The Chief Minister of Punjab, Maryam Nawaz, has recently introduced a groundbreaking initiative to empower entrepreneurs, startups, and small business owners across the province. The new loan program, known as the Asaan Karobar Finance Scheme and the Asaan Business Card Scheme, is designed to provide accessible financing for business growth and development.
Key Highlights of the Scheme
- Asaan Karobar Finance Scheme
Loan of up to PKR 30 million per business.
Repayment period: 5 years with easy monthly installments.
Targeted for businesses aiming to expand or modernize.
- Asaan Business Card Scheme
Financing of up to PKR 1 million.
Repayment period: 3 years.
Card allows payments for raw materials, taxes, utilities, and even 25% cash withdrawal.
Eligibility Criteria
Age between 25 to 55 years.
Must be a resident of Punjab.
Inclusive for men, women, transgender persons, and differently-abled individuals.
Applicant must be an active tax filer and not a defaulter of any financial institution.
Application Process
Applications can be submitted online through official portals:
akf.punjab.gov.pk for the Asaan Karobar Finance Scheme.
akc.punjab.gov.pk for the Asaan Business Card Scheme.
Purpose of the Initiative
The scheme is aimed at:
Supporting small and medium enterprises (SMEs).
Promoting entrepreneurship among youth and women.
Providing easy access to finance for innovation and economic growth.
Creating employment opportunities across Punjab.
Maryam Nawaz Launches New Easy Business Loan Scheme for Entrepreneurs in Punjab