Asan Karobar Card Scheme Launched in Punjab to Support Small Entrepreneurs – Here’s How to Apply

The Government of Punjab has introduced the Asan Karobar Card Scheme, a major initiative aimed at supporting small entrepreneurs by providing interest-free loans of up to PKR 1 million. The scheme, designed to encourage sustainable business growth, utilizes a digital SME card to ensure transparent and structured fund utilization.

Key Features of the Scheme

• Loan Limit: Up to PKR 1 million
• Tenure: 3 years
• Loan Type: Revolving credit during the first year
• Repayment: 24 equal monthly installments after a 3-month grace period
• Interest Rate: 0%

Borrowers can make payments to suppliers, utility companies, and tax authorities, as well as conduct digital transactions through POS or mobile applications. Cash withdrawals of up to 25% of the loan limit are also permitted strictly for business purposes.

Eligibility Criteria

Applicants must be small entrepreneurs—either existing or aspiring—operating in Punjab. Additional requirements include:

• Age between 21 and 57 years
• Pakistani nationality with a valid CNIC and mobile number
• No overdue loans
• Passing a psychometric and digital verification process

Only one application is allowed per individual or business.

Application Process

Applications can be submitted digitally via the Punjab Information Technology Board (PITB) portal, with a non-refundable processing fee of PKR 500. Verification of CNIC, business, and credit history will be conducted by authorized agencies. Interested applicants can apply at: akc.punjab.gov.pk

Loan Disbursement and Repayment

• The first 50% of the approved credit is made available during the initial six months.
• The remaining 50% is released after fulfilling usage and tax registration requirements with PRA/FBR.
• A three-month grace period is provided before repayments begin.
• Repayments start with a minimum of 5% of the outstanding principal balance each month.
• Non-business transactions are prohibited.

Additional Details

• Annual card fee: PKR 25,000 plus FED, deducted from the approved limit.
• Security requirements include a digital personal guarantee and life assurance coverage.
• Feasibility studies are available on the Punjab Small Industries Corporation (PSIC) and Bank of Punjab (BOP) websites.
• For assistance, applicants may call the helpline at 1786.

The Asan Karobar Card Scheme is part of Punjab’s broader strategy to strengthen small businesses and promote economic growth through financial inclusion and digital infrastructure.

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