Asaan Karobar Card Online Registration Via akc.punjab.gov.pk

In a significant step toward promoting entrepreneurship and fostering economic growth in Punjab, the provincial government has launched the CM Punjab Asaan Karobar Card. This pioneering initiative offers interest-free loans to small business owners and entrepreneurs, aiming to empower the local business community by providing them with the necessary financial support. The Asaan Karobar Card is designed to facilitate growth and sustainability for small and medium enterprises (SMEs) by offering easy access to financial resources without the burden of interest. The scheme is backed by digital tools such as mobile applications and Point of Sale (POS) systems, ensuring smooth and transparent financial transactions. With a loan limit of up to PKR 1 million, this program is a crucial initiative for the entrepreneurial landscape of Punjab.

Overview of the Asaan Karobar Card Scheme

The Asaan Karobar Card Scheme is a flagship project under the leadership of the Punjab government, primarily focused on aiding small businesses. By offering interest-free loans up to PKR 1 million, this program aims to eliminate financial barriers for entrepreneurs who wish to expand their businesses. The card also provides a revolving credit facility, which means businesses can access funds, repay, and then reuse them within the first year of approval.

This initiative is designed not only to provide financial relief but also to help small businesses manage their operational costs, such as vendor payments, utility bills, and government fees. The key advantage of the Asaan Karobar Card is its simplicity and transparency, achieved through a fully digital process. The online application process, combined with the easy-to-use features of the card, ensures that entrepreneurs can manage their finances with ease.

Also Read: Latest Registration update about CM Solar Panel Scheme.

Key Features of the Asaan Karobar Card

 

The Asaan Karobar Card comes with several standout features designed to help entrepreneurs streamline their business operations. Here are the core aspects of the card:

  1. Interest-Free Loans
    The Asaan Karobar Card offers interest-free loans to entrepreneurs, making it easier for small business owners to access capital without the pressure of high-interest rates. This makes it a valuable resource for businesses that need financial support to grow and succeed.
  2. Loan Amount and Flexibility
    The loan limit for each business is up to PKR 1 million, providing entrepreneurs with the capital needed to manage their daily operations, expand their businesses, or handle unforeseen expenses. The loan is structured in a revolving credit facility, meaning that businesses can access and reuse funds within the first year, followed by installment payments over the next two years.
  3. Grace Period
    Borrowers are given a three-month grace period before they must start repaying their loans. This ensures that businesses have sufficient time to generate revenue and stabilize their operations before committing to monthly repayments.
  4. Repayment Structure
    Repayments for the loan are structured in equal monthly installments (EMIs). The loan repayment starts after the grace period with a minimum of 5% of the outstanding loan balance due each month. The remaining balance is repaid over the next 24 months, allowing businesses to pay back the loan in manageable installments.
  5. Digital Transactions and Convenience
    The Asaan Karobar Card ensures that entrepreneurs can handle all their business-related transactions through digital tools such as mobile apps and POS systems. This increases the transparency of the fund usage and reduces administrative overheads.
  6. Cash Withdrawal Facility
    In addition to digital transactions, the Asaan Karobar Card allows entrepreneurs to withdraw up to 25% of the loan amount for miscellaneous business expenses. This added flexibility ensures that entrepreneurs can meet any urgent or unexpected financial needs.
  7. Minimal Charges
    The Asaan Karobar Card comes with minimal charges to ensure affordability. An annual card fee of PKR 25,000 (plus applicable Federal Excise Duty) is charged, which is deducted from the loan limit. There may also be additional charges, such as life assurance, card issuance, and delivery costs, as well as penalties for late payments.

Eligibility Criteria for the Asaan Karobar Card

The Asaan Karobar Card is specifically targeted at entrepreneurs who meet the following criteria:

  • The applicant must be a Pakistani national and a resident of Punjab.
  • The applicant should be between the ages of 21 and 57 years.
  • A valid Computerized National Identity Card (CNIC) and a registered mobile number are required for verification.
  • The applicant must either own or plan a business that is located in Punjab.
  • The business should have a clean credit history, with no overdue loans.
  • The applicant must pass psychometric and credit assessments conducted by authorized agencies.
  • The applicant must agree to register the business with the Punjab Revenue Authority (PRA) or Federal Board of Revenue (FBR) within six months of receiving the card.
  • Only one application is allowed per individual or business.

 

These eligibility criteria ensure that the scheme is accessible to genuine small business owners who need financial support for growth and development.

How to Apply for the Asaan Karobar Card

The application process for the Asaan Karobar Card is simple and entirely online. Follow these steps to apply:

  1. Visit the Official Website
    Go to the official portal: akc.punjab.gov.pk. On the homepage, click the “Register Now” option.
  2. Complete the Registration Form
    Fill out the registration form with accurate personal and business details. This includes your name, CNIC number, father’s/husband’s name, date of birth, and contact information.
  3. Upload Required Documents
    You will need to upload necessary documents such as your CNIC, proof of residence, and any other business-related paperwork. Make sure that the documents are valid and up-to-date.
  4. Pay the Processing Fee
    A non-refundable processing fee of PKR 500 is required to process your application.
  5. Digital Verification
    After submitting the application, a digital verification will be conducted by authorized agencies to verify your CNIC, business premises, and creditworthiness.
  6. Card Issuance
    If your application is approved, your Asaan Karobar Card will be issued for use in business transactions.

How to Register for the Asaan Karobar Card

Registration for the Asaan Karobar Card is easy:

  1. Access the Portal
    Go to the official website: akc.punjab.gov.pk.
  2. Fill in Personal Information
    Enter details such as your CNIC, date of birth, and contact information.
  3. Create a Password
    Set a strong password for your account, and confirm the password to ensure it matches.
  4. Submit the Form
    Review the information for accuracy, then click the “Register” button.

 

Once registered, you will receive a confirmation message on your mobile phone.

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Benefits of the Asaan Karobar Card

The Asaan Karobar Card brings numerous benefits to small business owners, including:

  • Financial Empowerment: The interest-free loans provide crucial support to small businesses that may struggle to secure traditional financing.
  • Growth Opportunities: The funding helps businesses cover operational costs and expand their operations.
  • Digital Convenience: The card facilitates digital transactions, ensuring ease and transparency.
  • Inclusivity: The program is designed to assist a wide range of businesses across various sectors in Punjab.
  • Affordable Repayments: The flexible repayment options and grace period make the loan accessible to businesses at different stages of development.

Helpline and Support

If you have any queries or need assistance with your application, you can contact the official helpline at 1786. The helpline is available during standard office hours to guide you through the registration, eligibility, and application process.

Conclusion

The CM Punjab Asaan Karobar Card is an innovative solution designed to help small businesses in Punjab overcome financial challenges and achieve their growth potential. By providing interest-free loans, digital tools for transactions, and a flexible repayment structure, the scheme enables entrepreneurs to manage their finances more efficiently and focus on expanding their businesses. The initiative reflects the Punjab government’s commitment to empowering local businesses and promoting economic development across the province.

For more information and to apply for the Asaan Karobar Card, visit the official website: akc.punjab.gov.pk.