Punjab Assan Karobar Finance Scheme
Punjab Chief Minister Maryam Nawaz Sharif has decided to release the Multi Billions rupee initiative of CM Assan Karobar Finance scheme for business people. The aim of which is to promote business and economic development in Punjab and to make small and medium-sized business people in the country self-sufficient.
Punjab Chief Minister Maryam Nawaz Sharif has announced that interest-free loans will be provided to businessmen doing business in different sectors through the Assan Karobar Finance Scheme. With which they can expand their businesses. And they can buy machinery and modern equipment to modernize the business setups.
If you are also a business person and want to join the Assan Karobar Scheme. Then you will be provided with complete details of the Assan Karobar Scheme in this article. By reading which you can know how you can become a part of it and get interest-free loans.
You can also apply: CM Punjab Karobar Card Scheme Online Registration
Key Feature Of Asan Karobar Scheme
Punjab Chief Minister Maryam Nawaz Sharif has explained some important features of the Punjab Assan Karobar Scheme. By reading which you can easily register for the Assan Karobar Scheme and get interest-free loans.
- The main objective of this scheme is to promote economic development and empower small business people in business.
- The provision of interest-free loans is to eliminate unemployment and create new employment opportunities.
- The aim is to create exports by setting up new businesses and promote economic development in the region.
- The provision of interest-free loans will enable businessmen to incorporate modern and new machinery in their business and expand their operations.
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Loan Purpose
New Businesses: The new entrepreneurs need startup funding.
Existing Businesses: The existing businesses contain Expansion, modernization, or working capital
Leasing: You are doing the leasing of Commercial logistics
RECP Technologies: Climate-friendly businesses
Registration For AKF Scheme
If you want to register for the Punjab AKF Scheme, then an AKF portal has been introduced by Punjab through which you can register for the Assan Karobar Scheme from home. The complete registration procedure will be provided to you below.
Register & Login: First visit the http://akf.punjab.gov.pk/ official website click on the register button and then log into the portal after registration is complete.
Personal Information: Enter your personal information in the first personal info Form provided in the portal:
Loan Details: Enter your business established date and select your tier type. Then select the Loan amount, tenor period and security offered. If you took loan before from any bank then enter details.
Business Details: Enter your business name, Phone No, email, registration No, total person, registration authority and some business description.
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Financial Details: Enter your business details and revenue generated from selected business.
References: Provide details of two references other than blood relatives / Next of kin
Documents Requirments: Attached all necessary required documents.
Loan Tiers Structure For AKF Scheme
The Punjab government has divided the Asaan Karobar Loan Scheme into two basic tiers, under which loans will be provided to eligible individuals.
- Tier I: In Assan Karobar Scheme Tier I, a loan of up to Rs 50 lakh will be provided, but this loan will be unsecured because it requires personal guarantee, in which you should own as much value as you are getting the loan.
- Tier II: While in Tier II of Assan Karobar, a secured loan of about Rs 50 lakh to Rs 30 crore is provided, in which no guarantee is required, rather you have to show your business and on this basis you are provided with a loan.
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Eligibility Criteria
The Punjab government has set the eligibility criteria for the Chief Minister Asan Karobar Finance Scheme. If the applicant meets the eligibility criteria, he will be included in the loan scheme and the loan will be provided. The details of which are as follows.
- Small Enterprises with annual sales up to PKR 150M
- Medium Enterprises with annual sales > PKR 150M – PKR 800M
- The Punjab government has set the age limit for applying from 25 to 55 years.
- The credit history of the applicant should be completely transparent and he should not be involved in any bank fraud or loan defaulter case.
- To apply, it is necessary that the applicant is the owner of a business or is doing business in partnership with a person.
- Applicant must register in FBA and NTN Number.
Benefits CM Assan Karobar Finance Scheme
If you qualify for the Punjab AKF Scheme, you can get the following benefits, the details of which are being provided to you below.
- The applicant is provided with a loan at a zero percent interest rate.
- The applicant will have to repay the loan within a period of five years after getting the eligibility for the Assan Karobar Scheme.
- For brownfield entrepreneurs, the government will give a six-month grace period if the loan is not repaid within five years. While a three-month grace period will also be provided for brownfield entrepreneurs.
- On getting the eligibility for the Assan Karobar Scheme, the person will also be provided with cheap plots on long leases of up to 30 years. So that the entrepreneurs can use them to expand their business and minimize their expenses.
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Assan Karobar Scheme 2nd Phase / Future Intentions
The Punjab government has also started preparations for Phase 2 of the CM Assan Karobar Finance Scheme. The Punjab government has set aside about Rs 100 billion for 2025-26. If the Assan Karobar Scheme Phase 2 is launched, about 24,000 more people will be included in it and about Rs 379 billion more loans will be provided. Which will further increase the economic development of Punjab.
Stay connected to our website, you will be provided with complete details here. In addition, the Punjab government will also provide technical expertise and conducive infrastructure in addition to interest-free loans. So that the business landscape can be changed with the CM Easy Business Finance Scheme and the path to a more prosperous future can be paved.
Final Word
Punjab Chief Minister Maryam Nawaz Sharif has announced the Punjab Assan Karobar Finance Scheme for small and weak entrepreneurs. Under which interest-free loans will be provided for a period of five years so that these individuals can expand their businesses and create more trends towards new businesses.
If you also want to get a loan under the Asaan karobar Scheme, then you are connecting to our website. You will get complete details and information about registration from here.
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