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CM Asan Karobar Card
Punjab Chief Minister Maryam Nawaz has taken revolutionary steps to promote business activities in the province and officially launched the Asan Karobar Finance Scheme and CM Asan Karobar Card Scheme. Under these schemes, interest-free loans of Rs 1 million to Rs 30 million will be provided to small and medium-sized businesses, while interest-free loans of Rs 5 to Rs 1 million will be provided through Asan Karobar Card.
Those who wish to benefit from these schemes can apply online today. Under the revolutionary facility, there is no need to get any NOC, license or map to get a loan. Loan repayment will also be in very easy installments, making starting a business easier than ever. For more information, contact the Punjab government’s helpline 1786.
Special incentives for the promotion of industrialization and exports. Maryam Nawaz announced that under these schemes, special incentives will be given to those setting up industries in export processing zones, including free solar systems worth up to Rs 5 million. These schemes will strengthen the economy of Punjab and also take small and medium enterprises on a new path of development.
A new step towards a prosperous Punjab. The Chief Minister of Punjab said that the aim of these schemes is to provide an opportunity to young entrepreneurs so that they can expand their businesses and play a role in economic development. He added that these schemes of the Punjab government are providing 100 percent interest-free loans of up to Rs 30 million for the first time, which will play an important role in changing the destiny of the province.
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Asan Karobar Finance Scheme: Interest-Free Loans
Under the Easy Business Finance Scheme, interest-free loans ranging from Rs. 1 million to Rs. 30 million will be provided to individuals and businesses. These loans are aimed at promoting small and medium-sized enterprises (SMEs), which form the backbone of Punjab’s economy.
One of the standout features of this initiative is its flexible repayment plan, designed to make the process stress-free for borrowers. Additionally, loans ranging from Rs. 5 million to Rs. 10 million can be accessed using the Easy Business Card.
Citizens interested in these schemes can apply online immediately, and further information is available through the helpline 1786.
Promoting Small and Medium-Sized Enterprises
While addressing the launch event, Maryam Nawaz Sharif emphasized the importance of SMEs in driving economic growth. She noted that the schemes are revolutionary steps toward transforming Punjab and Pakistan’s economic landscape.
Previously, starting a business was a daunting task. Through these schemes, we have removed barriers and created opportunities for everyone she remarked. The initiative also includes the provision of land at subsidized rates for those looking to establish small businesses. Notably, this is the first program in Punjab’s history to offer interest-free loans of up to Rs. 30 million without the immediate need for a no-objection certificate (NOC), licenses, or approvals for maps.
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Bank of Punjab’s Role in Loan Disbursement
The Bank of Punjab will play a crucial role in distributing these loans. The scheme also incentivizes industrial growth in export processing zones, aiming to bolster the province’s export capacity. Furthermore, entrepreneurs setting up industries in these zones can benefit from solar systems worth up to Rs. 5 million, provided free of cost.
Asan Karobar Finance Scheme 2025 Online Registration
The online registration procedure is very easy and fast to avail the benefits of Asan Zarbon Finance and Asan Zarbon Card schemes. Aspirants will first have to visit the official website of the Government of Punjab, where a specific section “Asan Zarbon Scheme Registration” will be available.
During registration, the applicant will have to provide his basic information such as name, CNIC number, address, and mobile number. In addition, it is also necessary to provide the loan amount required for the business and brief details of the business plan.
After completing the online application, the applicant will receive a confirmation message containing the application details and instructions for the next steps. Eligible candidates will be contacted by Bank of Punjab on the mobile number provided by them to complete further processing of the loan.
This entire registration process has been made user-friendly and easy, so that everyone can easily become a part of these schemes. For more information, the helpline number 1786 can also be contacted.
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Empowering Young Entrepreneurs
Maryam Nawaz Sharif highlighted the scheme’s potential to reshape Punjab’s economic future. Young entrepreneurs will have access to interest-free loans, enabling them to establish and expand their businesses. This initiative aims to set a new course for SMEs, paving the way for a prosperous Punjab.
