Asaan Karobaar Card
Asaan Karobaar Card: The Punjab government headed by Chief Minister Punjab Maryam Nawaz Sharif has now formally launched CM Punjab Asaan Karobar Card. This scheme is aimed to assist small-scale business owners or entrepreneurs. As part of launching this program, the Punjab government has released over Rs 48 billion for starters and small scale businesses under the program, that will provide an interest-free loan up to an amount of up to Rs1 million.
Asaan Karobaar Card The most special thing about this program is that the borrowers have been given the facility to repay this amount in easy installments of three years. Besides this, men, women, transgenders, and special people can also apply for this program because of which it is proving useful for each sector of the society.
So if you are associated with any startup or small business and want to expand your business further, then this program can prove to be extremely beneficial for you. You can benefit from it very easily. This article provides a step-by-step guide to guide you so that you can submit your application online for a loan under the Easy Business Card from home. If you are interested in getting complete information, then you are requested to read this article till the end. It has provided all the necessary information for your convenience, which is very important for understanding and completing the loan process easily.
Asaan Karobaar Card
Eligibility Criteria
Let us discuss the eligibility criteria in detail so that you know who is eligible to apply for a loan under this program. As mentioned earlier, men, women, transgenders, and special individuals can apply under this program, but they must also meet some important conditions, which are as follows:
- All Small Entrepreneurs (SEs) in Punjab
- The applicant must be a permanent resident of Punjab.
- The applicant’s age must be between 21 and 57 years.
- The applicant must have a Pakistani identity card, on which a permanent address in Punjab is mentioned.
- A SIM card must be registered in the name of the applicant.
- The applicant must be an active tax filer.
- These are the criteria on which the applicant can submit an online application from the comfort of his home using his mobile or computer. If you meet these criteria, then it will be very easy for you to benefit from this program.
How to Apply for
If you fulfill all the eligibility criteria and wish to apply for a loan under the Asaan Karobar Card, then follow the step-by-step procedure given below. With the help of this guide, you can submit your application online from home:
Open Official Website
- First of all, go to the official portal of AKC of the Punjab Government. Click on the given link https://akc.punjab.gov.pk/ and open the portal. Asaan Karobaar Card
Create an account
- Once the portal opens, then click the “Register Now” button.
- The registration form will open.
Fill in all details in the form
- Name
- Father’s Name
- National Identity Card Number
- Date of Birth
- Date of Issue of National Identity Card
- Expiry Date of National Identity Card
- Mobile Number
- A strong password
- After filling up all of the information, click on “Create Account.
Login to the account
- Once an account is created, you are automatically redirected to the login page.
- Enter your ID card number and password to log in.
Application form
- Once logged in, the loan registration form opens, which consists of four segments:
- Personal Details
- Business Details
- Loan Details
- Uploading Documents
Submit application
- Once all the details have been filled up and documents have been uploaded, click on “Submit”.
- After the submission of the application form, you are provided with the challan form which is used for a processing fee of Rs. 500 that is not refundable.
- Important Instructions
- Pay the challan immediately for processing your application
- Fill out all the required information and produce all the related documents so there will be no problem
- You can easily submit a loan through this step by step procedure.
Loan Use and Repayment Information
The Punjab Government has specified the terms and conditions under which the loan will be repaid and used under the Easy Business Card. The first 50% limit will be available for use within the first 6 months from the date of issuance of the card, and it can be used only for business purposes. Non-essential transactions such as personal use or entertainment will be strictly blocked. A grace period of 3 months has been provided after the issuance of the card, during which no installment payment will be required. After this period, the borrower will have to start paying monthly installments with a minimum of 5% of the outstanding loan, and this payment will consist of the principal amount only.
The second 50% limit will be allowed to be released when the borrower utilises the loan previously sanctioned satisfactorily and pays all monthly installments. In addition, it is also required that registration with PRA or FBR be completed. A balance of the remaining amount after the first year will have to be paid through Equated Monthly Installments (EMIs) for a period of 2 years. All these conditions ensure that the loan is used for business purposes and that the applicant has ease in repaying the loan. Asaan Karobaar Card
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Conclusion
Under Punjab Chief Minister Maryam Nawaz Sharif’s leadership, a very unique interest-free loan providing initiative was inaugurated. Named Asaan Karobar Card, this program, which was previously first of its kind, aimed at helping the small business houses and start-ups through providing easy loan ranging between Rs 100,000 and 1 million for the enhancement of businesses in Pakistan.
Asaan Karobaar Card
This is a program that will present great opportunities to solve the financial problems of small business owners. In this article, you’ll get a complete registration procedure so that you may apply from your home after which the article gives you all necessary information about its use and return. Therefore, if you are interested in availing of a loan under this program as well, then read this article in complete detail so that you may come to know the all the procedures in a nice manner. You may also pose your question about it in the comment section as well.