Asan Karobar Scheme
Asan Karobar Scheme, launched by the Punjab government, is a game-changer for entrepreneurs, small businesses, and startups in Punjab. With a budget allocation exceeding 84 billion, the scheme aims to empower businesses with interest-free loans, offering financial support that can help them grow, create jobs, and contribute to the province’s economic development. The Punjab government has launched the Business Card Scheme.
Whether you’re a new entrepreneur, a small business owner, or looking to scale your existing business, this scheme offers exciting opportunities to grow your business without the heavy burden of interest payments. Asan Karobar Scheme, including how to apply online, the eligibility criteria, the types of loans available, and the benefits for businesses in Punjab.
You Can Also Read: Prime Minister’s Laptop Scheme For Talented Students 2025
What is the Asan Karobar Scheme?
The Asan Karobar Scheme is an initiative by the Punjab government designed to support entrepreneurs, small businesses, and startups by providing interest-free loans. This is an effort to stimulate economic growth, foster job creation, and boost the region’s exports.
You Can Also Read: PSER Punjab BISP Payment Eligibility Check By Using Easy
Key highlights of the scheme include:
- Loan Range: Rs 1 million to Rs 30 million.
- Repayment Period: Loans can be repaid over 3 to 5 years in easy installments.
- No Interest: These loans are completely interest-free, ensuring that businesses do not face additional financial pressure.
- Online Application: The entire application process is simplified and can be done through an easy-to-use online portal.
The scheme is specifically aimed at supporting small and medium-sized businesses, encouraging new startups, and promoting entrepreneurship across Punjab.
Eligibility Criteria for the Asan Karobar Scheme
To ensure that the loans reach the right individuals, certain eligibility criteria must be met. Here’s who can apply for the Asan Karobar Scheme:
- Age: Applicants must be between 25 to 55 years of age. This age range allows both younger entrepreneurs looking to start a new venture and more experienced business owners to benefit from the scheme.
- Tax Filers: You must be an active tax filer. The Punjab government encourages tax compliance, and only tax filers will be eligible for the loans.
- Non-Defaulters: Applicants should not have defaulted on any previous loans or financial institutions. This ensures that the scheme targets responsible individuals and businesses.
- Inclusive Application: The scheme is open to men, women, transgender individuals, and persons with disabilities. This inclusion promotes equal opportunities and ensures that everyone in the community can benefit.
- Business Requirements: The scheme is designed to support startups and small businesses. Whether you’re starting a new venture or expanding an existing one, this scheme can help you secure the funds you need to grow.
You Can Also Read: Benazir Kafalat 13500 Payment Eligibility Criteria in January 2025
How to Apply for the Asan Karobar Scheme Online
The online application process for the Asan Karobar Scheme has been designed to be simple and user-friendly. Here’s a step-by-step guide on how to apply:
- Visit the Official Portal: The first step is to visit the official website of the Asan Karobar Scheme. The portal is easy to navigate and provides all the details about the application process.
- Create an Account: Before filling out your application, you’ll need to create an account on the website. You’ll be asked to provide basic details such as your name, email address, and contact information.
- Complete the Application Form: Once your account is created, you will need to fill out the application form. This form will ask for personal information, details about your business, the amount of loan you’re requesting, and your tax filer status.
- Submit Required Documents: You will need to submit the following documents as part of your application:
- CNIC (National Identity Card).
- Proof of tax filing (you can check your tax status online).
- Business details: This can include business registration documents, a brief business plan, or proof of business operations.
- Proof of income: To assess the viability of your business, you may be asked for financial documents.
- Submit and Wait for Approval: After filling out the form and uploading the necessary documents, you can submit your application. The Punjab government will then review your application and documents. If everything is in order, you will receive a confirmation message regarding your loan approval.
You Can Also Read: BISP 13500 January 2025 Payments Know Complete Details
Loan Amounts and Terms
One of the key advantages of the Asan Karobar Scheme is that it offers interest-free loans. Here’s how the loans work:
- Loan Amount: Loans range from Rs 1 million to Rs 30 million, depending on the nature and scale of the business.
- Repayment Terms:
- Small Businesses & Startups: Loans up to Rs 1 million are available for small businesses and startups. These loans can be repaid in easy installments over 3 years.
- Established Businesses: Larger businesses can apply for loans up to Rs 30 million. These loans can be repaid in easy installments over 5 years.
- Flexibility: The repayment plans are designed to be manageable, ensuring that businesses do not face financial strain while paying back the loan.
You Can Also Read: Benazir Taleemi Payments 4500 Start For Registered Children 2025
The Asan Karobar Card Scheme
In addition to the interest-free loans, the government has introduced the Asan Karobar Card Scheme to help businesses manage vendor payments and financial transactions more efficiently.
Here’s how the Asan Karobar Card works:
- Vendor Payments: The card can be used to pay for raw materials, goods, and services related to your business.
- Utility Bills and Government Fees: The card allows users to pay taxes, utility bills, and other government fees directly from the card.
- Cash Withdrawal: You can withdraw up to 25% of the loan amount as cash for other business needs.
This card simplifies financial management, ensuring that business owners can keep their operations running smoothly without the hassle of handling multiple payment systems.
Toll-Free Helpline for Assistance
To assist applicants with the application process, a special toll-free helpline number 1786 has been set up. If you face any issues with the online application, document submission, or if you have any questions, the helpline is available to guide you through the process.
You Can Also Read: Benazir Kafaalat Program SMS Payments 13500 In January 2025
Benefits of the Asan Karobar Scheme
- Interest-Free Loans: Businesses will be relieved from the financial burden of interest, making it easier to repay the loan.
- Boost for Startups: Startups can benefit from loans up to Rs 1 million, helping them set up and grow their businesses.
- Women and Disabled Entrepreneurs: The scheme is inclusive and encourages applications from women and persons with disabilities.
- Job Creation: By empowering entrepreneurs, the scheme contributes to job creation in the province.
- Economic Growth: Small businesses contribute significantly to the local economy, and this scheme helps stimulate that growth.
Conclusion
The Asan Karobar Scheme is a golden opportunity for entrepreneurs, small business owners, and startups in Punjab. With interest-free loans, flexible repayment terms, and the added benefit of the Asan Karobar Card, this initiative aims to promote economic growth and empower the people of Punjab. The online application process is straightforward, and the toll-free helpline ensures that you won’t face any issues along the way.
Whether you’re starting a new business, expanding an existing one, or looking to improve your cash flow, the Asan Karobar Scheme offers the support you need to succeed. Don’t miss out—apply online today and take the first step toward securing your financial future
You Can Also Read: Benazir Kafalat Program Disqualifications Reason For 13500 In 2025
FAQs
What is the maximum loan amount under the Asan Karobar Scheme?
The maximum loan amount is Rs 30 million.
Who can apply for the loan?
Individuals aged 25 to 55 years who are active tax filers and are not defaulters can apply.
How long do I have to repay the loan?
Loans can be repaid over 3 to 5 years, depending on the loan amount.
Can I apply for the loan if I am a woman or person with disabilities?
Yes, the scheme is inclusive and encourages applications from women and persons with disabilities.
How can I contact customer support?
You can contact customer support through the toll-free helpline 1786 or visit the official portal for more information.