Addressing Economic Challenges
Maryam Nawaz spoke candidly about the economic challenges faced by the country in recent years. She credited Prime Minister Muhammad Shahbaz Sharif for stabilizing the economy after years of mismanagement.
Before the Pakistan Muslim League (N) came to power, the country was on the verge of default. Inflation had skyrocketed to 38%, and the dollar had surged from Rs. 104 to Rs. 350. Today, we are witnessing an improvement in economic indicators, including remittances and foreign exchange reserves, she said.
She also pointed to the historic progress made during former Prime Minister Muhammad Nawaz Sharif’s tenure, where the growth rate stood at 5.7%, and issues like load-shedding and terrorism were nearly eradicated.
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Punjab Asan Karobar Finance Eligibility Criteria
To qualify for the Asan Karobar Card Scheme, applicants must meet the following requirements:
- Age: Applicants must be between 18 and 55 years old.
- Citizenship: Must hold a valid CNIC and be a resident of Punjab.
- Business Status:
- New entrepreneurs planning to start a business.
- Existing business owners looking for financial support.
- Credit History: Clean credit record with no history of defaults.
- Purpose of Loan: The loan must be used for business purposes such as purchasing equipment, raw materials, or expanding operations.
Registration Procedure: Step-by-Step
Step 1: Visit the Official Portal
Go to the official Punjab government or Bank of Punjab website designated for the Assan Karobar Card Scheme.
Step 2: Create an Account
- Enter your CNIC number and contact details.
- Provide your email address to receive updates.
Step 3: Fill Out the Application Form
- Complete the online application with personal, business, and financial details.
- Attach scanned copies of required documents (CNIC, business registration, etc.).
Step 4: Submit the Application
- Review the details and submit the application.
- You will receive a tracking number for your application.
Step 5: Verification and Approval
- The concerned authorities will verify your details.
- Once approved, you’ll be notified via SMS or email.
Step 6: Collect Your Card
- Visit the nearest Bank of Punjab branch to collect your Asan Karobar Card.
- Activate the card and start using it for business-related expenses.
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Benefits of the Asan Karobar Card Scheme
- Easy Access to Loans: Avail interest-free loans ranging from Rs. 1 million to Rs. 30 million.
- Flexible Repayment Plans: Pay back loans in easy installments.
- No Immediate Documentation: No need for NOCs, licenses, or approvals at the start.
- Subsidized Land: Access land at concessional rates for small businesses.
- Solar Systems: Free solar systems worth up to Rs. 5 million for industries in export processing zones.
- Economic Empowerment: Encourages small and medium-sized enterprises (SMEs) to grow and contribute to Punjab’s economy.
Conclusion
The CM Punjab Asan Karobar Finance Scheme and Asan Karobar Card represent a bold and innovative approach to economic development. By providing interest-free loans, removing bureaucratic hurdles, and supporting SMEs, the Punjab government is laying the groundwork for a prosperous future. Entrepreneurs and business owners now have an unparalleled opportunity to contribute to the province’s economic growth and realize the vision of a thriving Punjab. For more details, individuals are encouraged to contact the helpline 1786 or apply online today.
Frequently Asked Questions (FAQs)
What is the purpose of the Assan Karobar Card?
The card is designed to provide financial support and interest-free loans to small and medium-sized businesses in Punjab.
Can I apply if I don’t have an existing business?
Yes, new entrepreneurs planning to start a business are eligible to apply.
Are there any hidden charges?
No, the scheme offers interest-free loans with no hidden charges.
How long does it take to get approval?
The approval process typically takes 2-3 weeks after submission.
What is the loan repayment period?
Repayment terms depend on the loan amount and can be discussed during approval.
Can I use the card for personal expenses?
No, the card is strictly for business-related expenses.
Is there a helpline for assistance?
Yes, you can contact the helpline 1786 for more details.