Overview :
The Asaan Karobar Program offer interest free loans to empower Small and Medium Enterprises (SMEs) in Punjab. It aims to drive economic growth by supporting entrepreneurship, job creation and exports by focusing on priority sectors across the province. The loan Program Consists of two tiers
Loan Purposes :
- Enhancing Startup funding in the Province
- Giving opportunities for existing bossiness to expand its its operation and modernize it.
- Encouraging Climate friendly business .
Eligibility Criteria :
- Medium Enterprises with annual sales upto 150 to 800 million Rupees
- Small Enterprises with annual sales upto 150 million Rupees
- Residence of punjab and business located in Punjab
- Must own / have rented the place of existing business
- Active FBR tax filers with clean credit history
- Age must between 25-55 years
- Valid CNIC and NTN
Application process :
- Registered Mobile number associated with CNIC
- Active tax filer proof
- Names, CNIC copies, and mobile numbers of two references (who are not blood relatives)
- Fee ready for payment application
- Business income and expenses information
- Rent Agreement, Transfer Letter, or Registry related to business and residence addresses, as applicable (copies)
- Collateral/Security (e.g., Property Transfer Letter, Registry, Jamabandi, Aks Shajra, Property Certificate or Government Securities)
To submit an application, follow these steps:
- Create an account and Login to start the application.
- Ensure to have a mobile number registered in name.
- Allocate at least 15 minutes to complete the application for better results
- Upload all required documents
- Submit the application
The application fees are set at PKR 5,000 for Tier 1 and PKR 10,000 for Tier 2, both of which are non-refundable.
After submission, a registration number will be provided on the screen as well as via SMS. Applicants will receive SMS updates regarding their application status and can check it on the designated website.
Allocation of Funds for the Program :
- Total Fund Allocated PKR 84 billion
- Business Card Scheme: PKR 48 billion
- Interest-Free Loans: PKR 66 billion
Loan Details :
| Tier | Amount(PKR) | Collateral | Tenure | End User rate | Processing Fee |
| T1 | 1M-5M | Personal Security | 5 Years | 0% | 5000 RS |
| T2 | 6M-30M | Secured | 5 Years | 0% | 10000 Rs |
Grace Period:
- Grace period is up to 6 months for start-ups / new businesses and up to 3 months for existing businesses.
Equity Contribution:
- 0 % for T1 other than leased commercial vehicles
- 10% for females, transgender and differently-abled persons
- Other Loans: 20% in all other cases under T1 & T2
- Leased Vehicles: 25%
Repayment Terms:
- Equal monthly installments as per terms of the approval
- Late Charges: PKR 1 per 1000/day on overdue amounts
Additional Charges:
- NIL for setting-up new business
- 3% p.a for existing businesses
- Insurance, legal and registration charges apply as per actual costs.
Helpline :
- 1786