How to Apply CM Punjab Asaan Karobar Card (آسان کاروبار کارڈ)

What is Asaan Karobar Card?

Asaan Karobar Card is an initiative of the Government of Punjab to boost the economy of the province. It is launched by CM Punjab, Maryam Nawaz, which aims to help young entrepreneurs establish new businesses and modernize existing businesses across Punjab. In this program, an interest-free loan of up to 1 million will be provided to the eligible candidates.

Eligibility Criteria for Asaan Karobar Card

You must check the eligibility criteria before applying for the Asaan Karobar Card, which are as follows:

• The applicant’s age must be between 21 to 57 years.
• Applicant must be a citizen of Pakistan with a residency in Punjab.
• Applicant must hold a valid CNIC as per NADRA records.
• Applicant must have a registered mobile number on their CNIC.
• Only one application is allowed per person or business.
• Applicant must have a clean credit history with no overdue loans or payments.
• In case of an existing business, the business should be located within Punjab.

If you are eligible to apply for the Asaan Karobar Card, make sure to have the following documents before starting to apply for it:

• CNIC (Back & Front)
• A passport-sized photograph
• Related business documents

How to Apply for CM Punjab Asaan Karobar Card?

Step 01: Visit the Website

• Visit this website and gather all the information about the Asaan Karobar card.
• Hit the “Apply” button given there to navigate to the Asaan Karobar portal.
• Read the instructions provided before starting to apply, and then click “Acknowledge & Proceed.

Step 02: Sign Up

• Then provide your personal information like your name, CNIC details, mobile number, and password, to successfully sign up.
• Your profile will be created in no time. Always remember the password as you will use it for signing in afterwards.

Step 03: Login

• After successful sign-up, log in to the portal using your CNIC number and password that you have used for sign-up previously.

Step 04: Provide Personal Information

• After login to your portal, you have to provide your personal information to proceed the Asaan Karobar Card application.
• You will provide information about your gender, address, education, employment, and experience etc.
• Don’t forget to hit the “Save & Next” button after providing all required information.

Step 05: Provide Business Details

• In the next section, you will provide information about your new business that you’re going to start or your existing business.
• You will provide information like business name, contact, nature of business, and status of business.

Step 06: Loan Details

• In the next section, you have to provide key details about the loan for which you are going to apply.
• You will provide the information about the amount of loan required, etc.

Step 07: Upload Documents

• In this section of the application, you have to upload the required documents, like the account statement and CNIC.

Step 08: Declare and Submit

• Read the declaration and click “Proceed.” Review your application and click the “Submit” button to submit your application successfully.

Step 09: Deposit Processing Fee

• The system will generate a 19-digit PSID code at the top. You will submit the processing fee of 500 PKR to start processing your application.
• You can submit this fee using any bank mobile app or any microfinance banking app. After submission of fee you will see the “Paid” status at the top of the application.

Step 10: Check Application Status

• You can check the Asaan Karobar Card application status easily by logging in to your portal.
• Log in to the portal using your credentials (CNIC and Password) and check the status of your application at the top.

Frequently Asked Questions

Can I apply if I am not a resident of Punjab?

The Asaan Karobar Card Program is only for the residents of Punjab. It was launched by the Punjab Government to boost the economy of Punjab. You must have a resident or business located in Punjab to apply for it. Otherwise, you are not eligible to apply for this program.

What is the Grace Period and Loan Tenor for the Asaan Karobar Card?

The grace period is three months after the issuance of the card, and the loan tenor is three years.

What is the application processing fee for the Asaan Karobar Card?

The application processing fee is only 500 Pakistani rupees, which is non-refundable in any case.

Is it necessary to have a business to apply for the Asaan Karobar Card?

This program has been launched to help young entrepreneurs establish new businesses and modernize existing businesses. So, it doesn’t matter whether you already have a business or not. You can apply if you’re eligible and want to start a new business.

Conclusion

CM Punjab launched the Asaan KArobar Card to help the youth establish and modernize businesses across Punjab. In this program, an interest-free loan of up to 1 million PKR will be provided for a tenor of 3 years. If you want to apply for this card, please check the step-by-step process described above. Don’t forget to read through the important guidelines before starting the application.