected, you will be granted the loan amount requested.
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The loan is interest-free and must be repaid in monthly installments over 3 years.
Also Read: BISP 8171 April 2025 Payment Update: How to Check Your Payment Online and Offline
Key Benefits of the Asaan Karobar Card Scheme
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Zero interest on loans up to Rs. 10 lakh
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Digital application makes it accessible and hassle-free
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Boosts entrepreneurship and small business growth
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Especially beneficial for Punjab’s youth and job seekers
If you’re serious about taking your business to the next level or starting one from scratch, this scheme is your chance. Just ensure your documents are accurate and complete, and follow the process step-by-step for the best chance of approval.