Apna Kamao, Apna Khao - Easy Business Loans Scheme

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Apna Kamao, Apna Khao - Easy Business Loans Scheme

Within only 3 months, more than 107,000 people have availed loans of Rs. 61 billion. For the first time ever in Punjab, 57,913 new businesses were launched within 90 days.

Loans amounting to Rs. 23.91 billion were given for initiating new ventures. For the first time, 6,753 women were given loans amounting to Rs. 3.42 billion for operating their own businesses. The Chief Minister, Maryam Nawaz Sharif, has ordered that the procedure for pending applications under the Easy Business Finance and Card Loan Scheme Apna Kamao Apna Khao be finalized in a hurry.

According to the directive of the Chief Minister, Easy Business Card can now also be activated through WhatsApp. She has also requested a loan plan for targeting the export and manufacturing industries and asserted that the Online Business Finance and Easy Business Card Program must not be discontinued at any cost.

A special session under the chairmanship of CM Maryam Nawaz Sharif was conducted on the Easy Business Finance and Card Program. There was a comprehensive briefing about both programs in the session.

Sara Umar, MD of PSIC, gave an update on the Easy Business Scheme:

• Under the Chief Minister Easy Business Finance Scheme, loans worth Rs. 18 billion have been issued to 3,010 individuals.
• Under the Easy Business Card Scheme, loans worth Rs. 43 billion have been issued to 104,000 individuals.

Applications & Approvals:

• For CM Easy Business Finance: 74,579 applications, 2,505 approved, loans disbursed.
• For CM Easy Business Finance Tier-II: 12,029 applications, 505 approved, loans disbursed.
• For CM Easy Business Card Scheme: 1,380,838 applications, 104,133 approved.

Sector-Wise Loans:

• Transportation businesses: 1,312 individuals, Rs. 3.91 billion in loans.
• Trading & Distribution: 175 individuals, Rs. 3.94 billion in loans.
• For various sectors such as Professional Services, Agriculture, Dairy, Food, Beautician, Auto, Fertilizer, Pesticides, and others, there’s a growing trend of acquiring loans.

Through the Easy Business Card, the highest number of loans — Rs. 26.13 billion — were taken by 61,996 individuals providing services.

• For Trading, 24,522 individuals received loans worth Rs. 10.75 billion.
• For Agri Small Businesses, 10,699 individuals received loans worth Rs. 3.69 billion.

Apna Kamao, Apna Khao: A Path to Self-Reliance Through Easy Business Loans

This groundbreaking initiative has enormously empowered people of Punjab by ensuring that access to money is easy, and thousands have been able to establish or grow their own enterprises. It has benefited most of all unemployed youth, women entrepreneurs, and small traders who did not earlier have collateral or institutional financing.

By pushing for self-employment and financial autonomy, the program is eliminating poverty, creating employment, and pushing local economies in the province.

The emphasis on being inclusive, digitally accessible (e.g., activated through WhatsApp), and supportive of a variety of sectors ensures a broad base of beneficiaries, ultimately leading to a more independent and wealthy Punjab.

There are two primary schemes under this program launched by CM Maryam Nawaz's government:

1. Asaan Karobar Finance Scheme: Offers interest-free business loans between PKR 100,000 to PKR 30 million.
2. Asaan Karobar Card: A revolving credit facility of up to PKR 1 million in the form of a digital card, interest-free.

Who is Eligible?

• Age: 21–55 years
• Residency: Domicile in Punjab required
• CNIC: Valid and mobile number on it registered
• Tax Status: Active FBR filer
• Business Location: Business premises in Punjab
• Credit History: Clean credit record
• One Application Rule: One application per individual/business only

Eligible for men, women, persons with disabilities, and transgender people.

Required Documents

• CNIC (front and back scanned)

• Passport photo or selfie

• Business documents (rental agreement, utility bills, etc.)

• Taxpayer registration certificate

• References (with CNIC and contact info)

• Bank statement (6 months)

• Receipt of application fee (below)

How to Apply for Apna Kamao, Apna Khao Scheme

1. Visit akc.punjab.gov.pk (Asaan Karobar Card) or akf.punjab.gov.pk (Finance Scheme)

2. Register with your CNIC and mobile number

3. Fill personal and business details in the format

4. Upload necessary documents

5. Pay the processing fee:

• PKR 500 for Card Scheme
• PKR 5,000 for loans up to PKR 5 million
• PKR 10,000 for loans up to PKR 30 million

6. Submit and wait for verification and approval

Loan & Card Details

Scheme	Limit	Repayment	Grace Period	Fee
Asaan Karobar Card	Up to Rs. 10 Lakh	3 years	3 months	Rs. 500
Asaan Karobar Finance (Tier I)	Rs. 100000–50 Lakh	Up to 5 years	3–6 months	Rs. 5000
Asaan Karobar Finance (Tier II)	Rs. 6–300 Lakh	Up to 5 years	3–6 months	Rs. 10000

• Usage of Cards: Make payments to vendors, suppliers, bills, and taxes electronically. Can be spent up to 25% of the limit in cash.
• Finance Scheme: Suitable for new and existing companies with no markup and flexible grace periods.