The Government of Punjab has launched the Asan Karobar Finance Program 2025, a groundbreaking initiative aimed at empowering small and medium-sized enterprises (SMEs) across the province. This program offers interest-free loans to foster entrepreneurship and stimulate economic growth. Are you wondering if you qualify? Let’s delve into the eligibility criteria and key features of this scheme.
Table of Contents
Verify Your Eligibility for the Asan Karobar Finance
To benefit from the Asan Karobar Finance Program, applicants must meet the following requirements:
- Business Classification:
- Small Enterprises: Annual sales up to PKR 150 million.
- Medium Enterprises: Annual sales between PKR 150 million and PKR 800 million.
- Age: Applicants should be between 25 and 55 years old.
- Tax Compliance: Must be active Federal Board of Revenue (FBR) tax filers with a clean credit history.
- Location: Both the residence and business must be situated in Punjab.
- Identification: Possess a valid Computerized National Identity Card (CNIC) and National Tax Number (NTN).
- Business Premises: Should own or rent the place of the existing business.
Read More: Payment Method for Asaan Karobar Finance
Loan Details
The program offers two tiers of loans with distinct features:
| Tier | Loan Amount (PKR) | Security | Term Length | Interest Rate | Processing Fee (PKR) |
| T1 | 1M – 5M | Personal Guarantee | Up to 5 years | 0% | 5,000 |
| T2 | 6M – 30M | Secured | Up to 5 years | 0% | 10,000 |
Additional Details:
- Grace Period:
- Up to 6 months for startups/new businesses.
- Up to 3 months for existing businesses.
- Equity Contribution:
- 0% for T1, excluding leased commercial vehicles.
- Leased Vehicles: 25%.
- Other Loans: 20% for T2 cases; 10% for women, transgender, and differently-abled persons.
- Repayment Terms: Payments are made in equal monthly installments according to the terms of approval.
- Late Charges: PKR 1 per 1,000/day on overdue amounts.
Additional Costs:
- Handling Fee:
- NIL for setting up new businesses.
- 3% per annum for existing businesses.
- NIL per annum for climate-friendly businesses in T2.
- Insurance, Legal, and Registration Charges: Applicable as per actual costs.
How to Apply for Asan Karobar Finance Scheme
Interested applicants can register through the official portal:
- Visit the Official Portal: Go to akf.punjab.gov.pk.
- Create an Account: Click on ‘REGISTER NOW’ if you are a new user. Fill in the required fields such as CNIC number, business details, and contact information.
- Fill Out the Application Form: Provide details about your business, personal information, and the required loan details.
- Submit Necessary Documents: Attach all necessary documents such as a copy of your CNIC, NTN certificate, and proof of business ownership or rental agreement.
- Review and Submit: Double-check your information for accuracy and submit your application.
Read More: Qualify for Asaan Karobar Finance Scheme
Registration Last Date
June 30, 2025 deadline
Conclusion
The Asan Karobar Finance Program 2025 is a significant opportunity for SMEs in Punjab to access interest-free loans, fostering business growth and contributing to the province’s economic development. By meeting the eligibility criteria and following the application process, entrepreneurs can secure the financial support needed to thrive in today’s competitive market.
FAQs
Who can apply for the Asan Karobar Finance?
Small and medium-sized enterprises in Punjab with an annual turnover between PKR 150 million and PKR 800 million, aged between 25 to 55 years, and who are active tax filers with a clean credit history.
What can the loan be used for?
Loans can be used for starting a new business, expanding or modernizing existing businesses, leasing commercial logistics, and investing in climate-friendly technologies.
Is there any interest on the loans?
No, the loans offered under this scheme are interest-free.
Are there any additional fees?
Yes, there are processing fees of PKR 5,000 for Tier 1 loans and PKR 10,000 for Tier 2 loans. Additional costs like insurance and legal fees apply based on actual expenses.
What is the repayment period for these loans?
The loans must be repaid within 5 years, with a grace period that varies based on the type of business.
Read More: Asaan Karobar Finance Scheme Account Details