CM Punjab Assan Karobar Card Loan Scheme For Small Businesses Apply Online 2025

The Punjab Government has introduced the Karobar Card Loan Scheme and the Chief Minister Asan Karobar Financing Scheme to help small and medium-sized businesses grow. These schemes offer interest-free loans ranging from Rs. 100,000 to Rs. 3 million. The goal is to empower entrepreneurs, reduce unemployment, and boost the economy of the province. Let’s take a closer look at these schemes, their objectives, how you can benefit, and the application process from them.

Loan AmountRs. 100,000 to Rs. 3,000,000
Interest RateInterest-free
Target AudienceSmall and medium business owners
Application ProcessOnline portal
For the Asaan Karobar Finance Scheme (https://akf.punjab.gov.pk/instruction)
For the Asaan Karobar Card (https://akc.punjab.gov.pk/instruction)

How to Apply for the Asan Karobar Card Loan Scheme

The application process for the Karobar Card loan is designed to be simple and user-friendly. To apply, follow these straightforward steps:

Complete Guide

  1. Visit the Official Portal:
  2. Complete the Application Form: Fill in the necessary details about your business, including the name, type, and size.
  3. Upload Required Documents: Attach important documents such as proof of business registration and a detailed business plan that outlines how you plan to utilize the loan.
  4. Submit Your Application: After entering all the required information, submit your application. Once reviewed, eligible candidates will be notified about their loan approval status.
By following these simple steps, you can apply for the Karobar Card loan and potentially secure the financial support your business needs to grow.
Karobar Card Loan Scheme

Asan Karobar Card Scheme Latest Updates 2025

What is the Karobar Card Loan Scheme?

The Karobar Card Loan Scheme is designed to support small business owners by offering interest-free loans. Under this scheme:

  • Small businesses can get loans ranging from Rs. 100,000 to Rs. 1 million.
  • Loan repayments will be in easy installments.
  • The scheme helps small entrepreneurs grow their businesses without the burden of high interest rates.

The Chief Minister of Punjab has emphasized that these schemes are aimed at creating more job opportunities and providing business opportunities, especially for the youth of the province.

Documents Required For Asan Karobar Card Loan

Applicants must submit the following documents: 

  1. CNIC: A valid Computerized National Identity Card (CNIC) of the applicant.
  2. Proof of Residence: Utility bills, rent agreements, or domicile to confirm Punjab residency.
  3. Business Registration: Proof of business registration in Punjab.
  4. Business Plan: A detailed plan showing how the loan will be used and the business goals.
  5. Bank Statements: The bank transaction history of the last 6 months.
  6. Income Proof: Evidence of the applicant’s existing income or revenue streams.
  7. Application for Loan: A completed and signed loan application.
  8. Photographs: Recent passport-size photographs of the applicant.
  9. Guarantee Documents: CNIC and financial details of the guarantor (if required).
  10. Tax Documents: NTN or proof of tax filing, if applicable.

Eligibility Criteria for the Karobar Card Loan Scheme

To qualify for the Karobar Card Loan Scheme, applicants need to meet certain criteria. First, the applicant must be a resident of Punjab. Additionally, the business for which the loan is being applied must be officially registered in Punjab. These requirements ensure that only those with a legitimate business operation within the province can benefit from the scheme.

The loan scheme is available for:

  • Small Businesses: Loans ranging from Rs. 100,000 to Rs. 1 million (interest-free).
  • Medium-sized Businesses: The Chief Minister Asan Karobar Financing Scheme offers loans up to Rs. 30 million. Priority will be given to IT startups in the Nawaz Sharif IT City.
  • Exclusions: Certain sectors, such as restaurants, are excluded from the loan scheme.
Loan Repayment: Loans must be repaid within five years through easy monthly installments.

Chief Minister Asan Karobar Financing Scheme

For medium-sized businesses, the government has launched the Asan Karobar Financing Scheme. Here are the details:

  • Loans of up to Rs. 3 million will be offered.
  • The repayment period will be five years, giving businesses ample time to stabilize.
  • Like the Karobar Card, these loans are completely interest-free.
  • This scheme is aimed at helping medium-sized businesses expand and contribute to Punjab’s economic growth.

Objectives of the Loan Schemes

The primary goals of the Karobar Card Loan Scheme and Asan Karobar Financing Scheme are:

  • Encouraging entrepreneurship: Helping individuals start and expand their businesses.
  • Reducing unemployment: Creating job opportunities, especially for the youth.
  • Stimulating economic growth: Contributing to the overall economic stability of the province.
  • Empowering individuals: Providing financial resources for self-reliance and business growth.

These initiatives aim to create a positive environment for businesses and move Punjab towards economic prosperity.

Loan Distribution and Repayment Process

Once selected, candidates will receive loans according to their business size:

  • Small businesses: Loans ranging from Rs. 100,000 to Rs. 1 million.
  • Medium-sized enterprises: Loans of up to Rs. 3 million.

The loans are completely interest-free, and the repayment process will be easy with manageable installments. This approach ensures that businesses can grow and thrive without the pressure of heavy financial burdens.

Impact of the Schemes

The Karobar Card Loan Scheme and Chief Minister Asan Karobar Financing Scheme aim to achieve the following outcomes:

  • Strengthening SMEs: Helping small and medium enterprises (SMEs) expand their operations.
  • Increasing Employment: Encouraging entrepreneurship to create more job opportunities.
  • Boosting Economic Stability: Promoting a more robust economy by supporting business growth and innovation.
These initiatives aim to build a thriving business culture in Punjab, benefiting both entrepreneurs and the wider community.

Conclusion

The Asan Karobar Card Loan Scheme and Chief Minister Asan Karobar Financing Scheme are important steps toward empowering businesses and fostering economic growth in Punjab. These schemes not only address the financial challenges faced by small and medium-sized businesses but also encourage self-reliance, innovation, and job creation. Entrepreneurs are urged to take full advantage of these opportunities to contribute to Punjab’s economic development. Keep an eye out for updates on the application process and portal launch to turn your business dreams into reality.

FAQs

How do I know if I have been approved for the loan?

After your application is reviewed, you will be notified if you are selected for the loan.

How can I submit my documents for the Karobar Card Loan?

You can upload the required documents on the online portal during the application process.

Can I use the loan for any type of business expenses?

The loan must be used according to the business plan submitted during the application process.

Is there any limit to the number of times I can apply for the loan?

You can apply once per loan cycle, but reapplication is possible in subsequent years.

How long will it take to receive the loan after approval?

The processing time may vary, but once approved, the loan will be disbursed promptly.

Can I get a loan if I am a new business owner?

Yes, new businesses can apply for the Karobar Card Loan Scheme if they meet the eligibility criteria.

What is the main purpose of the Chief Minister Asan Karobar Financing Scheme in 2025?

To help medium-sized businesses expand and contribute to the economic growth of Punjab.

Do I need to provide collateral for the loan in 2025?

No, the loan is interest-free and does not require collateral.

If you face any problems in applying for this CM Punjab Karobar Card loan Scheme or have any query then please contact us. We will be happy to help you.