Recently, under the leadership of the Chief Minister, the Punjab government has taken steps to empower youth and entrepreneurs. First, they launched tourism and IT-related job initiatives like the Punjab Tourism Internship Program, providing opportunities to fresh graduates. Now, the Punjab government, together with the Punjab Information Technology Board (PITB), has started the Asaan Karobar Finance Program.
This program is for people who want to start or grow their small businesses. The best part? The qarza (loan) has no interest, which means you don’t pay extra money back. It’s designed to make it easy for you to achieve your business dreams.
We at Pakistan Era have also applied for this qarza and are waiting for updates. We hope this program will help many like us succeed.
Key Features of the Asaan Karobar Finance Program
This program is full of benefits for new and small business owners:
- Loan Amount (Qarza): You can get PKR 1 million to PKR 30 million, depending on your needs.
- No Interest (Markup): You only return the amount you borrow.
- Repayment Time: You can pay back the qarza in 5 years, and new businesses get 3 months extra before starting repayments.
- Online Process: Apply through the website without visiting any offices.
Asaan Karobar Last Date to Apply
Asaan Karobar Loan Scheme by Punjab Government has begun accepting applicants from 20th January 2025. The last date to apply in Asaan Karobar is Monday, 31st March 2025. Plan your business, complete your application, and apply now.
Who Can Apply?
You can apply if you meet these conditions:
- You are an active tax filer with a valid NTN.
- Your mobile number is registered with your CNIC.
- You provide details about your business income and expenses.
- For large qarzas (Tier 2), you must give property documents or government securities as security.
Documents You Need
Before applying, make sure you have:
- A passport-sized photo or selfie.
- Scanned copies of your CNIC (front and back).
- Rent agreement or property documents for your business location.
- Contact details and CNIC copies of two people as references (not family members).
Types of Qarza: Tier 1 and Tier 2
The program offers two types of qarza based on your business needs:
Tier 1
- Application Fee: PKR 5,000 (non-refundable).
- Suitable for small businesses.
- No security required.
Tier 2
- Application Fee: PKR 10,000 (non-refundable).
- For bigger business ideas or larger funds.
- Needs security, like property papers or government guarantees.
Once you apply, you will get a registration number and updates through SMS.
How to Apply for Asaan Karobar Qarza
Here’s how to apply step by step:
1. Open the Website: Visit akf.punjab.gov.pk.
2. Read Instructions: Go through the instructions provided in English and Urdu. Scroll down and press “Acknowledge and Proceed.”
3. Fill the Registration Form Online:
- Add your details, including name (as per CNIC), father/husband’s name, CNIC number, date of birth, and more.
- Provide your email, address, NTN number, and other required information. Fields marked with asterisks (*) are mandatory.
4. Registration Confirmation: Once registered, you’ll see a confirmation message and a login page. Use your CNIC and password to log in.
5. Fill Loan Details: Add the purpose and amount of the qarza.
6. Provide Business Details: Share details about your business operations.
7. Enter Financing Details: Explain how you plan to use the qarza for your business growth.
8. Add References: Provide contact details of two references (non-relatives).
9. Upload Documentation: Ensure all required documents are valid and uploaded properly.
10. Press Submit: Double-check everything before submitting the form.
Note: Only taxpayers with a valid NTN number can apply. Ensure all your documents are accurate to avoid delays.
Tips to Get Your Qarza Approved
- Make a Strong Business Plan: Explain how the qarza will help your business grow.
- Be Clear About Finances: Give accurate details about your business income and expenses.
- Show Your Experience: Highlight your skills or past experience in running a business.
Why This Program is Helpful
The Asaan Karobar Finance Program is a huge help for small businesses in Punjab. Here’s why:
- Supports New Businesses: Gives money to help startups succeed.
- No Extra Charges: You only pay back the amount you borrow.
- Easy Application: The online system saves time and effort.
This program is perfect for anyone who wants to start a business but needs financial help.
Why We Applied
At Pakistan Era, we wanted to try the Asaan Karobar Finance Program ourselves. First, we checked how easy it is to fill out the form. We also wanted to see if anyone could follow the process without problems. Plus, we want to grow our work in Pakistan by getting an office for our team. This program looks like the perfect chance to do that, and now we are waiting to hear back about our application.
Tip: Use a computer or laptop for the process. We tried registering on a mobile phone, but it was tricky. A laptop made it simpler and faster.
FAQs
Yes, you must have a Punjab domicile to apply for the Asaan Karobar Finance Program by the Punjab government. This program is specifically for residents of Punjab.
Once you submit, the process starts right away. You’ll get updates via SMS.
Yes, new businesses can apply. Just provide your business idea and financial plan.
You need to give property papers or government securities.
Conclusion
The Asaan Karobar Finance Program is a great opportunity for anyone in Punjab who wants to start or grow a business. With interest-free qarza and an easy online process, it removes the stress of finding financial support.
Don’t miss this chance! Visit akf.punjab.gov.pk today and apply. We’re excited to see how this program changes lives and helps people achieve their business dreams!
Umer Kureshi is a Certified SEO Expert, Website Designer, and Business Analyst with a strong background in technology and digital marketing. As the Lead Administrator, SEO Manager, and Writer at Pakera.pk, Umer manages the website operations, optimizes website content for search engines, and writes engaging guides on technology and current events happening in Pakistan.
Currently, Umer is pursuing a Bachelor’s in Management Studies from Government College University, Lahore. Umer combines his academic insight, knowledge, and critical thinking with practical experience to give impactful results. Umer also contributes to Xfilink Pvt Ltd as the Lead Manager of Content Writers and to Technology Elevation, where he looks over affiliate marketing, web design, and technical writing.
Umer’s certifications in SEO and expertise with tools like WordPress, Google Analytics, and SEMrush reflect his dedication to staying at the forefront of the industry.
In his free time, Umer stays active and energetic by regularly participating in sports and outdoor activities, combining his athletic spirit with a passion for staying sharp and focused.
