Asaan Karobar Loan Scheme 2025
The Asaan Karobar Loan Scheme 2025 is a transformative initiative hurled to authorize small business owners and aspiring businesspersons in Punjab. This program aims to provide monetary support and constancy to businesses, allowing them to grow and prosper without the load of high-interest loans. Offering interest-free loans of up to PKR 1 million, the scheme ensures accessibility, transparency, and suitability through a fully digital process.
If you’re interested in applying for this incredible chance, this article will guide you through the key supplies, features, and application process, ensuring that you have all the material you need in one place.
More Read:Assaan Karobar Finance Scheme 2025 Registration
Quick Information Table
| Field | Details |
| Name of the Program | Asaan Karobar Loan Scheme 2025 |
| Start Date | January 2025 |
| End Date | Ongoing |
| Maximum Loan Amount | PKR 1 Million |
| Application Method | Online |
| Loan Tenure | 3 Years |
| Interest Rate | 0% |
| Eligibility | Punjab residents aged 21-57 years |
Key Features of the Asaan Karobar Loan Scheme
The Asaan Karobar Loan Scheme offers numerous benefits tailored to the needs of small businesses and entrepreneurs:
- Loan Limit: Up to PKR 1 million.
- Loan Tenure: 3 years with revolving credit for 12 months.
- Repayment Terms: Equal monthly payments (EMIs) over 2 years first after the first year.
- Grace Period: Debtors enjoy a 3-month grace period after the issuance of the loan card.
- Interest Rate: The scheme is completely interest-free, making it highly nearby for low-income entrepreneurs.
- Usage Flexibility: Loan funds can be used for:
- Payments to suppliers and vendors.
- Settlement of utility bills, taxes, and rule fees.
- Cash withdrawal of up to 25% of the loan limit for business purposes.
- Digital payments via mobile apps or POS systems.
Eligibility Criteria for the Asaan Karobar Loan Scheme
To qualify for this scheme, applicants must meet the following conditions:
- Age Range: Applicants must be between 21 and 57 years old.
- Residency: Only Pakistani nationals exist in in Punjab are eligible.
- Valid CNIC and Contact Details: Your CNIC and mobile number must be listed in your name.
- Business Location: The business must operate in Punjab, whether current or prospective.
- Credit Assessment: A suitable credit and psychometric evaluation is required.
- Clean Credit History: Applicants should have no history of overdue loans or evasions.
- Application Limit: Only one application per separate or commercial entity is allowed.
- Tax Registration: Registration with the Punjab Revenue Authority (PRA) or Federal Board of Revenue (FBR) is required within six months of card issuance.
More Read:CM Punjab Loan Scheme 2025 Online Apply
How to Apply for the Asaan Karobar Loan Scheme
The application process is simple and fully digital. Follow these steps to apply:
- Submit Your Application:
- Visit the Punjab Information Technology Board (PITB) portal.
- Fill out the online application form accurately.
- Pay the Processing Fee:
- Pay a non-refundable fee of PKR 500 online.
- Verification Process:
- Digital verification of your CNIC, solvency, and business grounds will be conducted by authorized agencies.
- Approval and Card Issuance:
- Once approved, a loan card will be issued, allowing access to funds.
- Once approved, a loan card will be issued, allowing access to funds.
Loan Usage and Repayment Details
The scheme provides clear guidelines for loan usage and repayment to ensure proper financial discipline:
| Details | Description |
| First 50% Limit | Accessible within the first 6 months. |
| Grace Period | 3-month repayment holiday after card issuance. |
| Monthly Minimum Payment | 5% of the outstanding balance (principal only). |
| Second 50% Limit | Released upon timely repayments and tax registration. |
| Repayment Term | Equal monthly installments over 2 years. |
| Restricted Usage | Non-business-related expenses like personal purchases. |
Additional Costs and Fees
Although the scheme is interest-free, there are a few nominal charges:
- Annual Card Fee: PKR 25,000 + Federal Excise Duty (FED), deducted directly from the loan limit.
- Life Insurance: Included in the loan portfolio.
- Card Issuance and Delivery Fee: Covered under the scheme.
- Late Payment Charges: Applicable as per the bank’s policy.
More Read:Karobar Card Loan Scheme Punjab 2025
Security and Verification Measures
The program incorporates strict measures to ensure answerability and slide:
- Personal Guarantee: Borrowers must provide a digital individual assurance.
- Life Assurance: Life pledge coverage is included for all borrowers.
- Business Verification: The Urban Unit will verify business buildings within six months of approval and conduct annual checks.
Support for Applicants
The government provides additional resources to help tycoons succeed:
- Feasibility Studies: Available on the Punjab Small Industries Corporation (PSIC) and Bank of Punjab websites to guide startups.
- Helpline: Call 1786 for assistance and queries.
- Official Website: Visit akf.punjab.gov.pk for the latest updates and details.
FAQs
Can I apply if my business is not yet operational?
Yes, the scheme supports both existing and potential businesses situated in Punjab.
Is there any penalty for late repayments?
Yes, late payments are subject to charges as per the bank’s policy.
Can I withdraw the entire loan amount in cash?
No, cash withdrawals are limited to 25% of the loan limit for corporate purposes.
What happens if I don’t register with PRA or FBR within six months?
Failure to register may lead to limits on loan access.
Is there any guarantee required for the loan?
Yes, debtors must provide a digital personal pledge.