The Government of Punjab has introduced the CM Punjab Asaan Karobar Finance Loan Scheme 2025 to bolster small and medium-sized enterprises (SMEs) across the province. This initiative aims to provide interest-free loans to entrepreneurs, facilitating business growth and economic development.
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Overview of the CM Punjab Asaan Karobar Loan Scheme 2025
Launched under the leadership of Chief Minister Maryam Nawaz Sharif, the scheme offers two primary financial products:
- Asaan Karobar Card: Designed for small entrepreneurs, this digital SME card provides interest-free loans ranging from PKR 500,000 to PKR 1 million.
- Asaan Karobar Finance: Targeted at medium-sized enterprises, this component offers interest-free loans up to PKR 30 million.
Read More: Asaan Karobar Finance Scheme Loan Verification
Key Features
Asaan Karobar Card
- Loan Limit: Up to PKR 1 million
- Loan Tenure: 3 years
- Repayment Structure:
- First 12 months: Revolving credit facility
- Subsequent 24 months: Equal monthly installments
- Grace Period: 3 months from card issuance
- Usage:
- Payments to vendors and suppliers
- Utility bills, government fees, and taxes
- Cash withdrawals (up to 25% of the limit)
- Digital transactions via POS and mobile app
- Interest Rate: 0%
Asaan Karobar Finance
- Loan Limit: Up to PKR 30 million
- Loan Tenure: 5 years
- Grace Period: 3 months after receiving the first loan installment
- Repayment: Structured in easy installments
- Interest Rate: 0%
Eligibility Criteria for the Asaan Karobar Loan
To qualify for either component of the scheme, applicants must:
- Be Pakistani nationals residing in Punjab
- Aged between 21 and 57 years
- Possess a valid CNIC and a mobile number registered in their name
- Own an existing or prospective business located in Punjab
- Have a satisfactory credit and psychometric assessment
- Maintain a clean credit history with no overdue loans
Note: Each individual and business is limited to one application.
Read More: Asan Karobar Finance Scheme
Application Process for the Asaan Karobar Loan
Interested applicants can apply online through the Punjab Information Technology Board (PITB) portal. The steps include:
- Registration: Create an account on the PITB portal.
- Application Submission: Fill out the digital application form with accurate details.
- Processing Fee: Pay a non-refundable fee of PKR 500.
- Verification: Undergo digital verification of CNIC, creditworthiness, and business premises by authorized agencies.
Loan Usage and Repayment Details
Asaan Karobar Card
- Initial Limit: 50% of the approved amount available for use within the first 6 months
- Grace Period: 3 months post card issuance
- Repayment: After the grace period, borrowers start monthly installments, with a minimum payment of 5% of the outstanding loan balance (principal only)
- Additional Limit: The remaining 50% is released upon satisfactory usage, regular repayments, and registration with PRA/FBR
Note: Funds are restricted to business-related purposes; non-essential transactions are blocked.
Read More: Verify Your Eligibility for the Asan Karobar Finance
Asaan Karobar Finance
- Grace Period: 3 months after receiving the first loan installment
- Repayment: Structured in easy installments over 5 years
Charges and Fees
- Annual Card Fee: PKR 25,000 + FED, deducted from the approved limit
- Additional Charges: Life assurance, card issuance, and delivery charges are covered by the scheme
- Late Payment: Late payment charges apply as per the bank’s policy
Security Details
- Guarantee: Personal guarantee digitally signed by the borrower
- Insurance: Life assurance included in the portfolio
- Verification: Urban Unit conducts physical verification of business premises within 6 months of loan approval and annually thereafter
Key Conditions
- Funds must be used strictly for core business activities; non-business-related transactions are blocked.
- Registration with PRA/FBR is mandatory within six months of card issuance.
- Only one application per individual/business is allowed.
Additional Support for Applicants
- Feasibility Studies: Available on PSIC and Bank of Punjab websites for startups and new businesses.
Helpline
For more information, contact the helpline at 1786.
Conclusion
The CM Punjab Asaan Karobar Finance Loan Scheme 2025 is a groundbreaking initiative aimed at empowering SMEs in Punjab. By providing interest-free loans with flexible repayment options, the scheme seeks to foster economic growth and support entrepreneurs in establishing and expanding their businesses.
Read More: Payment Method for Asaan Karobar Finance