How to Apply for the Asaan Karobar Card and Finance
- May 19, 2025
- 0
The Punjab government, led by Chief Minister Punjab Maryam Nawaz Sharif, has introduced the Asaan Karobar Card and Finance Scheme to promote small and medium-sized businessmen with interest-free loans. The scheme will help boost business development and economic growth throughout the province.
Eligibility Criteria
To get the Asaan Karobar Card and Finance Scheme, make sure you are:
• Age: Between 21 to 57 years
• Residency: Resident of Punjab
• Identification: Genuine CNIC
• Mobile Number: Registered on your name
• Business Status: Own or intend to start a business in Punjab
• Tax Status: Active filer
• Credit History: No defaulting loans or defaults
• Application Limit: Single application per individual/business
Documents Required
Make the following documents ready before proceeding with your application:
• Scanned document or clear photocopy of your CNIC (front and back).
• Passport photo or selfie.
• Document showing tax filing.
• Business income/expenditure details.
• Rent agreement or property documents for business and dwelling.
• Names, CNIC copies, and contact information of two non-relative references.
Application Process
To apply for the Asaan Karobar Card and Finance Scheme, follow these steps:
- Register Online: Go to the PITB portal and open an account with your CNIC-linked mobile number.
- Complete the Application: Fill in the application form with precise information. Spend a minimum of 15 minutes filling out the form.
- Pay Processing Fee:
• Asaan Karobar Card: PKR 500
Finance Scheme:
• Tier 1 (Rs1 million to Rs5 million): PKR 5,000
• Tier 2 (Rs6 million to Rs30 million): PKR 10,000 - Upload Documents: Attach all mentioned documents above.
- Submit Application: Check your application and submit it online.
- Track Application: After submission, you'll be assigned a registration number and SMS notifications about the status of your application.
Loan Details
Asaan Karobar Card:
• Loan Amount: Up to PKR 1 million
• Interest Rate: 0% (Interest-free)
• Repayment Period: 3 years
• Grace Period: First 3 months with no repayment
• Usage: Vendor payments, utility bills, government fees, and limited cash withdrawals (up to 25% of the limit)
Finance Scheme:
• Loan Tiers:
Tier 1: Rs1 million to Rs5 million
Tier 2: Rs6 million to Rs30 million
• Interest Rate: 0% (Interest-free)
• Repayment Period: Up to 5 years
• Processing Fee:
Tier 1: PKR 5,000
Tier 2: PKR 10,000
• Usage: Business growth, purchase of equipment, and other business expenses
Advantages of the Asaan Karobar Card and Finance Scheme
• Interest-Free Loans: Easy access to significant funding without the pressure of interest.
• Business Growth: Chance to grow or establish your business with financial assistance.
• Simplified Process: Easy online application with less documentation.
• Government Support: Supported by the Punjab government for credibility and support.
• Financial Inclusion: Promotes formalization of businesses and inclusion in the tax net.
For more details and to apply, go to the Asaan Karobar Finance official website.
Please note: Make sure all information provided is accurate and up-to-date to prevent delay in processing your application.
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