The Punjab Government has introduced the detailed monthly installment plan for the Asaan Karobaar Card Scheme 2025, aiming to empower small businesses with interest-free loans of up to PKR 1 million. This initiative is designed to promote entrepreneurship and economic growth across Punjab.
Key Features of the Asaan Karobaar Card Scheme
- Loan Limit: Up to PKR 1 million
- Loan Tenure: 3 years
- Loan Type: Revolving credit facility for 12 months
- Interest Rate: 0%
Key Details at a Glance
| Details | Information |
|---|---|
| Application Start Date | January 1, 2025 |
| First Installment Due | April 1, 2025 (3-month grace period) |
| Loan Limit Access | 50% in the first 6 months; remaining 50% upon compliance |
| Repayment Method | 5% monthly of utilized amount in Year 1; balance repaid in equal EMIs over 2 years |
| Last Application Date | December 31, 2025 |
| Eligibility Age | 21-57 years |
Eligibility Criteria for the Asaan Karobaar Card
To qualify for the scheme, applicants must meet the following conditions:
- Age: 21 to 57 years
- Residency: Pakistani nationals residing in Punjab
- Identification: Valid CNIC and registered mobile number
- Business Location: Existing or new business in Punjab
- Credit Evaluation: Positive psychometrics and credit assessment
- Loan History: No previous defaults or overdue loans
- Tax Registration: Must register with PRA or FBR within six months of card issuance
Also Read: How to Become a Filer for Asan Karobar Scheme (Complete Guide)
Loan Usage and Repayment Details
The Asaan Karobaar Card facilitates small businesses by allowing loans to cover:
Permissible Uses
- Payments to vendors and suppliers
- Utility bills, taxes, and government fees
- Up to 25% cash withdrawal for miscellaneous business expenses
Restricted Uses
- Personal expenses or entertainment
Repayment Schedule
- Initial Limit Access:
- 50% of the loan available in the first 6 months.
- Grace Period:
- 3-month repayment grace period after card issuance.
- Monthly Installments:
- Pay at least 5% of the outstanding principal during the first year.
- Additional Limit Access:
- Remaining 50% released after timely repayments and tax registration compliance.
- Full Repayment:
- Outstanding balance to be cleared in equal monthly installments over the next 2 years.
Application Process for the Asaan Karobaar Card
Applicants can follow these steps to apply for the scheme:
- Online Application
- Submit an application through the Punjab Information Technology Board (PITB) portal.
- Processing Fee
- Pay a non-refundable fee of PKR 500.
- Verification
- CNIC, credit status, and business premises will be verified digitally by authorized agencies.
Conclusion
The Asaan Karobaar Card Scheme 2025 is a transformative initiative by the Punjab Government, offering interest-free loans with a structured repayment plan to support small entrepreneurs. By promoting responsible borrowing and providing financial relief, the program aims to drive economic progress and foster entrepreneurship in the region. Entrepreneurs are encouraged to take advantage of this opportunity and contribute to Punjab’s economic growth.
