To assist small and medium-sized businesses (SMEs), the Punjab government launched the CM Punjab Asaan Karobar Card, a scheme that offers interest-free loans up to PKR 1 million. The card makes it simpler for business owners to run and maintain their enterprises by utilizing digital resources like POS systems and smartphone applications to guarantee ease and transparency. The goal of this program is to empower small companies and promote economic growth throughout Punjab. It is simple to register and log in using the official website, akc.punjab.gov.pk.
How the Asaan Karobar Card Application Process Works
Asaan Karobar Card Application Process:
• Visit the official website: akc.punjab.gov.pk.
• Fill out the online application form with personal and business details.
• Pay a non-refundable processing fee of PKR 500.
• Upload required documents: CNIC and proof of residence.
• Undergo digital verification by authorized agencies.
• Issue a card for business-related transactions upon approval.
Call the helpdesk at 1786 if you need any help or have any questions.
| Feature | Details |
|---|---|
| Loan Amount | Up to PKR 1 million (interest-free) |
| Eligibility | Age 21-57, Punjab resident, valid CNIC, clean credit history |
| Application Fee | PKR 500 (non-refundable) |
| Repayment Terms | 3-month grace period, EMIs over 24 months |
| Usage Flexibility | Vendor payments, utility bills, government fees, 25% cash withdrawal |
| Annual Card Fee | PKR 25,000 + FED (deducted from loan limit) |
| Application Portal | akc.punjab.gov.pk |
| Helpline | 1786 |
How the Asaan Karobar Card Registration Process Works
To apply for the Asaan Karobar Card, simply follow these steps:
Step 1: Access the Official Portal
Start your browser, then go to akc.punjab.gov.pk. Click “Register Now” once you’re on the homepage.
Step 2: Complete the Registration Form
Personal Details for CNIC Registration:
• Enter full name, CNIC number, date of birth, and parents’/husbands’ names.
• Fill in CNIC issuance and expiry dates.
• Provide a valid mobile number and network.
• Ensure active mobile number for confirmation and updates.
• Create a strong password and confirm it.
Step 3: Review and Submit
How to Access Your Account on the Asaan Karobar Card
Login to Asaan Karobar Card Account
• Go to the “Login” option on akc.punjab.gov.pk.
• Provide a CNIC number and password.
• Access the dashboard to explore services under the program.
• Ensure information matches registered details.
• Use a stable internet connection for uninterrupted access.
• Keep passwords secure and avoid sharing.
About the Asaan Karobar Card Program
A financial assistance program for Punjab’s small enterprises, the CM Punjab Asaan Karobar Card provides interest-free loans up to PKR 1 million. Through this program, entrepreneurs may focus on expanding their businesses and get beyond financial obstacles. The Punjab government’s dedication to economic growth and entrepreneurship is demonstrated by the revolving loan facilities and simple repayment plans.
Requirements for Asaan Karobar Card
Asaan Karobar Card Requirements
• Pakistani national and resident of Punjab.
• Age between 21-57 years.
• Possess a valid CNIC and registered mobile number.
• Own or plan a business in Punjab.
• Maintain a clean credit history.
• Pass psychometric and credit assessments.
• Register business with PRA/FBR within six months.
• Only one application is allowed per individual or business.
Details of Loan Use and Repayment
Asaan Karobar Card: Loan Usage and Repayment Flexibility
• First 50% of the loan accessible within six months post-approval.
• Three-month grace period before repayment.
• Monthly installments, starting with 5% of the outstanding balance.
• The second 50% is released upon satisfactory usage and timely repayment.
• Equal monthly installments (EMIs) over 24 months after the first year.
• Funds can be used for vendor payments, utility bills, government fees, and business expenses.
Fees and Charges
Asaan Karobar Card: Affordability for Entrepreneurs
• Annual Card Fee: PKR 25,000 + FED, deducted from loan limit.
• Additional Charges: Life assurance, card issuance, delivery costs.
• Late Payment Penalty: The bank’s policy applies for delayed installments.
Important Asaan Karobar Card Features
Interest-Free Loans Overview
• Borrow up to PKR 1 million without interest charges.
• Use funds for vendor payments, utility bills, and government fees via mobile apps and POS systems.
• Allow up to 25% cash withdrawal for business needs.
• Three-month grace period before repayment.
• Revolving credit facility: spend and access money for the first 12 months, then pay it back in installments over the next 24 months.
The Asaan Karobar Card’s advantages
Asaan Karobar Card Benefits for Small Businesses
• Provides easy access to funds for business growth.
• Ensures transparent and accountable fund usage.
• Provides financial assistance for needs related to growth and operating costs.
• Supports small businesses across Punjab sectors.
• Offers a convenient, digital application process.
Asaan Karobar Card Helpline
Asaan Karobar Card Assistance
• Dial 1786 for queries and support.
• Services include registration, eligibility criteria, and the application process.
• Available during standard office hours.
• Visit https://akc.punjab.gov.pk for detailed information.
In Conclusion
The CM Punjab Asaan Karobar Card, a program intended to assist small business owners and promote economic development in the province, was introduced by the Punjab government. By offering interest-free loans and a simple application procedure, the program helps business owners get over financial obstacles and support Punjab’s economic growth.
FAQs
Q1: What is the Asaan Karobar Card for CM Punjab?
A financial aid initiative called the CM Punjab Asaan Karobar Card offers interest-free loans up to PKR 1 million to help Punjab’s small and medium-sized enterprises.
Q2: What is the process for applying for an Asaan Karobar Card?
To apply, go to akc.punjab.gov.pk, complete the online application, upload the required files (proof of residency and CNIC), and pay PKR 500, which is a non-refundable processing charge.
Q3: What are the loan’s terms of repayment?
The program offers a flexible revolving credit facility for the first year, equal monthly installments spread over 24 months, and a 3-month grace period prior to repayments.