How to Apply for Asaan karobar loan scheme : Get 1 million PKR Now

The Chief Minister of Punjab has launched the “Asaan karobar loan scheme” . Under this scheme, every man and woman of Punjab can easily obtain an interest-free loan of up to 1 million PKR.

You can avail this loan either for a startup business or for a small business you already own. You can get this loan for up to 3 years in easy installments, and there is no interest on it. Whether you already have a business or want to start a new business, you are eligible for Asaan karobar loan scheme .

Under Asaan karobar loan scheme, you can easily get a loan from 100,000 to 1,000,000 PKR on personal guarantee. You only need to have a valid National Identity Card and be a resident of Punjab. The application fee for this card is just Rs. 500.

Asaan karobar loan scheme Aim

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For Asaan karobar loan scheme, you must have a business. You can either start a new business or get this loan to expand your existing business. Its aim is to support the younger generation so that unemployment is minimized in Punjab.

Asaan karobar loan scheme Eligibility Criteria:

Must be a resident of Punjab
Age between 21 to 57 years
Must have a valid National Identity Card
The SIM card should be registered in your name
Must be an active taxpayer

Asaan karobar loan scheme Categories & Terms

There are two major phases in the Easy Business Scheme. In tier one, you will be given a loan of one million to five million, the interest rate will be zero percent, in addition, its repayment period will be five years and the processing fee is up to five thousand.

In the second Tier, you will be given a loan of six million to 30 million, with an interest rate of zero percent and a repayment period of five years.

Tier	Loan Amount	Interest Rate	Repayment Period	Processing Fee	Grace Period
Tier 1	PKR 1 million – 5 million	0%	Up to 5 years	PKR 5,000	Up to 6 months (startups) Up to 3 months (existing businesses)
Tier 2	PKR 6 million – 30 million	0%	Up to 5 years	PKR 10,000	Same as Tier 1

How to Apply for Asaan karobar loan scheme:

The website to apply is shown below:
Visit: akc.punjab.gov.pk

Once on the site, click on “Apply for Aasan Karobar Card”. Read the instructions displayed.
Then, create your account on the website. Click “Accept and Continue”.
A new page will open where you need to enter your personal details:

Full name (as per CNIC)
Father’s/Husband’s name
CNIC number
Date of Birth (Month/Day/Year)
CNIC Issue Date
CNIC Expiry Date

Select your mobile network, enter your registered mobile number, choose a password and confirm it. Then click on Register.

On the next page, you’ll provide:

Gender (Male/Female)
Complete residential address
Division (e.g. Rawalpindi Division)
District, Tehsil, and City
Type of residence (Owned, Rented, Family)
Number of family dependents
Highest educational qualification
Employment status (select from options like Unemployed, Working, etc.)
Relevant work experience (if any)

Again, provide your contact details, including your registered mobile number. Then click on “Save and Next”.

Business Details For Asaan karobar loan scheme:

Business type (Proprietorship, Partnership, Private Limited Company)
Nature of business (Service, Agriculture, SME, etc.)
Business start date
Business name
Contact person’s name
Business phone number and email address
Business address, division, district, city, tehsil
Ownership type (Owned, Rented, Family-owned)
NTN number (if available)
Business registration status (Yes/No)
Business description (e.g., Stationery Supplier)
Monthly sales, number of employees, salaries, rent, utility bills, and other expenses

Click “Save and Next” after filling out all details.

Loan Details:

Select desired loan amount (100,000 to 1,000,000 PKR)
Financing purpose and type will already be selected
Collateral type will also be pre-selected
Click “Save and Next”

Upload Documents:

CNIC front and back side (must be scanned or photographed in advance, under 200 KB)
One to two years of bank statements

Then click “Submit”

Conclusion

The Asaan Karobar Loan Scheme is a transformative initiative by the Punjab authorities designed to empower entrepreneurs and reduce unemployment. By supplying interest-loose loans of up to PKR 1 million with flexible compensation phrases and minimal documentation, the scheme guarantees that every body with a solid enterprise idea or an existing small enterprise can access monetary assist without difficulty.

Its simplicity and inclusiveness make it a perfect possibility for young individuals, women, and aspiring business owners throughout the province.

Frequently Asked Questions (FAQs):

1. Who is eligible to apply for the Asaan Karobar Loan Scheme?

You should be a resident of Punjab, aged between 21 and fifty seven, have a valid CNIC, a SIM card registered in your call, and be an energetic taxpayer.

2. What is the maximum loan amount I can practice for under this scheme?

You can apply for a loan starting from PKR 100,000 to PKR one million beneath the basic tier. Higher amounts are available in Tier 1 and Tier 2 classes.

3. Is any collateral required for the loan?

No, you handiest want a non-public guarantee, and no physical collateral is required to apply for the Asaan Karobar Loan.