Chief Minister Maryam Nawaz has introduced the Asaan Karobar Card, a transformative initiative aimed at empowering small-scale business owners, street vendors, and low-income entrepreneurs. The card will provide interest-free financial support, promote self-employment, and strengthen local businesses across the province.
Key Features of the Program
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Issuance of a government-backed business identity card
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Interest-free business loans of up to Rs. 500,000
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Free business training and skill development workshops
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Flexible repayment options through the Bank of Punjab (BOP)
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Integration with the Punjab Rozgar Program
Who Can Apply?
This initiative is particularly designed for individuals who lack access to traditional banking or loan systems, including street vendors and small business owners with limited resources.
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Documents Required
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Original CNIC
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Proof of business (optional for informal vendors)
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Utility bill or proof of residence
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Mobile number registered with CNIC
Loan Disbursement and Repayment
Once your application is approved, the following steps will be followed:
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Funds are disbursed through the Bank of Punjab.
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A 3-month grace period is provided before repayment starts.
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No interest will be charged, and the repayment period extends up to 2 years.
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Applicants will receive SMS updates and can track their loan status through the online portal.
What is the Asaan Karobar Card?
The Asaan Karobar Card is a government-issued smart card that enables individuals in small or informal businesses to access zero-interest loans, subsidized services, and skill development programs. The card helps formalize micro-businesses, offers recognition, and simplifies access to financial resources, making it a key tool in supporting local entrepreneurship and economic growth.
