Eligibility Requirements for Asaan Karobar Card to Get a 1 Million Loan

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The Asaan Karobar Card by the Punjab Government is changing the game for small and medium-sized businesses (SMEs) in the region. Offering interest-free loans up to PKR 1 million, this initiative is designed to help entrepreneurs scale their operations and contribute to economic development. Ready to unlock the potential of your business? Let’s dive into the details.

With this Asaan Karobar Card, you can get 10 lakh rupees. So apply fast to get these 10 lakh rupees from Maryam Nawaz.

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Key Features of the Asaan Karobar Card 💳

  • Loan Amount: Up to PKR 1 million

  • Loan Tenure: 3 years

  • Repayment Structure:

    • First 12 months: Revolving credit facility

    • Next 24 months: Equal monthly installments

  • Grace Period: 3 months from card issuance

  • Interest Rate: 0%completely interest-free!


Eligibility Criteria: Are You Qualified? ✅

To get your hands on this incredible opportunity, here’s what you need to qualify:

  • Age: Between 21 to 57 years

  • Citizenship: Pakistani national residing in Punjab

  • Identification: Valid CNIC & mobile number registered in your name

  • Business Location: Your business should be based in Punjab

  • Credit History: Clean credit record – No overdue loans

  • Tax Status: Must be an active tax filer with FBR

  • Application Limit: Only one application per individual/business

Note: Psychometric and credit assessments will be conducted to verify eligibility.

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How to Apply: Step-by-Step Guide 📋

Ready to apply? Here’s the streamlined process:

  1. Online Registration

    • Visit the official PITB portal and register using your CNIC-linked mobile number.

  2. Application Form

    • Fill out the application form (takes about 15 minutes) and make sure the details are correct.

  3. Processing Fee

    • Pay a non-refundable PKR 500 processing fee.

  4. Document Submission

    • Upload CNIC, proof of tax filing, business details, and property documents.

  5. Submit Application

    • Submit your form, and wait for an SMS update on your application status!

Pro Tip: Stay updated through the official portal for more info.


Loan Usage & Repayment 🏦

What can you use the loan for? Here’s the breakdown:

  • Vendor payments & supplier settlements

  • Utility bills, taxes, and government fees

  • Digital transactions via mobile apps and POS systems

  • Cash withdrawals (up to 25% of the loan limit) for business-related expenses

Note: Funds must be used for business purposes only, not personal expenses!

Repayment Details:

  • Grace Period: No repayments are required for the first 3 months after card issuance.

  • Post-Grace: Begin repayments with a minimum of 5% of the outstanding loan balance (principal).

  • Second Disbursement: The remaining 50% of the loan is released after satisfactory usage and tax registration.

  • Final Repayment: Pay the balance in equal monthly installments over the next 2 years.

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Additional Perks and Conditions 🎉

  • Capital Subsidy: Subsidies of up to PKR 5 million for adopting solar equipment or cleaner production tech.

  • Non-Financial Support: Access to business advisory services.

  • Card Fee: PKR 25,000 + FED (deducted from loan).

  • Security: Personal guarantee and life insurance required.

Important: All funds must be used for business purposes only; late payment charges apply.


Conclusion: Your Gateway to Business Growth 🚀

The Asaan Karobar Card is a game-changer for entrepreneurs in Punjab, offering an interest-free loan up to PKR 1 million to help grow your business. With straightforward eligibility criteria, a simple application process, and flexible repayment terms, this card is designed to empower small and medium-sized enterprises.

Ready to take your business to the next level? Apply for the Asaan Karobar Card today!

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احساس پروگرام، بے نظیر انکم سپورٹ پروگرام اور مریم نواز کے تمام پروگرامز کی بروقت اپ ڈیٹس کے لیے ہمیں وٹس ایپ چینل پر فالو کریں

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Mutee Ur Rehman

Mutee Ur Rehman

Mutee Ur Rehman is a social policy expert with experience in BISP 8171 and top welfare organizations. He founded BISP8171.com.pk to guide people on government aid programs with accurate and clear information.

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