CM Punjab Asaan Karobar Card – Apply Online
Overview
The scheme provides interest-free loans of up to PKR 1 million through a Digital SME Card. It aims to support small entrepreneurs in Punjab by helping them expand and sustain their businesses.
CM Punjab Asaan Karobar Card. All transactions and fund utilization are managed digitally (via Mobile App, POS, etc.) to ensure transparency and efficiency.
Key Features
- Maximum Loan Limit: PKR 1 million
- Loan Tenure: 3 years
- Loan Type: Revolving credit facility (valid for 12 months)
- Repayment Term: 24 equal monthly installments after the first year
- Grace Period: 3 months from card issuance before repayment begins
Usage:
- Payments to vendors and suppliers
- Utility bills, taxes, and government fees
- Cash withdrawal (up to 25% of the limit) for business needs
- Digital transactions via POS and mobile app
Interest Rate: 0%
Eligibility Criteria
- Small Entrepreneurs (SEs) based in Punjab
- Age: 21 to 57 years
- Nationality: Pakistani and resident of Punjab
- Requirements:
- Valid CNIC and registered mobile number
- Existing or potential business located in Punjab
- Satisfactory credit and psychometric assessment
- Clean credit history (no overdue loans)
- One application per individual or business
How to Apply
- Apply digitally via the PITB portal
- Processing Fee: PKR 500 (non-refundable)
- Verification: Digital checks of CNIC, creditworthiness, and business premises by authorized agencies
Loan Usage and Repayment Details
- First 50% of the limit available within the first 6 months
- Grace Period: 3 months after card issuance
- After 3 months, borrowers start monthly repayments (minimum 5% of the outstanding balance)
- Second 50% released after regular repayments and registration with PRA/FBR
- Funds can only be used for business purposes; personal or entertainment expenses are blocked
- Remaining balance repaid over 2 years in equal monthly installments
Charges / Fees
- Annual Card Fee: PKR 25,000 + FED (deducted from approved limit)
- Additional Charges: Life assurance, card issuance, and delivery covered by the scheme
- Late Payments: Charges applied per bank’s schedule of charges
Security Details
- Personal Guarantee: Digitally signed by borrower
- Life Assurance: Included in the scheme
- Verification: Urban Unit conducts physical business inspections within 6 months of loan approval and annually thereafter
Key Conditions
- Funds must be used strictly for business-related activities
- PRA/FBR registration required within 6 months of card issuance
- Only one application allowed per individual or business
Additional Support
- Feasibility Studies: Available for startups and new businesses on PSIC and BOP websites
- Helpline: 1786
Key Features of CM Punjab Asaan Karobar
| Feature | Details |
| Maximum Limit | PKR 1 million |
| Tenure of Loan | 03 Years |
| Loan Type | Revolving credit facility for 12 months |
| Repayment Term | 24 equal monthly installments after first year |
| Grace Period | 3 months from card issuance for repayment commencement |
| Usage | Vendor payments, utility bills, taxes, POS/mobile transactions, 25% cash withdrawal |
| Interest Rate | 0% |
| Application Fee | PKR 500 (Non-refundable) |
FAQs:
What is the CM Punjab Asaan Karobar Card?
It is a card that gives interest-free loans to small business owners in Punjab. The money can be used for business needs like bills or payments.
Who can apply for the card?
Any Pakistani living in Punjab between the ages of 21 to 57 with a clean credit history can apply.
How much loan can I get?
You can get up to PKR 1 million, which is given in two phases after approval.
How do I apply for the card?
Go to the official portal, submit your CNIC and business details,CM Punjab Asaan Karobar Card – Apply Online, Check Status & Download Kisan Card pay the fee, and wait for verification.
How will I repay the loan?
The loan is returned in equal monthly installments after a short grace period.
Conclusion:
The CM Punjab Asaan Karobar Card is a big step to support small entrepreneurs CM Punjab Asaan Karobar Card – Apply Online, Check Status & Download Kisan Card and farmers in Punjab.
