Punjab Asaan Karobar Finance Scheme
The government of Punjab has launched the Asaan Karobar Finance Scheme in collaboration with BOP and Punjab Small Industries Corporation. The scheme will provide interest-free loans of up to Rs 1 million to small entrepreneurs running their businesses across Punjab to start, grow and sustain their businesses. The process structure ensures transparency and systematic expenditure of funds as the scheme is operated through digital modes like mobile apps and POS systems.
It is very easy to complete your registration process in the Asaan Karobar Finance Scheme. All the users can become a part of this scheme by submitting their application from home. So, submit your application soon and become a part of the scheme. An online portal has been provided for applying. The complete procedure will be explained to you in the article.
Online Apply For Punjab Asaan Karobar Finance Scheme
An online portal has been launched for registration and application submission in the Punjab Asaan Karobar Finance Scheme. Many who have small businesses can become a part of this scheme by applying. Follow these steps to register.
- The application needs to be submitted online through the PITB portal.
- Visit https://akf.punjab.gov.pk/landing
- Fill out the application form and submit it.
- A non-refundable fee of 500/-.
- Digital verification of CNIC and creditworthiness
- Physical verification of business premises carried out by authorized agencies
Key Conditions
Registration with the Punjab Revenue Authority (PRA) or Federal Board of Revenue (FBR) is required within six months from the date of card issuance. All the funds can be used only for business purposes. Non-business transactions are not allowed. Applicants must follow all the rules and regulations of the scheme.
Loan Usage and Repayment Details
- First 50% of the Limit: Available within the first six months from the date of card issuance
- A grace period of three months for repayment commencement
- Minimum monthly installment: 5% of the outstanding loan amount (principal only)
- 50% of the Limit: Available upon satisfactory utilization of the first advance and onboarding with PRA/FBR
Eligibility Condition for Applicants
The Asaan Karobar Finance Scheme is open to small entrepreneurs who fall within the following conditions:
- Age: Between 21 to 57 years.
- Residency: The applicant is a Pakistani national with residence in Punjab.
- Business Location: Existing or proposed businesses are located in Punjab.
- Identification: Valid CNIC with a registered mobile number.
- Creditworthiness: Satisfactory credit and psychometric evaluation.
- Loan History: Clean credit history with no delayed loans.
- Single Application: One application per individual and business.
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Key Features of Digital SME Card Scheme
Punjab Asaan Karobar Finance Scheme has many features that enable the user to do the following:
| Scheme | Asaan Karobar Finance Scheme |
| Amount | 1 Million |
| Tenor | Three years |
| Loan Type | Revolving credit facility for 12 months |
| Repayment Period | 2-year installments with the first-year moratorium |
| Moratorium | Three months from the issuance date after which repayments start |
Repayment Schedule
The balance outstanding after the first year is to be repaid over the next two years in equal monthly installments (EMIs). Late payments attract fees according to the Bank’s Policy or Schedule of Charges:
Annual Card Fee
- 25000 + Federal Excise Duty (FED), recovered from the approved loan limit
Additional Charges
- Life assurance, card issuance, and delivery charges are covered by the scheme.
Utilization of Funds
- All monies disbursed under this Scheme may be used for the following purposes, namely:
- Sourcing finance for payment of vendors and suppliers
- Utility bills, govt. fees and taxes
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Benefits of the Digital SME Card Scheme
Under the Asaan Karobar Finance Scheme, we can avail many benefits. Users can get interest-free loans up to 10 lakhs by completing their registration process. A three-month grace period is given for the loan. After that, you can repay your money in easy installments. More benefits are as follows:
- Accessibility: Interest-free loans make credit accessible and affordable to small entrepreneurs.
- Transparency: Funds are released digitally, hence transactions are transparent.
- Flexibility: Revolving credit facility enables effective cash flow management by entrepreneurs.
- Economic Growth: Encourages entrepreneurship, increases employment, and enhances Punjab’s economy.
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Digital SME Card Loan Scheme Latest Updates
Asaan Karobar Finance Scheme has upgraded its facilities for small entrepreneurs in 2025. It has further increased its services and is being integrated with other banks and financial institutions to improve digital payments. It has enhanced its campaigns to make more rural entrepreneurs and women-led business houses aware of the facility.
Further, the process of applying is made less cumbersome by having a better user interface on the PITB portal that makes submissions faster and more efficient. All these updates are geared towards wider accessibility, transparency, and ease of use among all stakeholders.
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Conclusion
This digital SME card scheme is a revolutionary initiative that can be used for entrepreneurship and economic development in the state of Punjab. It enables small entrepreneurs by providing interest-free loans, transparent processes, and robust support. Its continuous improvement and expanded reach make it the cornerstone for sustainable growth and prosperity in the region.