The CM Punjab Asaan Karobar Card is a government initiative designed to support small entrepreneurs and businesses in Punjab by providing interest-free loans of up to Rs1 million.
The program aims to help business owners manage vendor payments, utility bills, taxes, and other business expenses through a transparent digital transaction system using mobile apps and POS terminals. The scheme is part of the Punjab government’s broader effort to promote entrepreneurship, digital payments, and financial inclusion.
Loan Amount and Repayment Plan
Under the Asaan Karobar Card scheme, eligible applicants can receive a loan of up to Rs1 million.
Key loan features include:
- Loan tenure: 3 years
- Revolving credit facility: First 12 months
- Grace period: 3 months
- Repayment: 24 equal monthly installments after the grace period
- Interest rate: 0% (completely interest-free)
Borrowers can use the loan for business-related payments, including suppliers, utilities, government fees, and taxes. Up to 25% of the amount can be withdrawn as cash for business purposes.
All transactions are conducted digitally to ensure transparency and proper utilization of funds.
Also Read: Govt launches PM Youth Loan Scheme for startups in Pakistan
Eligibility Criteria for Asaan Karobar Card
Applicants must meet the following requirements:
- Must be a Pakistani citizen
- Age between 21 and 57 years
- Possess a valid CNIC
- Have a registered mobile number
- Business must be located in Punjab
- Must have a clean credit history
- Must pass credit and psychometric assessments
- Only one application per individual or business is allowed
These conditions are designed to ensure that the loan benefits genuine small entrepreneurs.
Step-by-Step Guide to Apply for Asaan Karobar Card
Follow these steps to apply:
Step 1: Visit the Official Portal
Go to the PITB online portal dedicated to the Asaan Karobar Card scheme.
Step 2: Fill the Application Form
Enter your personal information, CNIC details, and business information.
Step 3: Pay Processing Fee
Submit the non-refundable processing fee of Rs500 during the application process.
Step 4: Verification Process
Authorized agencies digitally verify your CNIC, credit history, and business location.
Step 5: Loan Approval and Card Issuance
Once approved, the Asaan Karobar Card will be issued, allowing access to the loan amount.
Initially, 50% of the loan limit can be used within the first six months. The remaining amount is released after timely repayments and registration with PRA or FBR.
Charges and Card Fees
While the loan is interest-free, some administrative charges apply:
- Annual card fee: Rs25,000 plus FED
- Life assurance charges
- Card issuance fee
- Late payment penalties according to bank policy
Borrowers must also provide a digitally signed personal guarantee and life assurance coverage.
Additionally, Urban Unit teams conduct physical verification of business premises within six months and then annually.
Additional Support for Entrepreneurs
The government also provides extra support services for small businesses.
Entrepreneurs can access startup feasibility studies through the PSIC and Bank of Punjab websites. Applicants can also contact the 1786 helpline for assistance regarding the application process.
Why the Asaan Karobar Card is Important
The CM Punjab Asaan Karobar Card is expected to help thousands of entrepreneurs start or expand businesses without the burden of interest payments.
By encouraging digital transactions, responsible borrowing, and financial discipline, the program can play a key role in strengthening Punjab’s small business sector and boosting economic activity.
