How to Get a PKR 30 Million Loan Under the CM Punjab Asaan Karobar Loan Scheme
The CM Punjab Asaan Karobar Loan Scheme is a groundbreaking initiative aimed at supporting entrepreneurs and small to medium enterprises (SMEs) across Punjab. With loans of up to PKR 30 million offered on an interest-free basis, this scheme is designed to empower businesses and contribute to economic growth. Here’s a step-by-step guide to help you apply for this incredible opportunity.
Step 1: Understand the Loan Features
Before applying, it’s essential to know the key features of the Asaan Karobar Loan Scheme:
- Loan Amount:
- Loans are available from PKR 1 million to PKR 30 million.
- Interest-Free:
- These loans are completely interest-free, making them accessible for a wide range of entrepreneurs.
- Tenure:
- Flexible repayment schedules are offered to ensure ease of repayment.
- Eligibility:
- Both existing businesses and startups can apply.
- Priority is given to youth entrepreneurs, women, and businesses focused on innovative or sustainable solutions.
Step 2: Gather Required Documents
To apply, ensure you have the following documents prepared:
- A copy of your Computerized National Identity Card (CNIC).
- Proof of business ownership (for existing businesses).
- Business plan or feasibility report (for startups).
- Bank account details for loan disbursement.
- Proof of tax filing or income-related documents.
Step 3: Submit Your Application Online
Applications for the loan can be submitted through the official portals:
- Visit akf.punjab.gov.pk or akc.punjab.gov.pk.
- Create an account and complete the registration process.
- Fill in the application form with accurate details.
- Upload the required documents in the specified format.
- Pay the processing fee:
- PKR 5,000 for loans up to PKR 5 million.
- PKR 10,000 for loans above PKR 5 million and up to PKR 30 million.
- Submit the application and save your tracking ID for future reference.
Step 4: Verification and Approval
Once the application is submitted:
- The Punjab Small Industries Corporation (PSIC) will review your application.
- You may be contacted for additional details or to attend a verification meeting.
- Approved applicants will receive loan agreements for signing.
Step 5: Loan Disbursement
After final approval:
- The loan amount will be disbursed directly to your provided bank account.
- You can begin using the funds for business purposes as outlined in your application.
Also Read: CM Punjab Laptop Scheme 2025: How To Register For Free Leptop
Additional Benefits
- Simplified Process:
- No requirement for prior approvals such as NOCs, licenses, or approved maps.
- Support for Startups:
- Startups can benefit from subsidized land, technical training, and access to export processing zones.
- Solar Systems:
- Free solar systems worth up to PKR 5 million for businesses operating in export zones.
Application Deadline
The scheme is open for applications until March 31, 2025. Entrepreneurs are encouraged to apply as early as possible to maximize their chances of approval.
Contact Information
For inquiries and assistance:
- Helpline: Dial 1786.
- Visit the official websites: akf.punjab.gov.pk and akc.punjab.gov.pk.
By availing this loan, entrepreneurs in Punjab can transform their business ideas into reality, contribute to the province’s economic development, and pave the way for sustainable growth.
