CM Punjab Asaan Karobar Scheme: Interest-Free Loans for SMEs & Startups

Launched by Chief Minister Maryam Nawaz Sharif, the CM Punjab Asaan Karobar Loan Scheme is a landmark initiative designed to support small and medium-sized enterprises (SMEs) and startups across the province. This program provides interest-free loans to entrepreneurs, with a special focus on women, youth, and rural business owners. Its primary goal is to boost economic growth, create new jobs, and ensure that promising business ideas can thrive without financial barriers.

What Does the Asaan Karobar Scheme Offer?

The scheme, also known as the Asaan Karobar Finance Scheme, provides flexible financing options through three main tiers:

• Tier 1: Unsecured Loans - Offers up to PKR 5 million with only a personal guarantee required.

• Tier 2: Secured Loans - Provides larger loans ranging from PKR 6 million to PKR 30 million, backed by collateral.

• Asaan Karobar Card - A specialized card for quick and easy access to loans up to PKR 1 million, without collateral.

Key Eligibility Criteria

To be eligible for the CM Punjab Asaan Karobar Scheme, applicants must meet the following requirements:

• Residence: Must be a resident of Punjab with a valid CNIC.

• Age: Must be between 25 and 55 years old.

• Business Status: Existing businesses must be properly registered and have an operational history.

• Credit History: Must have a clean credit history.

• Business Plan: Must submit a detailed and viable business plan or expansion proposal.

• Priority Groups: Preference is given to applicants from priority groups, including women, youth, differently-abled individuals, and rural entrepreneurs.

How to Apply for the Asaan Karobar Loan

The application process is straightforward and can be completed in a few steps:

1. Online Registration: Register on the official CM Punjab Asaan Karobar Scheme portal.

2. Select Loan Tier: Choose the appropriate loan tier (Tier 1, Tier 2, or Asaan Karobar Card) based on your financial needs.

3. Prepare Documents: Gather all required documents, including your CNIC, business plan, financial statements (for existing businesses), proof of collateral (for Tier 2), and passport-sized photographs.

4. Pay Processing Fee: Pay the non-refundable processing fee of PKR 5,000 for Tier 1 or PKR 10,000 for Tier 2.

5. Submit and Await Approval: Submit your application and wait for the loan to be approved. Once approved, the funds will be disbursed directly into your bank account.

Loan Structure at a Glance