Punjab’s Chief Minister, Maryam Nawaz Sharif, has launched the CM Punjab Asaan Karobar Loan Scheme to support small and medium-sized businesses. The program targets entrepreneurs, startups, and marginalized groups to encourage economic growth and job creation.
The scheme offers interest-free loans and focuses on women, youth, rural entrepreneurs, and differently-abled individuals. Its aim is to ensure that promising business ideas are not hindered by financial challenges.
Loan Options and Benefits
The Asaan Karobar loan scheme provides financing through two main tiers and the Asaan Karobar Card. Tier-1 offers unsecured loans up to PKR 5 million with only a personal guarantee. Tier-2 includes secured loans ranging from PKR 6 million to PKR 30 million, backed by collateral.
The Asaan Karobar Card allows quick access to loans of up to PKR 1 million without any collateral. This card provides immediate financial support to new and existing entrepreneurs.
Eligibility Requirements
Applicants must be Punjab residents aged 25–55 with a valid CNIC. Existing businesses need proper registration and operational history. A clean credit record is mandatory, along with a feasible business plan or expansion proposal. Priority is given to women, youth, rural entrepreneurs, and differently-abled individuals.
Application Process
To apply, candidates should register on the official CM Punjab Asaan Karobar Scheme portal. They must select the appropriate loan tier, prepare required documents including CNIC, business plan, financial statements, and collateral proof for Tier-2 loans. A processing fee is required: PKR 5,000 for Tier-1 and PKR 10,000 for Tier-2. Once approved, funds are directly transferred to the applicant’s bank account.
Loan Structure Overview
| Loan Type | Amount | Collateral | Processing Fee | Tenure | Grace Period |
|---|---|---|---|---|---|
| Tier-1 | Up to PKR 5 million | No | PKR 5,000 | Up to 5 years | 6 months (new) / 3 months (existing) |
| Tier-2 | PKR 6–30 million | Yes | PKR 10,000 | Up to 5 years | 6 months (new) / 3 months (existing) |
| Asaan Karobar Card | Up to PKR 1 million | No | N/A | Flexible | Immediate access |
The Asaan Karobar loan scheme is designed to simplify access to funding and support entrepreneurship across Punjab.
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