In a significant move to bolster small and medium-sized enterprises (SMEs) in Punjab, Chief Minister Maryam Nawaz has unveiled the Asaan Karobaar Finance Scheme for 2025. This initiative aims to provide interest-free loans to entrepreneurs, facilitating business growth and economic development in the region.
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The Asaan Karobaar Finance Scheme is designed to support both new and existing businesses by offering financial assistance without the burden of interest. The scheme is structured into two tiers:
- Tier 1 (T1): Loans ranging from PKR 1 million to PKR 5 million, secured through personal guarantees.
- Tier 2 (T2): Loans between PKR 6 million and PKR 30 million, requiring collateral.
Both tiers offer a repayment period of up to five years with a 0% interest rate. A processing fee of PKR 5,000 applies to T1 loans, while T2 loans incur a fee of PKR 10,000.
Read More: Status in Asaan Karobar Finance Scheme
Eligibility Criteria for the Asaan Karobaar Finance Scheme
To qualify for the Asaan Karobaar Finance Scheme, applicants must meet the following conditions:
- Age: Between 25 and 55 years.
- Business Location: Both residence and business must be situated in Punjab.
- Tax Compliance: Active Federal Board of Revenue (FBR) tax filers with a clean credit history.
- Identification: Possession of a valid Computerized National Identity Card (CNIC) and National Tax Number (NTN).
- Business Premises: Ownership or rental agreement of the existing business location.
- Additionally, small enterprises with annual sales up to PKR 150 million and medium enterprises with sales between PKR 150 million and PKR 800 million are eligible to apply.
Read More: Apply for the CM Punjab Asaan Karobar Finance Scheme
Asaan Karobaar Finance Loan Details and Repayment Terms
The scheme offers flexible terms to accommodate various business needs:
- Grace Period: Up to 6 months for startups and up to 3 months for existing businesses.
- Equity Contribution:
- T1 Loans: No equity contribution required, except for leased commercial vehicles.
- T2 Loans: 20% equity contribution, reduced to 10% for women, transgender individuals, and differently-abled persons.
- Repayment: Equal monthly installments over the approved term.
- Late Charges: PKR 1 per 1,000 per day on overdue amounts.
- Additional costs, such as insurance, legal, and registration fees, are applicable based on actual expenses.
Read More: Asaan Karobar Finance Loan Amounts
Monthly Installment Plan for Asaan Karobaar Finance Scheme
The monthly installment amount depends on the loan size and the chosen repayment period. Below is a table illustrating sample installment plans for different loan amounts over a 5-year term:
| Loan Amount (PKR) | Monthly Installment (PKR) |
| 1,000,000 | 16,667 |
| 5,000,000 | 83,333 |
| 10,000,000 | 166,667 |
| 20,000,000 | 333,333 |
| 30,000,000 | 500,000 |
Application Process for the Asaan Karobaar Finance Scheme
- Visit the Official Portal: Go to the official website for the Asaan Karobaar Finance Scheme.
- Register Online: Sign up by entering your CNIC, mobile number, and basic details.
- Upload Documents: Provide scanned copies of your CNIC, NTN, business ownership/rental agreement, and tax records.
- Select Loan Type: Choose the loan tier (T1 or T2) and specify the required amount.
- Pay Processing Fee: Submit the non-refundable processing fee online (PKR 5,000 or PKR 10,000 based on loan tier).
- Verification: Wait for digital and physical verification of your credentials and business premises.
- Approval & Disbursement: If approved, the loan will be disbursed directly to your provided bank account.
Read More: Asaan Karobar Finance Scheme: Common Reasons
Conclusion
The Asaan Karobaar Finance Scheme 2025 represents a significant opportunity for SMEs in Punjab to access interest-free financing, fostering entrepreneurship and economic growth. By providing flexible repayment options and comprehensive support, the scheme aims to empower businesses to achieve their full potential.
Read More: Asaan Karobar Finance Loan Processing