The Punjab Government has officially launched the Asaan Karobar Finance Scheme, aimed at supporting entrepreneurs, small business owners, and job creators in Punjab. Under this initiative, eligible applicants can access loans ranging from ₹1 lakh to ₹3 crore with easy repayment terms and zero markup. This guide provides a step-by-step explanation of eligibility criteria, required documents, loan categories, and the complete online application process.
What is the Asaan Karobar Finance Scheme?
The Asaan Karobar Finance Scheme, introduced under the leadership of Punjab CM Maryam Nawaz, is designed to promote entrepreneurship, empower small and medium businesses, and create employment opportunities across the province.
Key Features:
✔ Loan amounts from ₹1 lakh to ₹3 crore
✔ Easy repayment period of up to 5 years
✔ 0% markup for both loan categories
✔ Available to men, women, and Khawaja Sira community
✔ Open for residents of Punjab aged between 25 to 55 years
Available Loan Categories
The scheme offers two types of loans based on business needs:
| Category | Loan Amount | Security Type | Application Fee |
|---|---|---|---|
| Tier 1 | ₹10 lakh to ₹50 lakh | Personal Guarantee | ₹5,000 |
| Tier 2 | ₹60 lakh to ₹3 crore | Secured Loan with Collateral | ₹10,000 |
Note: All loans must be repaid within 5 years. Early repayment is allowed.
Eligibility Criteria
To qualify for the scheme, you must meet the following conditions:
✅ Resident of Punjab
✅ Age between 25 to 55 years
✅ Possess an active and updated CNIC (Computerized National Identity Card)
✅ Active Tax Filer with FBR
✅ Business location must be owned or rented within Punjab
✅ No previous loan defaults
For Business Size:
- Small Enterprises: Annual sales up to ₹150 million
- Medium Enterprises: Annual sales between ₹150 million to ₹800 million
Purpose of the Loan
The loan can be used for:
✔ Starting a new business (Startup)
✔ Expanding an existing business
✔ Purchasing equipment or infrastructure
✔ Improving working capital
Eligible business types include:
- Manufacturing
- Trading
- Agriculture
- Services
How to Apply Online – Step-by-Step Process
Follow these instructions to apply successfully:
Step 1: Visit the Official Portal
Go to the official website: akc.punjab.gov.pk
- ‘F’ in the URL indicates Finance Scheme
- ‘C’ indicates Card Scheme
Step 2: Registration Process
- Click on Register Now
- Enter your full name as per CNIC
- Father’s or Husband’s name (for married women)
- CNIC number and active email
- Date of Birth (system calculates age automatically)
- CNIC Issue & Expiry Dates
- Mother’s name
- Employment status
- Gender selection
- Mobile number (SIM must be registered in your name)
- Residential and permanent address
- Business ownership status
- Taxpayer details (NTN number)
- Create a strong password with upper & lower case letters
Important: Double-check your details. Incorrect information can lead to application rejection.
Step 3: Filling Your Business Details
Once registered:
- Enter your business name and contact details
- Provide business address, division, district, tehsil, and city
- State number of employees and annual sales
- Ownership type: Owned, Rented, or Family-owned
- Provide National Tax Number (NTN)
- Business Registration Number (if applicable)
- Brief description of your business and reason for loan
Step 4: Loan Details Section
- Choose between Tier 1 or Tier 2 based on your requirements
- Enter desired loan amount
- Mention repayment period (up to 5 years)
- Provide information about any existing loans
Step 5: Financial Details
- Purpose of the loan (e.g., working capital, business expansion)
- Business nature (Services, Manufacturing, Agriculture, etc.)
- Business status (Owned, Part-time, etc.)
- Experience in the business field
Step 6: Upload Required Documents
Mandatory Documents:
✔ Passport-size photograph (selfie)
✔ CNIC Front and Back copies
✔ Project Financials or Feasibility Report
✔ Two years’ tax returns (for partners/directors if applicable)
✔ Additional reports if required by the portal
Note: Only upload documents marked with a red asterisk (*) as mandatory.
Step 7: References Section
- Provide at least two references (preferably relatives like cousins or uncles)
- Details needed: Full name, CNIC number, Issue Date, Mobile number, Relationship
Step 8: Application Submission & Payment
- After completing all sections, click Submit
- A unique PSID (Payment Slip ID) number will be generated
- Pay the application fee via EasyPaisa, JazzCash, or Bank options
- Tier 1: ₹5,000
- Tier 2: ₹10,000
- Once payment is made, application status will change to “Under Process”
Additional Information
- Loan is interest-free (0% markup)
- Applicants can reapply if initial application fails, provided eligibility is maintained
- Separate application process for Asaan Karobar Card Scheme
Common Mistakes to Avoid
❌ Incorrect CNIC details
❌ Providing unregistered mobile numbers
❌ Missing required documents
❌ Skipping tax registration
Need Assistance?
If you face issues applying online, authorized services are available to help you submit your application for a reasonable fee.
Conclusion
The Asaan Karobar Finance Scheme is a golden opportunity for aspiring entrepreneurs and existing business owners to access substantial financial support with easy terms. By following this comprehensive guide and ensuring accurate information, your chances of approval increase significantly.
Stay proactive, prepare your documents, and take full advantage of this initiative to grow your business and contribute to Punjab’s economy.