Asaan Karobar Program Online Registration
Asaan Karobar Program Online Registration Punjab government has launched the Asaan Karobar Program to support small and medium enterprises (SMEs) with interest-free loans. This initiative, led by Chief Minister Maryam Nawaz, aims to provide financial assistance to entrepreneurs, startups, and business owners across the province. With billions of rupees allocated for this program, over 100,000 businesses will benefit, helping to create employment opportunities and boost the economy.
If you are a business owner or planning to start a new venture, this guide will provide a complete step-by-step process to apply for the Asaan Karobar Program online. Learn about the eligibility criteria, loan types, required documents, and how you can successfully submit your application.
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What is the Asaan Karobar Program
The Asaan Karobar Program is a flagship initiative of the Punjab government that offers interest-free financing for small businesses. The program consists of two main schemes:
- Asaan Karobar Finance Scheme – Provides loans ranging from Rs. 1 million to Rs. 30 million.
- Asaan Karobar Card Scheme – Offers loans up to Rs. 1 million through a digital SME card.
These schemes are designed to help new and existing businesses expand without the burden of high-interest rates. The goal is to support entrepreneurship, create jobs, and strengthen Punjab’s economy by making business financing more accessible.
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Who is Eligible for the Asaan Karobar Program?
To apply for the Asaan Karobar Program, you must meet the following eligibility criteria:
- Age Requirement: Applicants must be between 21 and 57 years old (age criteria may vary for different schemes).
- Residency: Must be a resident of Punjab with a valid CNIC.
- Business Type: Open to startups and existing SMEs with an annual turnover of up to Rs. 800 million.
- Tax Status: Applicants must be active tax filers registered with FBR or PRA.
- No Default History: Applicants must have a clean financial record, without any unpaid bank loans or government dues.
- Special Consideration: Women, transgender individuals, and persons with disabilities receive extra support such as reduced equity requirements.
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Benefits of the Asaan Karobar Program
The Asaan Karobar Program offers several key benefits for entrepreneurs and small businesses:
- Interest-Free Loans: Unlike traditional bank loans, these loans do not have interest rates, making them easier to repay.
- Flexible Repayment: Borrowers can repay in easy installments over a period of 3 to 5 years.
- Quick Processing: No need for NOCs, licenses, or complex approvals to apply.
- Additional Business Support: Eligible businesses may receive subsidized land or a free solar system (worth up to Rs. 5 million) in designated export zones.
- Digital Banking Convenience: The Asaan Karobar Card enables businesses to make cashless transactions, use POS machines, and make payments through mobile banking.
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Step-by-Step Guide to Register for the Asaan Karobar Program
If you meet the eligibility requirements, follow this step-by-step process to complete your registration for the Asaan Karobar Program online.
Choose the Right Scheme
- If you need a loan of up to Rs. 1 million, visit akc.punjab.gov.pk to apply for the Asaan Karobar Card.
- If you require a larger loan of Rs. 1 million to Rs. 30 million, visit akf.punjab.gov.pk to apply for the Asaan Karobar Finance Scheme.
Gather Required Documents
Before starting your application, make sure you have the following documents:
- Passport-size photograph or clear selfie.
- CNIC (front and back).
- Registered mobile number linked to your CNIC.
- Two references (non-relatives) with their CNIC and phone numbers.
- Proof of tax filing (FBR or PRA verification).
- Business details, including income, expenses, rent agreement, or ownership papers.
Fill Out the Online Registration Form
- Visit the respective website (akc.punjab.gov.pk or akf.punjab.gov.pk).
- Click on “Register Now”.
- Enter your name, CNIC, date of birth, and contact details.
- Create a strong password for your account.
- Upload all the required documents.
- Double-check your details before submitting the form.
Pay the Processing Fee
- Asaan Karobar Card: Rs. 500 processing fee.
- Asaan Karobar Finance:
- Tier 1 (Rs. 1M – 15M): Rs. 5,000
- Tier 2 (Rs. 15M – 30M): Rs. 10,000
These fees are non-refundable, so ensure your application is accurate before payment.
Submit and Track Your Application
- Click “Submit” to complete your registration.
- You will receive a registration number via SMS and email.
- Log in to the portal to track your application status.
- Wait for SMS updates from the Bank of Punjab regarding the approval process.
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How Long Does It Take to Get Approved?
- Processing Time: Application review usually takes 2 to 4 weeks.
- Approval: If your documents are verified successfully, you will receive your loan or Asaan Karobar Card soon after.
- Delays: Incorrect or missing information can slow down the process, so ensure your details are accurate.
Frequently Asked Question
How can I check my application status?
Log in to akc.punjab.gov.pk or akf.punjab.gov.pk and go to your dashboard to view your application progress.
What if I don’t have a business yet?
You can still apply if you have a solid business idea. The government supports new startups under this program.
What is the deadline for registration?
The last date to apply is March 31, 2025. Submit your application as soon as possible to avoid missing out.
Can I apply for both schemes?
Yes, you can apply for both the Asaan Karobar Card and Asaan Karobar Finance Scheme separately, provided you meet the criteria.
What should I do if I need help with registration?
For assistance, contact the helpline at 1786.
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Final Thoughts
The Asaan Karobar Program is a game-changer for entrepreneurs in Punjab. With interest-free loans, flexible repayment plans, and digital banking options, it is one of the best financial support initiatives for small businesses. If you qualify, take action now and apply online before March 31, 2025. This could be your opportunity to expand your business and contribute to Punjab’s growing economy.