The Punjab government has introduced the Asaan Karobar Scheme to support Small and Medium Enterprises (SMEs), young entrepreneurs, and new businesses. The program provides interest-free loans of up to Rs 30 million, making it a first-of-its-kind opportunity in the province.
Table of Contents
Key Components of the Scheme
The initiative comprises two main components:
- Asaan Karobar Finance Scheme: Offers loans from Rs 1 million to Rs 30 million for businesses.
- Asaan Karobar Card Scheme: Aims to provide financial support through user-friendly cards.
Both programs are designed to stimulate economic growth and encourage entrepreneurship in Punjab.
Eligibility Criteria
Applicants must meet the following requirements:
- Be aged between 21 and 57 years.
- Have a CNIC and a registered mobile number.
- Be a tax filer with no negative credit history.
- Have or plan a business located within Punjab.
- Submit references and documentation for business and residence.
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Loan Details
Loan Tier | Loan Amount | Processing Fee | Interest Rate | Repayment Tenure |
Tier 1 | Rs 1 million to Rs 5 million | Rs5,000 | 0% | Up to 5 years |
Tier 2 | Rs6 million to R s30 million | Rs10,000 | 0% | Up to 5 years |
Asaan Karobar Scheme Apply Online
The application process is completely online. Following are the simple steps to apply
Prepare Documents:
- Passport-size photograph or selfie.
- Scanned CNIC (front and back).
- Registered mobile number.
- Two references with CNIC and contact details.
- Proof of tax filing status.
- Business-related documents, such as income records and property agreements.
- Online Registration:
- Visit akf.punjab.gov.pk for the Asaan Karobar Finance Scheme.
- Complete the Form:
- Complete the form carefully and upload the necessary documents. Pay the processing fee (Rs 500 for cards, Rs 5,000–10,000 for loans).
- Track Application:
- Receive SMS updates with your registration number.
- Check the application status through the official portal.

Image Source: Asaan Karobar Finance Portal
Asan Karobar Scheme Last Date
Applicants must apply before March 31, 2025, to take advantage of this historic initiative.
Conclusion
The Asaan Karobar loan Scheme is a bold step by the Punjab government to promote entrepreneurship, empower SMEs, and boost the province’s economy. With interest-free loans, simplified application processes, and a focus on youth empowerment, this initiative is set to pave the way for a more prosperous future in Punjab.