CM Punjab Asaan Karobar Card Online Apply 2025

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The Government of Punjab has introduced the CM Punjab Asaan Karobar Card, an initiative aimed at empowering small entrepreneurs by providing interest-free loans of up to PKR 1 million. This digital SME card facilitates transparent financial transactions through mobile apps and point-of-sale (POS) systems.

Key Features of Asaan Karobar Card

Loan Amount and Duration

  • Maximum Loan Limit: PKR 1 million
  • Loan Tenure: 3 years
  • Repayment Structure:
    • First 12 months: Revolving credit facility
    • Next 24 months: Repayment in equal monthly installments
  • Grace Period: 3 months from card issuance

Usage of the Loan

Funds can be utilized for:

  • Payments to vendors and suppliers
  • Settlement of utility bills, taxes, and government fees
  • Digital transactions through POS and mobile apps
  • Cash withdrawals (up to 25%) for business-related expenses

Eligibility Criteria

To apply for the Asaan Karobar Card, applicants must:

  • Be Pakistani citizens residing in Punjab
  • Have a valid CNIC and a registered mobile number
  • Own or plan to start a business in Punjab
  • Be between 21 and 57 years old
  • Have a clean credit history
  • Pass the psychometric and credit assessment

Note: Only one application per individual and business is allowed.

Application Process

How to Apply?

  • Submit applications online via the Punjab Information Technology Board (PITB) portal.
  • Pay a non-refundable processing fee of PKR 500.
  • Digital verification of CNIC, credit status, and business premises will be conducted.

Loan Usage and Repayment Details

  • Initial 50% Limit: Released within the first 6 months
  • Remaining 50% Limit: Released after satisfactory loan utilization and registration with Punjab Revenue Authority (PRA) or Federal Board of Revenue (FBR)
  • Repayment Plan:
    • After 3-month grace period, borrowers must pay 5% of the outstanding balance monthly.
    • The remaining balance after 1 year is repaid in equal monthly installments over 2 years.

Permissible and Restricted Uses

Allowed:
✅ Business transactions and vendor payments
✅ Utility bills, government fees, and taxes
✅ Digital POS and mobile app payments

Not Allowed:
❌ Personal expenses
❌ Non-business-related transactions

Charges and Fees

  • Annual Card Fee: PKR 25,000 + Federal Excise Duty (FED) (deducted from the credit limit)
  • Late Payment Charges: As per the bank’s schedule of charges
  • Life Insurance & Card Issuance Fees: Covered under the scheme

Security Measures

  • Personal guarantee digitally signed by the borrower
  • Life assurance for financial security
  • Physical verification of business premises by The Urban Unit

Mandatory Business Registration

To ensure transparency and economic compliance, borrowers must register with PRA or FBR within 6 months of receiving the card.

Additional Support for Applicants

The Punjab Small Industries Corporation (PSIC) and Bank of Punjab (BOP) provide feasibility studies to assist new startups and small businesses.

Helpline and Support

For queries or assistance, contact the official Punjab Government Helpline: 1786.

Conclusion

The CM Punjab Asaan Karobar Card is a revolutionary step towards economic empowerment by providing interest-free financial support to small businesses. With a structured digital repayment system, it ensures responsible and effective utilization of funds, contributing to Punjab’s economic growth.

Faisal Awan

I’m Faisal Awan, a writer and analyst focused on government programs. I analyze how policies are implemented and strive to make them more effective. My work aims to highlight areas for improvement and drive positive change through better public initiatives.

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