The CM Punjab’s Asaan Karobar Finance Scheme offers interest-free loans ranging from 1 Million to 30 Million PKR to help entrepreneurs establish and modernize their businesses. This initiative is designed to boost the local economy and provide financial support to businesses that need it. The scheme offers loans in easy installments, making it more accessible to entrepreneurs. in this article , we are guide on how to apply for the Asaan Karobar Finance Scheme, including the necessary documents, the application process, and other important details.
| Feature | Details |
| Loan Amount | From 1 Million to 30 Million PKR |
| Eligibility Criteria | Punjab residents, business owners, and active tax filers |
| Application Fee | PKR 5,000 for Tier-1, PKR 10,000 for Tier-2 (Non-refundable) |
| Required Documents | CNIC, business documents, tax returns, feasibility report, etc. |
Table of Content
Documents Required for Application
Before applying for the Asaan Karobar Finance Scheme, you must prepare certain documents and information. These documents will be needed throughout the application process. The key documents required include:
- Passport Size Picture or a selfie.
- CNIC (National Identity Card): Both the front and back sides.
- References: Names, CNICs, and mobile numbers of two people who are not blood relatives.
- Tax Information: Proof that you are an active tax filer.
- Business Details: Information about your business income, expenses, and business type.
- Property Documents: If applicable, provide a copy of the rent agreement, property transfer letter, or registry for business premises.
- Security Documents: If applying for Tier-2 loans, you will need to provide details of the property or government securities you are offering as security.
Make sure all these documents are ready before you begin the application.
Step-by-Step Guide to Apply
Step 1: Profile Information
Start by creating an account on the official website of the Asaan Karobar Finance Scheme. You will need to provide personal details, including:
- Name, CNIC number, email address, date of birth, and residential address.
- Mobile number registered in your name.
- Permanent address and details about your business and NTN (National Tax Number).
- If applicable, information about any disability.
Once you’ve filled in your details, click on the “Register” button to proceed.
Step 2: Login
After registering, log into your account using your CNIC and password. Make sure you use the same CNIC number and password that you registered earlier.
Step 3: Loan Details
Next, enter details about the loan you are applying for:
- Tier Selection: Choose between Tier-1 or Tier-2 loans. In Tier-1, loan amounts range from 1,000,000 to 5,000,000 PKR. In Tier-2, loan amounts range from 6,000,000 to 30,000,000 PKR.
- Required Loan Amount: Specify how much money you need.
- Equity Contribution: If applicable, provide details about the equity you are contributing for leased assets or Tier-2 loans.
- Credit History: Include details about your business credit history.
Once all this is filled out, click on “Save” and proceed to the next step.
Step 4: Business Details
In this section, you will be required to provide your business details, such as:
- Business Name.
- Contact Information: Business address, email, and phone number.
- Number of Employees and other related business information.
Click “Save” and move on to the next section.
Step 5: Financial Details
You must provide information related to the financial status of your business. This includes:
- Purpose of Business: Describe the main goals of your business.
- Nature and Status: Details about how your business operates.
- You may also need to submit financial statements or other supporting documents.
Once this section is filled out, click “Save” and proceed.
Step 6: References
Provide the contact details of two references who are not blood relatives. This includes:
- Name, CNIC number, phone number, and their relationship to you.
Click “Save” and move forward.
Step 7: Upload Documents
This is the final step in the application process. Upload the required documents, including:
- CNIC (front and back).
- Passport-size pictures.
- Tax returns, bank statements, and business feasibility reports.
- Any other documents mentioned on the website.
Once everything is uploaded, click “Submit” to complete the application process.
Important Application Fees
The application fee varies depending on the loan tier:
- Tier 1 (Loan amount 1,000,000 to 5,000,000 PKR): Application fee is PKR 5,000 (Non-refundable).
- Tier 2 (Loan amount 6,000,000 to 30,000,000 PKR): Application fee is PKR 10,000 (Non-refundable).
Make sure to deposit the application fee before submitting your application to ensure it is processed.
Also Read: BISP 8171 Payment Update April 2025 – What You Need to Know
Conclusion
In this article, we have shared the complete process for applying for the CM Punjab Asaan Karobar Finance Scheme. This scheme aims to support business owners and entrepreneurs in Punjab by offering them interest-free loans to expand or modernize their businesses. By following the step-by-step process mentioned above, you can apply for the loan easily and take your business to the next level. Be sure to have all the required documents ready, pay the application fee, and submit the details before the last date to ensure you don’t miss out on this valuable opportunity.
FAQs
What is the Asaan Karobar Finance Scheme?
The Asaan Karobar Finance Scheme is a government initiative that provides interest-free loans to entrepreneurs in Punjab, helping them establish or grow their businesses.
How much can I borrow under the scheme?
You can borrow between 1,000,000 PKR to 30,000,000 PKR, depending on which tier of the loan you apply for
What documents do I need to apply?
You will need documents such as your CNIC, business information, tax returns, property documents, and references from two people who are not blood relatives.
How can I track the status of my application?
You will receive an application registration number upon submitting your application. You can use this to check the status online or via SMS updates.