CM Punjab Karobar Card Scheme
Punjab Chief Minister Maryam Nawaz has launched the CM Punjab Karobar Card Scheme to promote small and medium-size businesses in Punjab. Under this, interest-free loans ranging from Rs 100,000 to Rs 10 lakh will be provided to the residents of Punjab who have started small businesses.
The Punjab government has also launched the Aasan Karobar Financing Scheme for medium-sized businesses. Under this loans of up to 30 lakh will be provided based on easy installments of five years. If you are a resident of Punjab and want to expand your business, then you must join the CM Punjab Maryam Nawaz Karobar Program.
This article has explained the complete procedure for registering and getting a loan in the Punjab Karobar Card Scheme. Read all the details carefully and follow them.
CM Maryam Nawaz Announce Karobar Card Scheme Registration Date
All those people who are residents of Punjab and are doing small or medium businesses in Punjab. So these people must join the Punjab government’s business loan scheme to grow their business.
Currently, the government has officially announced the registration Portal of the Karobar Card Scheme. However, this information from various sources is that the registration process for the CM Karobar Schemen is very easy and every person does it easily.
All those people who want to join this scheme should complete all their documents for the registration process. So that they can complete their registration on time. And the process of providing loans will also start about a month after the registration of all eligible people is completed.
Eligibility Criteria
The Punjab government has not yet issued an advertisement for the registration of Maryam Nawaz Karobar Scheme. That is why the exact eligibility criteria for registration in this scheme have not yet been set. However, the following are some basic conditions based on which registration can be done under the business loan scheme launched by the CM Punjab:
- The applicant must have a valid Pakistani identity card.
- The applicant must be a resident of the Punjab province of Pakistan.
- The applicant must not have defaulted in any financial institution of Pakistan, i.e. a bank.
- The applicant must be between 18 and 45 years of age.
- The applicant must not be a part of any loan scheme launched by the government.
- The applicant must have his own small or medium-sized business.
If you meet all the above conditions, then be ready immediately. As soon as the Punjab Government’s Karobar Card Scheme registration is started, complete your registration before the last date.
CM Aasan Karobar Financing Scheme Loan Amount
All those who meet the eligibility criteria for obtaining a loan under the CM Aasan Karobar Financing Scheme. All these people will be drawn. And the lucky ones selected will be provided with a loan according to the nature of their business.
For Small businesses, a loan of 100000 to 1000000 will be given.
While for Medium-sized businesses, a loan of up to 3 Million will be given.
The loan provided by the government will be interest-free. And they will be repaid in installments so that there is no financial pressure on the business people.
Step-by-Step Guide to Get Loan – Online Registration
Here you have been explained the complete procedure of online registration under CM Punjab Karobar Card Scheme step by step. By following this method, you can easily get a loan. After the registration is open, follow the procedure given below.
Step 1: Apply Online For Karobar Card Scheme
If you want to join the government loan scheme, you should stay updated about the registration date through the government’s official social media channels and the Punjab Government website. Complete your registration immediately as soon as the online registration portal is launched.
Step 2: Check Your Eligibility
To join the CM Business Card Scheme, you must first check your eligibility. If you meet the eligibility criteria, submit your application. If you do not meet the eligibility criteria, your application will be rejected.
Step 3: Required Documents
To join the CM loan scheme, you will need the following personal documents:
- National Identity Card,
- Proof of your residence such as utility bills, etc.
- And a document proving ownership of your business such as tax records or business registration certificate, etc.,
- Active FBR Tex pay filer and have NTN Number.
- Age between 22-55 years.
So, keep all these documents with you.
Step 4: Online Registration
As soon as the Punjab Aasan Karobar Card Scheme registration portal is provided by the government, immediately register yourself and your business online with your correct information. Remember not to make any mistakes while applying.
Step 5: Wait For Application Approval by Govt.
After you submit your application, the government will review your application. If your application is complete and you meet the eligibility criteria, you will be entered into a lucky draw.
Step 6: Loan Distribution
If your name is selected in the draw, you will be notified of your loan amount on the number you provided. The loan disbursement will begin within a few days as per the government’s terms and conditions.
Benefits of Karobar Card Scheme
CM Punjab Maryam Nawaz, while launching the loan scheme yesterday, mentioned some of the benefits of the Business Card Scheme, which are as follows:
- Interest-free loans will be provided through this scheme.
- Which can be repaid to the government based on easy installments.
- You can expand your business by investing the loan received from the government in your business.
- This will increase employment opportunities for many unemployed people.
- And it will also play an important role in improving the economic situation of Punjab.
Objectives of Karobar Card Scheme – Final Words
The launch of the loan scheme by Chief Minister Maryam Nawaz is a very important step. Through this, there will be a massive increase in small and medium-sized businesses. And there will also be a lot of growth in their production.
Due to this, employment opportunities will increase in Punjab. And many new entrepreneurs will also be encouraged to do business in Punjab. Stay connected with our website to get more information.