Asan Karobar Finance Scheme
AKF Scheme Application Status: Punjab Minister Maryam Nawaz has launched the Asan Karobar Finance Scheme for the youth to fulfill their dreams. Under which loans will be provided to the youth of Punjab to start their own business or to the youth who are already running a business on easy installments under the Asan Karobar Finance Scheme.
Under which the Punjab government has introduced the AKF portal where registration is ongoing. The Punjab government is providing interest-free loans ranging from Rs 1 million to Rs 30 million under the Assan Karobar Finance scheme.
If you have completed your registration and want to check the status of your application, then the method is provided to you in the article below. So read the article completely and you will get all the details.
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AKF Scheme Application Status Check
If you want to check the application status in the AKF Scheme, then complete details and guidance are being provided to you below. After which you can easily know the AKF scheme application status from home. Here are the details of how to know the AKF scheme application status.
- First of all, go to the AKF portal.
- Then click on the login button using your ID card and password.
- After logging in, open your dashboard.
- Click on the Personal Information button and check the information of your application status in the box provided above.
- If you have paid your challan form, then you will be shown the paid status there, otherwise, you will be provided with a PSID number and unpaid status, which will mean that your application has not yet been completed for verification.
AKF Scheme Application Rejection Criteria
If you have completed your application for the Asan Karobar Scheme but received a rejection SMS, there may be reasons for this. The details of which are being provided to you below.
- You do not meet the eligibility criteria provided by the Government of Punjab.
- The applicant is a bank defaulter with the State Bank of Pakistan or other financial institutions.
- The business record provided by the applicant is not correct.
- The documents provided by the applicant such as tax pay slip, business registration certificate national identity card, etc. are incorrect or expired.
- One of the guarantors provided by the applicant is a defaulter with the State Bank of Pakistan.
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Required Documents For the AKF Scheme
You must provide a few documents to join the AKF Scheme. If you do not provide these documents, your registration will not be possible and you will not receive a loan. These documents are explained in detail in the table below.
| 1 | Passport Size Picture / Selfie |
| 2 | CNIC – Front Side * |
| 3 | CNIC – Back Side * |
| 4 | Partnership Deed, Form H and Partnership Resolution or Articles / Memorandum of Association |
| 5 | Copies of CNIC of Partners / Directors |
| 6 | Account Statements (1-2 Years) if applicable |
| 7 | Recent Tax Return |
Conclusion
The Punjab government has launched the Asan Karobar Finance Scheme for the youth of Punjab. Interest-free loans will be provided to the youth to start new businesses or expand their businesses for a better future. If you also want to get an interest-free loan from the Punjab government, then complete the registration of the AKF portal now and get a loan at a 0% per cent interest rate from home. This program is being launched by the government so that the economy of Punjab can be improved and maximum export opportunities can be created.
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