The Punjab government has introduced the CM Punjab Asaan Karobar Card as part of a strategic initiative to assist small businesses and entrepreneurs. This scheme aims to provide interest-free loans of up to PKR 1 million to support small and medium-sized enterprises in growing and expanding their operations. The program uses digital platforms, including mobile applications and POS systems, to ensure easy management and transparency in business transactions.
This initiative is designed to enhance the entrepreneurial ecosystem in Punjab and stimulate economic growth. Below is a comprehensive guide to help you apply, register, and log in to the Asaan Karobar Card through its official portal at akc.punjab.gov.pk.
Financial Boost with a Budget of 84 Billion Rupees for SMEs
Under the leadership of Punjab’s Chief Minister, Maryam Nawaz Sharif has launched one of the province’s most ambitious finance schemes, the Aasaan Karobaar Finance Scheme, alongside the Aasaan Karobaar Card Scheme. These programs provide interest-free loans to young entrepreneurs, startups, and small businesses.
With a substantial allocation of 84 billion rupees, including 48 billion rupees specifically for the Asaan Karobar Card, this initiative is a key step toward fostering economic growth and job creation in Punjab. These schemes also aim to promote inclusivity and enable individuals to contribute meaningfully to the province’s economy.
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Information About the Asaan Karobar Card
| Feature | Details |
| Maximum Loan Limit | PKR 1 million |
| Interest Rate | 0% |
| Loan Term | 3 years |
| Grace Period | 3 months |
| Loan Type | Revolving credit facility |
| Application Method | Online at akc.punjab.gov.pk |
Methods to Apply for the Asaan Karobar Card
Follow these steps to submit your application for the Asaan Karobar Card:
- Go to akc.punjab.gov.pk to start the application process.
- Provide your personal and business information accurately.
- A non-refundable fee of PKR 500 is required to proceed.
- Include a copy of your CNIC and proof of residence.
- Authorized agencies will digitally verify your CNIC, business premises, and financial status.
- If approved, you will receive the Asaan Karobar Card, which can be used for business transactions.
- Need Help? For assistance, contact the helpline at 1786.
How to Register for the Asaan Karobar Card
To register for the Asaan Karobar Card, follow these steps:
- Open your browser and visit akc.punjab.gov.pk. On the homepage, click on the “Register Now” button.
- Provide your full name, CNIC number, date of birth, and father’s or husband’s name.
- Enter a valid mobile number and select your mobile network. Ensure the number is active for future updates.
- Create a secure password and confirm it.
- Verify and Submit
- Double-check all entered details for accuracy, then click the “Register” button.
Upon successful registration, you will receive a confirmation message on your mobile device.
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How to Log in to Your Asaan Karobar Card Account
Once you’ve registered, logging into your account is straightforward:
Step 1: Visit the Login Page
Head over to akc.punjab.gov.pk and select the “Login” option.
Step 2: Enter Your Login Details
- CNIC Number: Type in the CNIC number you used during registration.
- Password: Enter the password you set earlier.
Step 3: Access Your Account
Click on the “Login” button, and you will be redirected to your account dashboard, where you can view available services and track your loan application status.
Tips for a Smooth Login
- Ensure the entered details match your registration information.
- Use a stable internet connection for uninterrupted access.
- Keep your login credentials secure and confidential.
An Overview of the Asaan Karobar Card Program
The Asaan Karobar Card is a groundbreaking initiative aimed at offering financial assistance to small businesses in Punjab. With a PKR 1 million interest-free loan, entrepreneurs can overcome financial hurdles and focus on growing their business.
The revolving credit facility and flexible repayment terms provide much-needed relief to SMEs looking to expand or stabilize their operations. This scheme reflects the Punjab government’s commitment to fostering entrepreneurship and boosting the regional economy.
Eligibility Requirements
To be eligible for the Asaan Karobar Card, applicants must meet the following criteria:
- Must be a Pakistani citizen residing in Punjab.
- Must be aged between 21 and 57 years.
- Must have a valid CNIC and a registered mobile number.
- Must own or plan to start a business in Punjab.
- Must have a clean credit record with no overdue loans.
- Must pass psychometric and credit assessments conducted by approved agencies.
- The business should be registered with PRA/FBR within six months of receiving the card.
Loan Usage and Repayment Details
The Asaan Karobar Card offers flexible loan usage and repayment terms:
- First 50%: Accessible within six months post-approval.
- Grace Period: A three-month grace period is provided before repayments commence.
- Repayment: Monthly installments start at 5% of the outstanding loan balance.
- The remaining 50% is released upon meeting repayment terms.
- Repayment Term: The loan is repaid over 24 months after the first year.
Loans must be used for business-related expenses such as vendor payments, utility bills, and government fees. Personal or non-business transactions are prohibited.
Fees
While the Asaan Karobar Card has minimal charges, here are some details:
- Annual Card Fee: PKR 25,000 + applicable FED, deducted from the loan amount.
- Additional Charges: Costs for life assurance, card issuance, and delivery.
- Late Payment Fees: A penalty is applied as per the bank’s policy for overdue installments.
Checking Your Loan Application Status
To track your application status, use the official portal or one of the following methods:
- Online Portal: Log in to view real-time updates.
- SMS Service: Send “STATUS [Application ID]” to 8300 for status updates.
- Helpline: Call 051-9053333 (within Pakistan) or +92-51-9053333 (for international inquiries) for support.
- In-Person: Visit any NBP branch with your CNIC to inquire about the application status.
Features of the Asaan Karobar Card
- Interest-Free Loans: Borrow up to PKR 1 million with no interest charges.
- Digital Transactions: Use the card for business expenses like vendor payments and utility bills via mobile apps and POS systems.
- Cash Withdrawals: Withdraw up to 25% of the loan amount for miscellaneous business needs.
- Revolving Credit: Access and reuse funds within 12 months; installments follow after the first year.
Benefits of the Asaan Karobar Card
The Asaan Karobar Card provides numerous benefits:
- Easy Access to Funds: This helps businesses meet their financial needs and grow.
- Transparency: Digital tools ensure clear tracking of loan usage.
- Business Expansion: Facilitates operational and expansion expenses.
- Inclusive: Available to small businesses across various sectors in Punjab.
- Convenient Application: The online process allows for quick approvals.
Helpline for Assistance
For any queries or support related to the Asaan Karobar Card, reach out to the official helpline:
- Phone: Dial 1786 for assistance.
- Website: Visit https://akc.punjab.gov.pk for detailed information.
Conclusion
The CM Punjab Asaan Karobar Card is an excellent opportunity for small business owners in Punjab, offering financial relief and growth opportunities through interest-free loans. By simplifying the application process and ensuring easy access to funds, this initiative empowers entrepreneurs to succeed and contribute to the province’s economic prosperity.