CM Punjab Assan Karobar Program
CM Punjab Assan Karobar Program: Punjab Another big initiative by Maryam Nawaz Sharif for the citizens of Punjab Now if you are a resident of Punjab and you are facing difficulties or you want to start a business but you do not have the capital to start this business.
then you do not need to worry Maryam Nawaz Sharif has launched the Assan Karobar Program through this program you can start your business but before that you need to understand this scheme and need to know what this scheme is.
How To Avail Loan Before Deadline For Complication
And how you can get help from it and start your business then the purpose of this article is to provide you with all the details about the new scheme and to assure the residents of Punjab that you can also benefit from this scheme. In this you have been told the complete procedure from registration to getting help. You can read this article till the end to know this procedure.
What Is The AKP Scheme?
Many people have this question that what is the Assan Karobar Program and how can help be obtained from this program? Actually, it is a scheme that has been introduced by the Punjab government to help the poor people, which provides loans to small and large scale entrepreneurs to expand their business and these are completely interest-free loans that are provided easily to the residents of Punjab.
And easy conditions have been set to get it and you will not have to go through any difficulties to repay it. If you also want to get this loan for business, then you first have to prove that you are a resident of Punjab and you have an original identity card and after that you can apply for this loan which is from 1 million to 30 million rupees.
How Much Loan Can Be Obtained From This Program?
Under this scheme, small and large scale entrepreneurs residing in Punjab can get interest-free loans on easy terms to expand their businesses. Earlier, loans of Rs 1 million to Rs 10 million were being provided through this scheme, but now Maryam Nawaz Sharif has recently increased the loan amount to Rs 30 million in a meeting, meaning that now they can get loans of Rs 1 million to Rs 30 million.
Maryam Nawaz Released 3Crore Loan For Punjab People Online Application
For the principle of these loans, some criteria have been set for obtaining them, which the applicants will have to fulfill. For this, it is very important that you are a resident of Punjab because this scheme has been introduced by the Punjab government, so only the residents of Punjab can benefit from it. If you are a resident of Punjab, then you can also get this loan.
Apply For Loan 10Lakh To 3crore
The application for this program has been made very easy because most of the people living in Punjab are not educated, so they do not have to face any difficulties in registering and they can easily get a loan. If you also want to know how you can get help from this program, then you also need to apply for a loan. The procedure is being told to you here.
You can also apply for this program by going to your nearest Punjab Bank with your National Identity Card and apart from this, you can also apply for a loan sitting at home by entering your information through the portal on the official website of AKC. The purpose of introducing this portal is to speed up the registration process and provide all kinds of facilities to the applicant.
Maryam Nawaz Introduced New Criteria For Getting Interest Free-Loan
Eligibility Criteria For Loan
To apply for the Assan Karobar Program, applicants must meet the following criteria:
1. Age Requirement:
Applicants must be between 21 to 57 years old at the time of application.
2. Citizenship & Residency:
- Must be a Pakistani citizen with a valid CNIC (Computerized National Identity Card).
- The business must be located within Punjab.
3. Business Type:
- Open to new startups, existing businesses, and small-to-medium enterprises (SMEs).
- Businesses from various sectors, including retail, services, manufacturing, and agriculture, can apply.
4. Loan Limit & Categories:
- Loans range from PKR 500,000 to PKR 30 million, depending on the type of business and loan category.
- Applicants can apply for:
- Asaan Karobar Card (PKR 500,000 – 1,000,000)
- Asaan Karobar Finance (PKR 1,000,000 – 30,000,000)
5. Financial & Credit History:
- No major default history with banks or financial institutions.
- A business plan or proof of business operations may be required for approval.
6. Application Process:
- Register through the Punjab Information Technology Board (PITB) portal.
- Provide necessary business and financial documents as required.
- Loans are facilitated through the Bank of Punjab (BOP).
7. No Collateral for Small Loans:
- For loans under PKR 3 million, no collateral is required.
- Higher loan amounts may require some form of security.