CM Punjab Assan Karobar Card How to Apply Eligibility Criteria

The CM Punjab Assan Karobar Card is a transformative initiative by the Government of Punjab, Pakistan, designed to empower small and medium-sized businesses (SMEs), traders, and entrepreneurs. This program provides easy access to interest-free or low-interest loans, enabling business owners to expand their operations, purchase equipment, and manage working capital. If you’re a business owner or aspiring entrepreneur in Punjab, this blog will guide you through the application process, eligibility criteria.

What is the CM Punjab Assan Karobar Card?

The Assan Karobar Card is a financial support program launched under the vision of the Chief Minister of Punjab. It aims to provide financial assistance to small businesses, traders, and startups, helping them grow and contribute to the local economy. The program is part of the government’s efforts to reduce unemployment, promote entrepreneurship, and boost economic growth in the province.

Eligibility Criteria

To apply for the CM Punjab Assan Karobar Card, applicants must meet the following criteria:

• All Small Entrepreneurs (SEs) in Punjab
• Age: 21 to 57 years
• Pakistani National, resident in Punjab
• Valid CNIC and mobile number registered in the applicant’s name
• Existing or prospective business located in Punjab
• Satisfactory credit and psychometric assessment
• Only one application per individual and business
• Clean credit history with no overdue loans

How to Apply for the CM Punjab Assan Karobar Card

The application process for the Assan Karobar Card is simple and can be completed online https://akc.punjab.gov.pk/ Apply Now

Step 1:Required Documents

– CNIC (Computerized National Identity Card)
– Proof of business (e.g., business registration, tax certificate, or utility bills)
– Bank account details
– Recent photograph

Step 2: Online Application

1. Visit the official website of the Punjab government or the Assan Karobar https://akc.punjab.gov.pk/
2. Fill out the application form with your personal and business details.
3. Upload the required documents.
4. Submit the application and pay the bank fees.

Step 3: Verification Process

After submission, your application will be reviewed by the relevant authorities. You may be contacted for additional information or an interview.

Step 4: Approval and Disbursement

If your application is approved, you will receive the Assan Karobar Card, and the loan amount will be disbursed to your bank account.

• Loan Usage and Repayment

• First 50% Limit: Available for use within the first 6 months
• Grace Period: 3 months after card issuance
• After 3 months, borrower shall start paying monthly installments, with a minimum monthly payment of 5% of the outstanding loan balance (principal portion only)
• Second 50% Limit: Released upon satisfactory usage, regular repayments and registration with PRA/FBR
• Funds are restricted to business-related purposes. Non-essential transactions (e.g. personal consumption, entertainment) are blocked
• The remaining balance after the first year is repaid over 2 years in Equal Monthly Installments (EMIs

You can also watch:

Loan Type

Tier	Amount (PKR)	Security	Tenure (up to)	End-User-Rate	Processing Fee (PKR)
T1	1M-5M	Personal Guarantee	5 years	0%	5,000
T2	6M-30M	Secured	5 years	0%	10,000

 

you can also read:

CHIEF MINISTER PUNJAB APNI CHHAT APNA GHAR PROGRAM 

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FAQs  CM Punjab Assan Karobar Card

1. What is the loan amount offered under this program?

The loan amount varies depending on the nature and size of the business. Typically, loans range from *PKR 1M to PKR 30M.

2. Is the loan interest-free?

Yes, the loan is interest-free or offered at a very low interest rate to support small businesses.

3. Can women apply for the Assan Karobar Card?

Absolutely! The program encourages women entrepreneurs to apply and provides special incentives for female applicants.

4. How long does it take to process the application?

The processing time is usually 2-4 weeks, depending on the completeness of your application and verification process.

5. What can the loan be used for?

The loan can be used for business expansion, purchasing equipment, inventory, or managing day-to-day operations.

6. Is there a repayment plan?

Yes, the loan comes with a flexible repayment plan tailored to your business’s cash flow.

7. Can I apply if I don’t have a registered business?

Yes, small traders and shopkeepers without formal registration can also apply, provided they can provide proof of business activity (e.g., utility bills or rent agreements).

8. Where can I get help if I face issues during the application process?

You can visit the nearest Punjab Small Industries Corporation (PSIC) office or contact the helpline provided on the official website.

Conclusion

The CM Punjab Assan Karobar Card is a golden opportunity for small business owners and entrepreneurs in Punjab to access financial support and grow their businesses. By meeting the eligibility criteria and following the application process, you can take advantage of this initiative to achieve your business goals.

If you have any further questions or need assistance, feel free to reach out to the program’s support team or visit the official website. Don’t miss this chance to empower your business and contribute to Punjab’s economic growth!

Note:

For the latest updates and detailed information, always refer to the official Punjab government website or visit a PSIC office near you.