CM Punjab Asaan Karobar Card
The CM Punjab Asaan Karobar Card is a revolutionary initiative by the Government of Punjab to support small entrepreneurs with interest-free loans up to PKR 1 million. Designed to boost small and medium-sized enterprises (SMEs), this scheme provides financial assistance to help businesses grow sustainably.
In this comprehensive guide, we’ll cover:
✔ Key features of the Asaan Karobar Card
✔ Eligibility criteria
✔ How to apply online
✔ Loan repayment terms
✔ Charges & fees
✔ How to check application status
What is the CM Punjab Asaan Karobar Card?
The Asaan Karobar Card is a digital SME card that offers:
- Interest-free loans (0% markup)
- Revolving credit facility for 12 months
- Flexible repayment over 3 years
- Digital transactions via POS, mobile app, and online payments
This scheme aims to empower small business owners in Punjab by providing easy access to funds without the burden of high-interest rates.
Key Features of Asaan Karobar Card
| Feature | Details |
|---|---|
| Loan Limit | Up to PKR 1,000,000 |
| Loan Tenure | 3 years (36 months) |
| Grace Period | 3 months (no repayments) |
| Repayment | 24 monthly installments after 1st year |
| Interest Rate | 0% (No markup) |
| Allowed Usage | Supplier payments, utility bills, taxes, cash withdrawals (25% limit) |
| Blocked Transactions | Personal expenses, entertainment, non-business use |
Eligibility Criteria
To qualify for the Asaan Karobar Card, applicants must:
✅ Be a Pakistani citizen residing in Punjab
✅ Age between 21 to 57 years
✅ Have a valid CNIC & registered mobile number
✅ Own an existing or new business in Punjab
✅ Pass credit & psychometric assessment
✅ No existing overdue loans (clean credit history)
✅ Only one application per person/business
How to Apply for Asaan Karobar Card?
The application process is 100% digital through the Punjab Information Technology Board (PITB) portal.
Step-by-Step Application Process
- Visit Official Portal: Go to https://akc.punjab.gov.pk/cmpunjabfinance
- Fill Application Form: Enter personal & business details
- Pay Processing Fee: Non-refundable PKR 500
- Verification:
- CNIC verification
- Credit check
- Business premises inspection (by Urban Unit)
- Approval & Card Issuance: If eligible, receive the digital SME card
Loan Repayment & Usage Rules
- First 50% Limit: Available in the first 6 months
- Second 50% Limit: Released after regular repayments & FBR/PRA registration
- Grace Period: 3 months (no repayments)
- After Grace Period:
- Minimum 5% monthly repayment (principal only)
- Full repayment in 24 EMIs after the first year
Restrictions on Usage
❌ No personal spending (entertainment, shopping, etc.)
❌ No international transactions
✔ Only business-related expenses allowed
Charges & Fees
| Fee Type | Amount |
|---|---|
| Annual Card Fee | PKR 25,000 + FED (deducted from loan) |
| Processing Fee | PKR 500 (non-refundable) |
| Late Payment Fee | As per bank policy |
| Life Insurance | Covered by the scheme |
How to Check Asaan Karobar Card Application Status?
To track your application:
- Visit 8171 BISP Portal
- Enter CNIC & mobile number
- Get real-time updates on approval status
Why Choose Asaan Karobar Card?
✔ Zero interest (No markup)
✔ Flexible repayment (3-year tenure)
✔ Digital transactions (POS, mobile app)
✔ Supports business growth (working capital, expansion)
Helpline & Support
For queries, call: 1786
Official Website: https://akc.punjab.gov.pk/cmpunjabfinance
Final Thoughts
The CM Punjab Asaan Karobar Card is a game-changer for small business owners, offering interest-free financial support to help them thrive. If you meet the eligibility criteria, apply now and take your business to the next level!
