The Punjab Asaan Karobar Card offers an interest-free loan of up to Rs. 10 lakh to support small businesses and entrepreneurs in Punjab. Here are the key features and eligibility criteria: Key Features: Loan Amount: Up to Rs. 10 lakh (interest-free) Repayment Term: 3 years with monthly installments Grace Period: 3 months before starting repayments Usage Options: Business-related activities, vendor payments, utility bills, government fees, and taxes Withdrawal Limit: 50% of the loan amount can be used in the first six months, with the remaining 50% granted based on repayment history ¹ ² Eligibility Criteria: Age Range: 21 to 57 years Residency: Pakistani national residing in Punjab Business Location: Existing or proposed business in Punjab Credit Assessment: Satisfactory credit history and psychometric evaluation Tax Registration: Mandatory registration with PRA or FBR within six months ¹ Application Process: Pay Processing Fee: Rs. 500 via mobile banking or designated bank branches Prepare Documents: Valid CNIC, business details, and FBR tax record Complete Registration: Visit the Punjab government website or registration centers, fill out the application form, and submit required documents Await Confirmation: Receive an SMS with application status Additional Information: The Asaan Karobar Card Scheme is part of the Punjab government's initiative to boost economic growth, support entrepreneurship, and reduce unemployment. The scheme provides a revolving credit facility for 12 months, with equal monthly installments over 2 years. An annual card fee of Rs. 25,000 + FED applies ³ ¹.
