Asan Karobar Finance Scheme
Asan Karobar Finance Scheme The Punjab government has taken a significant step towards supporting small and medium-sized businesses with the approval of the Asan Karobar Finance Scheme. This initiative, championed by Punjab Chief Minister Maryam Nawaz Sharif, is set to provide much-needed financial assistance to entrepreneurs across various sectors, including agriculture. With a focus on job creation, enhancing exports, and driving sustainable economic growth, the scheme is poised to be a game-changer for the province.
CM Punjab Maryam Nawaz has launched the Easy Business Finance Scheme. Asan Karobar Finance Scheme is a scheme where people will be given loan money so that they can do business. And this loan money will be recovered in installments. Its full details have been told to you here. It will start in two stages. The eligibility criteria have also been told to you and you can complete your registration process based on this information.
You Can Also Read: BISP 8171 Online Check Balance Through Web Portal
The objective of the Asan Karobar Finance Scheme
The primary goal of the Asan Karobar Finance Scheme is to empower entrepreneurs in Punjab by offering them the necessary resources to establish new businesses, expand existing ones, and modernize their operations. This multi-billion-rupee initiative aims to boost job creation, increase exports, and contribute to the province’s economic growth.
The scheme is especially beneficial for agricultural SMEs, helping them improve productivity and adopt modern farming techniques. By providing interest-free loans, the scheme reduces financial burdens on businesses, allowing them to thrive without the strain of high interest rates.
You Can Also Read: 8171 Web Portal Update For 13500 Payment Status In 2025
Loan Structure and Eligibility Criteria
The Asan Karobar Finance Scheme offers loans under two distinct tiers, ensuring that businesses of various sizes can benefit from this initiative:
- Tier-1 Loan: Up to Rs 5 million – This is an unsecured loan, meaning it requires no collateral or property to back it up. The loan is granted based on a personal guarantee.
- Tier-2 Loan: From Rs 5 million to Rs 30 million – This loan is secured, requiring collateral to back the loan amount.
Eligibility Criteria:
To qualify for the loan, applicants must meet the following requirements:
- Be aged between 25 to 55 years.
- Have a clean credit history no previous defaults or financial issues
- Own or rent a business premise.
Repayment Terms:
- The loan repayment period can extend up to 5 years.
- New businesses Greenfield are granted a 6-month grace period before the repayment begins, while existing businesses Brownfield receive a 3-month grace period.
You Can Also Read: Benazir Kafalat Program Payment Increase
Introduction of the Assan Karobar Card
One of the most innovative features of the Asan Karobar Finance Scheme is the introduction of the Assan Karobar Card. This digital card aims to simplify the loan process and make it more accessible to small entrepreneurs.
Through this card, businesses can receive interest-free loans of up to Rs 1 million. The funds provided through the Assan Karobar Card must be used strictly for business purposes, ensuring transparency in the usage of funds.
The card can be used for transactions through digital platforms, such as mobile apps and point-of-sale systems, providing a hassle-free experience for entrepreneurs. The loan offered through this card comes with a three-year tenure and a three-month grace period.
Additional Incentives for Entrepreneurs
You Can Also Read: Ramzan Rashan Program 2025 Pre-Registration Through PSER Survey
To make the Asan Karobar Finance Scheme even more attractive, the government is offering several additional benefits to entrepreneurs:
- Capital Subsidy Entrepreneurs who adopt solar equipment or invest in cleaner production technologies can receive a capital subsidy of 5 million.
- Non financial Advisory Services The scheme also provides non-financial support to help businesses with strategic decision-making, making it easier for them to grow and succeed.
- Development of Small Industrial Estates: Areas like Sialkot, Gujrat, and Quaidabad will see the development of small industrial estates, which will allow businesses to set up and expand in affordable locations.
- Tannery Zone in Sialkot A dedicated tannery zone will be established in Sialkot to address environmental concerns like water pollution and improve the quality of leather exports.
The government is also offering affordable plots with long-term leases of up to 30 years, making it easier for entrepreneurs to build and grow their businesses.
Future Plans for the Asan Karobar Finance Scheme
The Punjab government has big plans for the future of the Asan Karobar Finance Scheme. Phase II of the initiative is expected to launch in the 2025-26 fiscal year, with an expanded budget of 100 billion. The second phase of the scheme aims to support 24000 SMEs across the province, with a target of disbursing Rs 379 billion in loans. By scaling up the program, the government hopes to create a robust ecosystem that will help businesses thrive and drive economic development in the region.
You Can Also Read: Benazir Kafalat Program Payment 13500 Verification Process Start 2025
Conclusion
The Asan Karobar Finance Scheme is a landmark initiative by the Punjab government that provides much-needed financial support to small and medium enterprises. By offering interest-free loans, capital subsidies, and non-financial services, the scheme empowers entrepreneurs to establish, expand, and modernize their businesses. Additionally, the introduction of the Assan Karobar Card and the development of industrial estates provide practical solutions to challenges faced by businesses.
This program is a step toward fostering long-term economic growth and stability in Punjab, creating jobs, and boosting exports. Entrepreneurs in the region now have a valuable opportunity to access financial support and turn their business ideas into successful ventures.
FAQs
How can businesses apply for the Asan Karobar Finance Scheme?
Businesses can apply for the scheme through designated government offices or online portals by submitting the required documents and meeting the eligibility criteria.
What is the Assan Karobar Card?
The Assan Karobar Card is a digital card that provides interest-free loans of up to Rs 1 million to small entrepreneurs for business-related expenses.
Are agricultural businesses eligible for this scheme?
Yes, agricultural SMEs are eligible to receive financial assistance for improving productivity and adopting modern practices.
What additional benefits are available under the scheme?
The scheme offers capital subsidies for solar equipment, advisory services, and access to industrial estates with affordable plots.
How long is the repayment period for loans?
The repayment period for loans is up to 5 years, with a grace period of 6 months for new businesses and 3 months for existing businesses.
When will Phase II of the scheme be launched?
Phase II of the scheme will be launched in the 2025-26 fiscal year, with an expanded budget and more loans to support additional SMEs.