The Asaan Karobar Card is a new loan scheme launched by CM Punjab Maryam Nawaz. Under this program, small businesses and entrepreneurs in Punjab can get an interest-free loan of up to 1 million PKR. The loan will be provided through a digital SME card that works just like a credit card but is only for business purposes.
The main aim of this scheme is to support small entrepreneurs, help them grow their businesses and make their journey easier. With digital financing, the whole process will be transparent and quick.
What is Asaan Karobar Card?
The Asaan Karobar Card is a new initiative launched by CM Punjab Maryam Nawaz to support small and medium businesses. Under this scheme, business owners can get interest-free loans of up to 1 million PKR. The loans will be provided through digital SMEs, making the process simple, quick and transparent. It aims to empower entrepreneurs, boost small businesses and create new job opportunities in Punjab.
Latest Update on Registration
The registration process for the Asaan Karobar Scheme has been stopped. But don’t worry, this is temporary. The government will announce new dates soon.
For now, you can:
- Visit the official website for Asaan Karobar Card Login
- Check Asaan Karobar Card Application Status online
- Stay updated through PITB (Punjab Information Technology Board)
If you need an urgent loan, you can also apply in the PM Youth Loan Scheme for quick financial support.
Key Features of Asaan Karobar Scheme
Here are the main highlights of the scheme:
- Loan Amount: Up to 1 Million PKR
- Loan Tenure: 3 years
- Interest Rate: 0%
- Revolving Credit Facility: Valid for 12 months
- Repayment: 24 equal monthly installments
- Grace Period: 3 months before repayment starts
This means you can use the loan for business purposes without paying extra interest and you get enough time to repay it.
Usage of Asaan Karobar Card Loan
The loan amount from the Asaan Karobar Card can only be used for business needs, such as:
- Payments to vendors and suppliers
- Paying utility bills, taxes and government fees
- Digital transactions through POS machines or mobile apps
- Cash withdrawals (up to 25% of the loan limit) for urgent business use
Remember: This card is strictly for business activities not for personal spending.
Eligibility Criteria for Asaan Karobar Card
Not everyone can apply for this scheme. You must meet the following requirements:
- Age between 21 to 57 years
- Must be a resident of Punjab
- Must be a Pakistani national
- Have a valid CNIC and registered mobile number
- Be a small business owner or planning to start a business in Punjab
- Have a clean credit history (no overdue loans)
- Pass the credit and psychometric test
If you meet these conditions, you are eligible to apply.
How to Apply for Asaan Karobar Card Online
The application process is simple and completely online:
- Visit the PITB portal or click on the official Apply button.
- Read all instructions carefully and click Acknowledge & Proceed.
- Register with your personal details (CNIC, mobile, etc.).
- Login to the portal and enter your personal, business and loan details.
- Upload the required documents.
- Submit the application online.
Important Guidelines for Applicants
- Only online applications are accepted.
- A processing fee of PKR 500 will be charged (non-refundable).
- CNIC, business, and credit details will be digitally verified.
- Only one application per person or business is allowed.
Loan Usage & Repayment Details
- First 50% of the loan limit will be available in the first 6 months.
- You get a 3-month grace period before repayment starts.
- After that, you’ll pay in monthly installments (minimum 5% of balance).
- The remaining 50% loan limit will be released after regular repayments and FBR/PRA registration.
- The loan must only be used for business purposes.
This flexible repayment structure helps businesses manage their finances without pressure.
Charges & Fees of Asaan Karobar Card
This loan is interest-free, there are some small charges:
- Annual Card Fee: PKR 25,000 + FED
- Life assurance & card issuance charges (covered in the scheme)
- Late payment charges as per bank policy
Security & Verification Process
The government has included strong security checks:
- Borrower must give a personal guarantee (digitally signed).
- Life assurance is included.
- The Urban Unit will physically verify the business within 6 months and once every year.
Terms & Conditions
- The loan can only be used for business activities.
- You must register with PRA/FBR within 6 months.
- Only one application per individual or business is allowed.
Additional Support for Entrepreneurs
The government is not only giving loans but also providing guidance.
- Feasibility studies for startups available on BOP and PSIC websites.
- Guidance and training for new and existing businesses.
This means even beginners can get proper direction to grow their business.
Helpline & Support
For any questions or support:
- Call the official Helpline 1786
- Get online support from the PITB portal
You can also do an Asaan Karobar Card Status Check through the portal.
Conclusion
The Asaan Karobar Card is a major step by the Punjab Government to help small business owners and entrepreneurs. With up to 1 million PKR interest-free loan, this scheme will reduce the financial burden and allow businesses to grow.
The process is digital, transparent and business-focused. If you are a young entrepreneur or running a small business in Punjab, this card could be the support you need to take your venture to the next level.
Frequently Asked Questions
What are the requirements to apply for the Asaan Karobar Card?
You must be 21–57 years old, a resident of Punjab, a Pakistani national with a valid CNIC and running or planning a business.
What is the loan limit of the Asaan Karobar Card?
The maximum loan limit is 1 million PKR.
What is the grace period for repayment?
Borrowers get a 3-month grace period before they start paying installments.
Can the loan be used for personal expenses?
No. The loan is only for business-related expenses such as vendor payments, bills and taxes.
How can I check my Asaan Karobar Card status?
You can log in to the official portal and use the Check Asaan Karobar Card Application Status option.
