CM Punjab Asaan Karobar Loan Scheme Program 2025

The Asaan Karobar Loan Scheme Program 2025 is a big step by the Punjab Government. It aims to help small and medium-sized businesses grow. This program gives out loans without interest to help businesses start, grow, and modernize.

Purpose of the Program

The main goals of the Asaan Karobar Loan Scheme are:

• Startup Support: Helping new entrepreneurs start their businesses.
• Business Expansion: Giving funds to grow existing businesses.
• Leasing Facilities: Helping with leasing commercial spaces.
• Environmental Sustainability: Supporting green businesses.

Eligibility Criteria

To get a loan, you need to meet certain requirements:

• Business Size:
  • Small Enterprises: Annual sales up to PKR 150 million.
  • Medium Enterprises: Annual sales between PKR 150 million and PKR 800 million.
• Age: Entrepreneurs must be between 25 to 55 years old.
• Tax Compliance: You must be an active FBR tax filer with a clean credit history.
• Location: Your business must be in Punjab.
• Identification: You need a valid CNIC and NTN.
• Business Premises: You must own or rent your business location.

Loan Details

The Asaan Karobar Loan Scheme has two types of loans:

• Tier 1 (T1):
  • Loan Amount: PKR 1 million to PKR 5 million.
  • Security: You need to provide a personal guarantee.
  • Tenure: Up to 5 years.
  • Interest Rate: 0% (no interest).
  • Processing Fee: PKR 5,000 (non-refundable).
• Tier 2 (T2):
  • Loan Amount: PKR 6 million to PKR 30 million.
  • Security: You need to provide collateral.
  • Tenure: Up to 5 years.
  • Interest Rate: 0% (no interest).
  • Processing Fee: PKR 10,000 (non-refundable).

Additional Financial Terms

• Grace Period:
  • Up to 6 months for startups.
  • Up to 3 months for existing businesses.
• Equity Contribution:
  • No contribution is needed for T1, except for leased vehicles (25%).
  • 20% contribution is needed for other loans under T1 and T2.
  • 10% contribution is needed for women, transgender individuals, and differently-abled persons.
• Repayment: You pay equal monthly installments as agreed.
• Late Charges: PKR 1 per PKR 1,000 per day for late payments.
• Additional Costs:
  • No annual fee for new businesses and green projects.
  • 3% per annum for existing businesses under T2.
  • Legal, insurance, and registration fees are extra and based on actual costs.

Application Process

To apply for the Asaan Karobar Loan Scheme, follow these steps:

1. Preparation: Get all the documents ready, including:
   • Passport-sized photo or a clear selfie.
   • Scanned copies or clear pictures of your CNIC (both sides).
   • A mobile number in your name.
   • Details of two non-relative references.
   • Tax filing status and business documents like income statements and expense records.
2. Registration: Go to the official Asaan Karobar portal at https://akf.punjab.gov.pk/landing. Create an account with your mobile number.
3. Application Form: Fill out the online application form. It should take about 15 minutes. You can save your work and come back later if needed.
4. Document Upload and Fee Payment: Upload your documents and pay the fee (PKR 5,000 for T1 and PKR 10,000 for T2). This fee is non-refundable.
5. Submission and Tracking: You’ll get a registration number via the portal and SMS once you submit. You can check your application status by SMS or by logging into the portal.

Also See: PM Kamyab Jawan Program 2025