Asaan Karobar Card Scheme
In a significant move to support small and medium-sized enterprises (SMEs) and budding entrepreneurs, Chief Minister Maryam Nawaz has launched the “Asaan Karobar Card”. This initiative aims to empower business owners in Punjab by providing easy financial access, facilitating business growth, and fostering job creation. The card simplifies the process of acquiring loans, offers attractive benefits, and ensures financial inclusion for individuals and businesses across the province.
This article provides a detailed guide to the Asaan Karobar Card, including its application process, eligibility criteria, benefits, and much more.
Quick Information Table
| Program Name | Asaan Karobar Card |
| Launched By | Chief Minister Maryam Nawaz |
| Start Date | January 2025 |
| End Date | Ongoing |
| Assistance Provided | Loans up to 10 million PKR |
| Application Method | Online and Offline |
| Eligibility | Small business owners and entrepreneurs |
| Interest Rate | Subsidized, 3% to 8% |
Application Process for Asaan Karobar Card Scheme
The application process for the Asaan Karobar Card has been designed to be simple and accessible for all. Applicants can choose to apply either online or offline, depending on their preference and convenience.
Online Application
- Visit the Official Portal:
- Go to the designated Asaan Karobar Card website.
- Register and Log In:
- Create an account by providing your CNIC number, email address, and mobile number.
- Log in to access the application form.
- Fill Out the Application Form:
- Enter your personal details, including your name, address, and contact information.
- Provide business details, such as the nature of your business, its size, and financial needs.
- Upload Documents:
- CNIC copy.
- Proof of business registration (if applicable).
- Bank statements or income proof.
- Business plan (for higher loan amounts).
- Submit and Track Application:
- Submit the application and note your tracking ID.
- You will receive a confirmation message, and your application status can be tracked online.
Offline Application
- Visit the nearest Asaan Karobar Card Scheme center or participating bank branch.
- Collect the application form and fill it out with accurate information.
- Submit the form along with the required documents to the bank staff for processing.
- Await a notification regarding your application status.
Read More:Scholarship Program to KP and Balochistan 2025
Eligibility Criteria for Asaan Karobar Card Scheme
To ensure that the Asaan Karobar Card reaches deserving individuals, the following eligibility criteria have been set:
Personal Requirements
- Nationality: Must be a Pakistani citizen with a valid CNIC.
- Residency: Should reside in Punjab or operate a business in the province.
- Age: Applicants must be between 21 and 60 years old.
Business Requirements
- Type of Business:
- Small and medium enterprises (SMEs), startups, and sole proprietorships are eligible.
- Both new and existing businesses can apply.
- Business Viability:
- A feasible and sustainable business plan is required for loan approval.
Financial Standing
- Applicants should not have defaulted on previous loans.
- A clean credit history is preferred, though exceptions may apply for microloans
Read More:Asaan Karobar Finance Scheme
Benefits of the Asaan Karobar Card
The Asaan Karobar Card offers numerous advantages that make it a game-changer for entrepreneurs in Punjab:
Easy Access to Finance
- Applicants can avail loans of up to 10 million PKR with minimal documentation.
- The card simplifies the borrowing process, eliminating lengthy procedures.
Subsidized Interest Rates
- Loans are offered at low-interest rates ranging from 3% to 8%, making it affordable for small businesses.
Flexible Loan Tiers
- Microloans: For startups, loans up to 500,000 PKR without collateral.
- Small Business Loans: Loans between 500,000 and 5 million PKR.
- Medium Business Loans: Loans up to 10 million PKR with collateral.
Read More:Asaan Karobar Finance Program launched in Punjab
Conclusion
The launch of the Asaan Karobar Card Scheme by CM Maryam Nawaz marks a significant step toward empowering entrepreneurs in Punjab. By providing easy access to financing, low interest rates, and flexible repayment options, the card is a vital tool for economic growth and poverty alleviation.
Whether you’re a startup founder or an established business owner looking to expand, the Asaan Karobar Card offers a reliable and accessible way to achieve your goals. With a streamlined application process and comprehensive support, this initiative paves the way for a more inclusive and prosperous business environment in Punjab.
Take the first step toward realizing your entrepreneurial dreams by applying for the Asaan Karobar Card today! Stay updated by visiting the official website or contacting the nearest branch for more details.
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