CM Punjab Asaan Karobar Finance Scheme
Chief Minister Maryam Nawaz Sharif has launched the “CM Punjab Asaan Karobar Finance Scheme”, through which aspiring entrepreneurs from across Punjab can benefit from this scheme. This loan is interest-free, meaning it can be obtained without any interest, allowing a new business to be started or an existing business to be expanded further.
Suppose you are also interested in the Punjab government’s Asaan Karobar Finance Scheme, which provides interest-free loans of up to Rs 30 million to people doing business in Punjab. In that case, you will have to apply for the Asaan Karobar Finance Scheme. In the article, you are being informed by the government on how you can use the Asaan Karobar Finance Scheme, what the repayment and grace periods of the loan are, and what the eligibility criteria for the Asaan Karobar Finance Scheme are, so read the article from beginning to end.
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Key Features of the Asaan Karobar Finance Scheme
- Interest-Free Loans: No mark-up or interest on the loan amount.
- Two Tiers of Loans: Based on the size of the business and the loan amount.
- Easy Instalments: Loan repayment in simple monthly instalments over 5 years.
- Grace Periods: No repayment is required for a few months after receiving the loan.
Eligibility Criteria of Asaan Karobar Finance Scheme
To apply for the Asaan Karobar Finance Scheme, applicants must meet the following conditions:
- Age: Between 22 to 55 years
- Resident of Punjab
- Business located in Punjab
- FBR Tax Filer
- Annual Sales:
- Tier 1: Up to PKR 150 million
- Tier 2: PKR 150 million to 800 million
- Must have:
- Valid CNIC
- NTN Number
- Business premises (owned or rented)
Step-by-Step Application Process
Applying for the CM Punjab Asaan Karobar Finance Scheme is simple. Here is how to do it:
1. Visit The Asaan Karobar Portal
Visit the Asaan Karobar Finance website “akf punjab gov pk”.
2. Account Creation
- CNIC number
- Father/Husband’s name
- Date of birth
- Email, address, city, tehsil, etc.
- Password
3. Account Login
- Log in to your account using your 13-digit CNIC number and Password.
4. Personal Information
- Business name and nature
- Registration details
- Annual sales
- Number of employees
- Business NTN
5. Business Details
- Type of business (sole, partnership)
- Experience
- Assets (e.g., vehicles)
6. References:
- Names and CNICs of two referees
- Relationship and contact numbers
7. Upload Required Documents:
- Applicant’s photo
- CNIC front and back
- 1–2 years of bank statements (If any)
- Tax return
- Other business-related documents
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8. Submit the Form
After submission, your application will be reviewed by the authorities for verification.
Note: The government has not yet announced the re-registration of Asaan Karobar Finance Scheme. The Punjab government will re-register those businesses who have not completed their registration earlier. They have to submit the required information and documents. Stay connected with our website for further guidance.
Loan Amounts and Tier Structure
The scheme offers two types of loan categories:
Tier 1:
- Loan Amount: From PKR 1M to PKR 5M
- Processing Fee: PKR 5,000
- Equity Contribution: 0% (no initial investment required from applicant)
- Annual Sales Limit: Up to PKR 150 million
Tier 2:
- Loan Amount: From PKR 6M to PKR 30M
- Processing Fee: PKR 10,000
- Equity Contribution: 30%
- Annual Sales Range: PKR 150 million to PKR 800 million
Both tiers are interest-free and offer a grace period after loan disbursement.
Grace Period for Repayment
To support businesses in their initial stage or during expansion, the scheme provides a grace period where no repayments are required:
- New Businesses: 6 months
- Existing Businesses: 3 months
This allows entrepreneurs to use the loan amount effectively before paying it back.
Special Benefits for Climate-Friendly Businesses
Environmentally friendly businesses will receive additional support:
- In Tier 2, climate-friendly companies will not be charged any handling fee.
- Such businesses also benefit from relaxed equity contribution terms.
Required Equity & Leasing Options
- Tier 1: No equity required
- Tier 2: 30% equity contribution
- Vehicle Leasing: 25% OIT (Own Investment/Equity) required
Verification and Loan Approval
Your information will be verified using:
- NADRA and FBR (for CNIC and tax records)
- Bank Statement & Credit History
- Business site verification (to confirm real operation)
If all verifications are successful, you will receive loan approval without interest, which must be repaid in 5 years.
Penalty for Late Payments
If an applicant fails to repay instalments on time, a penalty of Rs. 1 per Rs. 1,000 per day will be charged.
Helpline Number
If you face any problems or confusion during the application process, you can call 1786. You can also visit the official portal for more information, “akf punjab gov pk”.
Frequently Asked Questions (FAQs)
What is the CM Punjab Asaan Karobar Finance Scheme?
It is an interest-free loan scheme launched by CM Maryam Nawaz Sharif to support new and existing businesses in Punjab.
Who can apply for the Asaan Karobar Finance Scheme loan?
Any Punjab resident aged between 22 and 55 years with a business in Punjab and who is a tax filer can apply.
Is the loan interest-free provided under the Asaan Karobar Finance Scheme?
Yes, the loan is completely interest-free. No markup will be charged.
How long is the Asaan Karobar Finance Scheme repayment period?
The loan can be repaid in easy instalments over 5 years.
Are climate-friendly businesses given any extra benefit?
Yes, in Tier 2, climate-friendly businesses do not have to pay a handling fee.
What happens if I miss an instalment of the Asaan Karobar Finance Scheme?
A fine of Rs. 1 per Rs. 1,000 per day will be charged on overdue amounts.
Where can I get help if I face any issues with the Asaan Karobar Finance Scheme?
You can call the official helpline 1786.
Final Thoughts
The CM Punjab Asaan Karobar Finance Scheme 2025 is a landmark initiative to promote entrepreneurship in Punjab. Whether you are starting a new business or growing your existing one, this interest-free loan can be the push you need to succeed. Take advantage of this government-backed financial support today and secure your business’s future.