The CM Punjab Asaan Karobar Card provides interest-free loans of up to PKR 1 million through a digital SME card, helping small entrepreneurs in Punjab grow and sustain their businesses. The initiative ensures transparent fund utilization through mobile apps and POS transactions.
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Key Features
💰 Maximum Limit: PKR 1 million
⏳ Tenure of Loan: 3 years
🔄 Loan Type: Revolving credit facility for 12 months
📆 Repayment Term: 24 equal monthly installments after the first year
⏳ Grace Period: 3 months from card issuance for repayment commencement
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Eligibility Criteria
🎂 Age Requirement: 21 to 57 years
🇵🇰 Nationality: Pakistani National, resident in Punjab
📄 Documents: Valid CNIC & registered mobile number
🏢 Business Type: Existing or prospective business in Punjab
💳 Credit History: Clean credit history, no overdue loans
Loan Usage & Repayment Details
| 🔹 Category | 📌 Details |
|---|---|
| 🏦 First 50% Limit | Available within the first 6 months |
| ⏳ Grace Period | 3 months from card issuance |
| 🔄 Second 50% Limit | Released upon satisfactory usage & PRA/FBR registration |
| 💰 Repayment | Starts after 3 months in 24 equal monthly installments |
How to Apply?
🌐 Apply Online: Submit applications digitally via PITB portal
💵 Processing Fee: PKR 500 (Non-refundable)
🔍 Verification: Digital verification of CNIC, creditworthiness, and business premises
Apply Now: akc.punjab.gov.pk/cmpunjabfinance
Security & Charges
💳 Annual Card Fee: PKR 25,000 + FED
🏥 Life Assurance & Charges: Covered by the scheme
📍 Business Verification: Urban Unit verification within 6 months of approval & annually thereafter
📞 Helpline: 1786
🔗 For more details: akc.punjab.gov.pk/cmpunjabfinance
Conclusion
The CM Punjab Asaan Karobar Card is a game-changer for small entrepreneurs in Punjab, providing interest-free loans of up to PKR 1 million. With digital transactions, flexible repayment options, and structured loan usage, this initiative ensures business growth and financial stability. Entrepreneurs can use the funds for vendor payments, utility bills, and business expansion, making it easier to sustain and grow their ventures. If you meet the eligibility criteria, apply today and take the next step towards a successful business.
Who can apply for the CM Punjab Asaan Karobar Card?
Any small entrepreneur (SE) aged 21 to 57 years who is a resident of Punjab with a valid CNIC and a business (existing or prospective) in Punjab.
How much loan can I get, and is it interest-free?
The maximum loan amount is PKR 1 million, and it is completely interest-free (0% markup).
What is the repayment structure?
First 3 months: Grace period (no repayment).
Next 24 months: Equal monthly installments start after the grace period.
