Asaan Karobar Scheme 2026 – Interest-Free Loan, Eligibility & Online Application
The CM Punjab Asaan Karobar Scheme 2026 is a Punjab Government initiative designed to provide interest-free business financing to eligible entrepreneurs and small and medium enterprises (SMEs).
The initiative includes two different facilities: Asaan Karobar Finance for larger business financing and the Asaan Karobar Card for smaller business-related funding needs. Both facilities have separate eligibility requirements, financing limits and repayment structures.
If you want to start a business, expand an existing setup, purchase business equipment or meet approved working-capital needs, this guide explains the available facilities, eligibility criteria, loan limits and online application process.
What Is the Asaan Karobar Scheme?
The CM Punjab Asaan Karobar Scheme supports entrepreneurs and SMEs operating or planning to establish businesses in Punjab.
According to the Punjab Small Industries Corporation (PSIC), Asaan Karobar Finance can support activities such as:
- Other eligible SME activities
- Starting a new business
- Expansion of an existing business
- Balancing, modernization and replacement (BMR)
- Working capital
- Commercial logistics
- Resource-efficient and cleaner-production technologies
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Asaan Karobar Finance vs Asaan Karobar Card
The two facilities should not be treated as the same loan product.
| Feature | Asaan Karobar Finance | Asaan Karobar Card |
|---|---|---|
| Main purpose | SME/business financing | Small-business financing |
| Financing | Rs. 1 million to Rs. 30 million through tiers | Up to Rs. 1 million |
| Borrower markup | 0% | 0% |
| Finance age | 25–55 years | 21–57 years |
| Business location | Punjab | Punjab |
| CNIC | Required | Required |
| Processing fee | Rs. 5,000 / Rs. 10,000 depending on tier | Rs. 500 |
| Repayment | Up to 5 years | 3 years |
| Grace period | Depends on new/existing business | 3 months |
Asaan Karobar Finance – Loan Up to Rs. 30 Million
Asaan Karobar Finance is intended for entrepreneurs and SMEs that need larger business financing.
PSIC currently lists two financing tiers:
Tier 1 – Rs. 1 Million to Rs. 5 Million
Tier 1 provides financing from Rs. 1 million up to Rs. 5 million.
It is described as a clean financing facility supported by personal guarantees rather than the secured structure used for Tier 2. The processing fee listed by PSIC is Rs. 5,000.
Tier 2 – Rs. 5 Million to Rs. 30 Million
Tier 2 covers financing up to Rs. 30 million and is listed as a secured financing facility.
The processing fee for Tier 2 is Rs. 10,000 according to the PSIC information.
Asaan Karobar Finance Eligibility
Applicants for the Finance facility need to meet the applicable requirements.
According to PSIC, key criteria include:
- Age between 25 and 55 years on the date of application
- Valid CNIC according to NADRA records
- Valid NTN
- Clean ECIB/credit history
- Residence in Punjab
- Applicable business premises requirement for existing-business financing
- Business located in Punjab
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Who Is Eligible for Asaan Karobar Card?
According to Punjab Small Industries Corporation, some of the basic requirements of getting an Asaan Karobar Card are listed as follows:
- Age of applicant should be minimum 21 years.
- Maximum age limit of applicant should be 57 years.
- Applicant should be citizen of Pakistan and should be living in Punjab.
- Applicant should have valid CNIC.
- Existing or proposed business should be situated in Punjab.
- Applicant’s mobile number should be in his/her own name.
What Can the Financing Be Used For?
The approved financing can be used for eligible business purposes rather than general personal expenses.
The Finance facility can support areas such as:
- New business setup
- Business expansion
- Working capital
- Machinery or modernization
- Replacement of business equipment
- Commercial logistics
- Resource-efficient technologies
- Eligible SME activities
How to Apply for Asaan Karobar Scheme 2026
Applicants should apply through the official Asaan Karobar/PSIC channels and avoid websites that are not connected with the Punjab Government.
Step 1 – Select the Right Facility
First decide whether you need:
- Asaan Karobar Finance, or
- Asaan Karobar Card
Do not apply for the wrong facility simply because the names are similar.
Step 2 – Check Your Eligibility
Review the age, CNIC, Punjab residence, business and other requirements for the selected facility.
Remember that Finance and Card have different age criteria.
Step 3 – Prepare Your Information
Keep your relevant personal and business information ready.
Depending on the facility, this can include:
- CNIC
- Mobile number
- NTN
- Business details
- Business address
- Financial information
- Documents relating to the business
- Other information requested by the application system
Step 4 – Complete the Online Application
Open the official application system and complete the relevant form.
Enter your personal and business information carefully because incorrect information can affect the assessment of an application.
Step 5 – Provide Required Documents
Upload or submit the documents requested by the application system.
The exact documents can vary according to the facility, business type and financing category.
Step 6 – Pay the Applicable Processing Fee
Where applicable, pay the official processing fee through the method provided by the application system.
Do not send money to an individual promising guaranteed approval.
Step 7 – Complete Verification
The relevant institution will assess the application and verify the information provided.
Approval is subject to eligibility, verification, credit assessment and the applicable financing conditions.
How Much Can You Get Through Asaan Karobar?
The amount depends on the facility you choose.
Asaan Karobar Finance:
- Tier 1: Rs. 1 million to Rs. 5 million
- Tier 2: Rs. 5 million to Rs. 30 million
Asaan Karobar Card:
- Up to Rs. 1 million
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Asaan Karobar Finance Repayment Period
PSIC states that Finance loans can be repaid through equal monthly instalments over a period of up to five years.
For new businesses, the listed grace period can be up to six months, while existing businesses can have a grace period of up to three months, subject to the applicable financing terms.
Can Women Apply for Asaan Karobar?
Yes. Women entrepreneurs can apply if they meet the eligibility requirements of the relevant Asaan Karobar facility. The applicable financing structure and requirements should be checked before submitting the application.
Is Asaan Karobar Available Only in Lahore?
No. The initiative is a Punjab-wide program, not a scheme limited to Lahore. Applicants and businesses from other districts of Punjab can apply if they meet the requirements of the relevant facility.
Conclusion
The Asaan Karobar Scheme 2026 can prove to be a significant source of finance for entrepreneurs of Punjab, who wish to either establish their own venture, expand their business or invest in approved business ventures without taking any traditional loan carrying interest.
The key here lies in selecting the right product. While the Asaan Karobar Finance focuses on financing SMEs, the Asaan Karobar Card offers digital financing up to Rs. 1 million for qualifying small entrepreneurs.
