Business Loans AKF Punjab Asaan Karobar
This program assists Punjab’s small and medium-sized enterprises (SMEs) by providing zero-interest loans. Its goal is to stimulate economic development by promoting entrepreneurship, generating employment, and boosting exports, with an emphasis on key sectors across the province.
Loan Purpose
- New Businesses: Initial financing for business startups
- Existing Businesses:Â Business scaling, technological enhancement, or day-to-day capital needs
- Leasing: Logistics for commercial operations
- RECP Technologies:Â Environmentally sustainable enterpr
Eligibility Criteria
- Business Loans AKF Punjab Asaan Karobar Small enterprises are those that make less than PKR 150 million a year.
- Medium-sized businesses: Generating between PKR 150 million and PKR 800 million annually
- Age Requirement: Between 25 and 55 years old.
- Requirements: Must be active tax filers with the Federal Board of Revenue (FBR) and possess a clean credit record
- Location: Business and residence must be based in Punjab
- Required Documents: Valid CNIC and NTN (National Tax Number).
- Business Premises: Should either own or lease the current business location
Loan Details
| Tier | Amount (PKR) | Security | Tenure (up to) | End-User Rate | Processing Fee (PKR) |
|---|---|---|---|---|---|
T1 |
1M-5M |
Personal Guarantee |
5 years |
0% |
5,000 |
T2 |
6M-30M |
Secured |
5 years |
0% |
10,000 |
Business Loans AKF Punjab Asaan Karobar Loan Details
The Business Loans AKF Punjab Asaan Karobar provides loans across two tiers:
Tier 1: Loans between PKR 1 million and PKR 5 million.
- Collateral: Personal guarantee
- Loan Term: Up to 5 years
- Interest Rate: 0% for the end user
- Processing Fee: PKR 5,000
Tier 2: Loans between PKR 6 million and PKR 30 million.
- Collateral: Secured loans
- Loan Term: Up to 5 years
- Interest Rate: 0% for the end user
- Processing Fee: PKR 10,000
Furthermore, the Business Loans AKF Punjab Asaan Karobar provides smaller loans ranging from PKR 500,000 to PKR 1 million, offering additional support to new entrepreneurs.
Grace Period:
- Business Loans AKF Punjab Asaan Karobar New businesses and startups can benefit from a grace period of up to 6 months, whereas existing businesses qualify for up to 3 months.
Equity Contribution:
- 0% margin for Tier 1, excluding leased commercial vehicles.
- Leased commercial vehicles require a 25% contribution.
- For Tier 2, a 20% contribution applies to all other loan types.
- A reduced 10% contribution is applicable for women, transgender individuals, and persons with disabilities.
Repayment Terms:
- Repayment will be made through equal monthly installments according to the approved terms.
- Late Fee: PKR 1 for every 1,000 per day on overdue amounts.
Additional Costs:
Readmore Documents Required Chief Minister Asaan Karobar Card 2025 Free Loan
Processing Fee:
- No fee for setting up new businesses.
- 3% per annum for existing businesses.
- No fee per annum for climate-friendly businesses (only in Tier 2).
- Actual expenses will determine the application of insurance, legal, and registration fees.
Business Loans AKF Punjab Asaan Karobar Extra Assistance for Applicants
- Support Line: Call 1786 for assistance.
- Official Website: For the most recent information, go to akf.punjab.gov.pk.
Conclusion
The Asaan Karobar Scheme Business Loans AKF Punjab Asaan Karobar and Card are transformative initiatives by the Punjab government aimed at fostering entrepreneurship and boosting the province’s economy. By offering interest-free loans, simplifying administrative processes, and providing additional benefits like subsidized land and export incentives, the government is enabling small and medium enterprises to thrive.
This initiative reflects Chief Minister Maryam Nawaz Sharif’s dedication to building a business-friendly environment and driving economic growth. Aspiring entrepreneurs are encouraged to seize this opportunity to turn their business aspirations into reality and contribute to a prosperous Punjab.
