Breaking News: Punjab Expands Asaan Karobar Finance Scheme – Get Interest-Free Loan Up to 3 Crore Now

Punjab government has expanded the Asaan Karobar Finance Scheme to provide easier and interest-free business loans for entrepreneurs and small business owners. The initiative allows eligible applicants to access up to PKR 30 million without heavy interest or complex requirements. With a simplified online application process, more people can start or grow their businesses, supporting economic growth and job creation in the province.

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What Is the Asaan Karobar Finance Scheme?

The Asaan Karobar Finance Scheme is a government-backed business loan program run in partnership with the Bank of Punjab. It aims to support SMEs, startups, and business owners by offering accessible loans without high interest rates or complicated procedures. This makes funding easier and encourages business growth across Punjab.

Feature	Details
Loan Amount	Up to PKR 30 million (3 crore)
Interest Rate	0% (interest-free)
Loan Tenure	Up to 5 years
Grace Period	3–6 months before repayment
Processing Fee	PKR 5,000–10,000
Application	Online via portal or helpline 1786

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Asaan Karobar Card – Easier Short-Term Finance

The Asaan Karobar Card complements the main loan scheme by offering short-term finance to manage daily business expenses. Entrepreneurs can use it for operational costs, working capital, and inventory. The card functions like a revolving credit limit with 0% interest and flexible repayment terms.

Card Feature	Details
Maximum Credit Limit	Up to PKR 1 million
Interest Rate	0%
Best For	Operational costs, working capital
Repayment Term	Up to 3 years
Usage	Digital payments, POS, business needs

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Why This Expansion Matters

The scheme expansion makes business loans more accessible to small and medium enterprises. Entrepreneurs no longer face high-interest barriers or strict bank conditions. Online applications reduce paperwork and allow applicants to track their status easily. This initiative promotes entrepreneurship, job creation, and economic growth in Punjab.

How to Apply Asaan Karobar Finance Scheme Step by Step

Step	Action
1	Visit the official portal
2	Create account with CNIC & mobile number
3	Fill in business details, loan amount, and purpose
4	Upload required documents (CNIC, business info)
5	Submit and track application online

Apply Now

Final Thought

Punjab’s expansion of the Asaan Karobar Finance Scheme is a major opportunity for entrepreneurs. With loans up to 3 crore, interest-free financing, and an easy online application, small business owners can now grow their businesses without heavy financial burden. The Asaan Karobar Card further supports daily operational needs, making this initiative ideal for startups and expanding businesses.