If you’re planning to launch a new venture or expand your business in Punjab, the Asaan Karobar Loan Scheme—also known as the Asaan Karobar Finance Scheme or Asaan Karobar Card—is here to help. This government-backed program provides interest-free loans to both startups and established businesses. In this guide, you’ll find a step-by-step explanation to make the process simple and easy to follow.

With easy eligibility criteria, a streamlined online application system, and zero interest repayments, the scheme is designed to support youth, women entrepreneurs, and small business owners. Whether you’re looking to start a new business or grow your existing operations, this initiative gives you the financial boost you need—without the burden of high borrowing costs.

Loan Options Under Asaan Karobar Loan Scheme

💳 Loan Type	💰 Amount	📝 Requirement	💵 Fee	⏳ Repayment Term	⏱️ Grace Period
🔹 Tier-1 Loan	Up to PKR 5 million	Unsecured (personal guarantee only)	PKR 5,000	Up to 5 years	6 months (new), 3 months (existing)
🔸 Tier-2 Loan	PKR 6 million – 30 million	Secured with collateral	PKR 10,000	Up to 5 years	Same as Tier-1
🟢 Asaan Karobar Card	Up to PKR 1 million	No collateral	—	Flexible	Immediate access

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Who Can Apply? Eligibility Criteria For Asaan Karobar Loan Scheme

To apply, you must meet the following conditions For Asaan Karobar Loan Scheme:

• Be a resident of Punjab with a valid CNIC.
• Be aged between 25 and 55 years.
• For existing businesses: have valid registration and operating history.
• Maintain a clean credit history and be a tax filer.
• Submit a feasible business plan or expansion proposal.
• Priority is given to women, youth, rural entrepreneurs, and persons with disabilities.

Required Documents for Asaan Karobar Loan Scheme

📌 Document	📄 Details
🆔 CNIC & Photograph	Copy of CNIC and recent passport-size photo
📝 Business Plan	Clear explanation of your business idea or expansion plan
📊 Financial Statements	Required for existing businesses to show financial health
🏦 Proof of Collateral	Needed only for Tier-2 loan applicants
💳 Bank Statements & Tax Records	To verify income, expenses, and tax compliance
📍 References & Address Proof	Rent agreement or residence documents for address verification

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Step-by-Step Application Guide

1. Register Online

Visit the official CM Punjab Asaan Karobar Scheme portal and register using your CNIC-linked mobile number.

2. Complete Your Application

Fill in personal and business details:

• Full name, CNIC, age, contact details
• Business type and loan tier (Tier-1, Tier-2, or Card)
• Upload all required documents

3. Pay Application Fee

• Tier-1: PKR 5,000
• Tier-2: PKR 10,000
  (Card typically has no fee listed, but Tier-1/Tier-2 fees apply.)

4. Submit and Wait

Once submitted:

• You’ll receive updates via SMS or dashboard.
• Processing includes credit checks and verification.

5. Loan Approval & Disbursement

Approved loan will be deposited directly into your bank account.

Repayment and Facilities

• Repayment: Monthly equal instalments over up to 5 years.
• Grace period: 6 months for new businesses; 3 months for existing.
• Late fee: Typically PKR 1 per PKR 1,000 per day on overdue payments.

Asaan Karobar Card perks:

• Use for vendor bills, utilities, government fees.
• Up to 25% withdrawal in cash allowed.

Benefits of the Scheme

• No interest – completely interest-free loans.
• Fast and digital – streamlined online application and approval.
• Inclusion – focus on women, youth, rural, and disadvantaged groups.
• Flexible – suitable for both start-ups and established businesses.
• No need for NOCs or licenses right away – quicker processing.

Tips for a Smooth Application For Asaan Karobar Loan Scheme

• Use correct details: Especially your CNIC and contact info during registration.
• Ensure good internet connection for uploading documents and submitting forms.
• Prepare files properly:Clear, well-formatted documents save time.
• Track status regularly via portal or SMS.
• Reach out for help: Use portal support or helpline if stuck.
  

Online Apply : CM Punjab Asaan Karobar

Quick Comparison Table

Feature	Tier-1 Loan	Tier-2 Loan	Asaan Karobar Card
Loan Amount	Up to PKR 5 million	PKR 6 million – 30 million	Up to PKR 1 million
Collateral Requirement	No (personal guarantee)	Yes (secured collateral)	No
Processing Fee	PKR 5,000	PKR 10,000	Typically none
Interest Rate	0%	0%	0%
Repayment Tenure	Up to 5 years	Up to 5 years	Flexible
Grace Period	6 months (new), 3 months (existing)	Same	Immediate access
Cash Withdrawal	—	—	Up to 25% (if applicable)

Real-World Usage

According to media reports:

• Recipients include entrepreneurs in various fields—pharmaceuticals, software, furniture, cosmetics, garments, transport, and more.
• Some received up to PKR 30 million, underscoring the loan’s impact.

Conclusion

The Punjab Asaan Karobar Loan Scheme is a golden opportunity for young entrepreneurs, women, and small business owners to turn their ideas into reality without the burden of interest-based financing. With flexible loan tiers, simple eligibility criteria, and a fully digital application process, the scheme is designed to empower startups and expand existing businesses across multiple sectors.

Whether you need seed funding for a new venture or capital to scale your operations, this initiative provides the financial support you need—backed by the Government of Punjab’s commitment to economic growth and inclusion. By preparing your documents carefully and applying through the official portal, you can take the first step toward sustainable business success.

FAQ’s