CM Punjab Asaan Karobar Program 2025 Online Registration Portal akf.punjab.gov.pk
The CM Punjab Asaan Karobar Program 2025 is a major initiative designed to support small and medium-sized enterprises (SMEs) in Punjab. This program offers interest-free loans that help businesses start, expand, or modernize. It focuses on key areas like entrepreneurship, job creation, and eco-friendly practices to stimulate economic growth across the province.
Purpose of the CM Punjab Asaan Karobar Program 2025
The loans are available for different business needs:
- Startups: Money to help start new businesses.
- Existing Businesses: Funds for growing, updating, or managing daily finances.
- Leasing: Support for improving transportation and logistics.
- RECP Technologies: Financial assistance for businesses working on environmentally friendly projects.
Who Can Apply for CM Punjab Asaan Karobar Program 2025?
To apply, you must:
- Business Size:
- Small Enterprises: Annual sales up to PKR 150 million.
- Medium Enterprises: Annual sales between PKR 150 million and PKR 800 million.
- Age: Entrepreneurs between 25 to 55 years old.
- Compliance: You should be a regular tax payer with no history of bad credit.
- Location: Both your home and business should be in Punjab.
- Identification: You need a valid CNIC and National Tax Number (NTN).
- Business Premises: You should own or rent a place for your business.
Loan Details
Tier 1 (T1)
- Amount: From PKR 1 million to PKR 5 million.
- Security: Personal guarantee.
- Time to Pay Back: Up to 5 years.
- Interest: 0%.
- Application Fee: PKR 5,000.
Tier 2 (T2)
- Amount: From PKR 6 million to PKR 30 million.
- Security: You need to provide property or other assets as security.
- Time to Pay Back: Up to 5 years.
- Interest: 0%.
- Application Fee: PKR 10,000.
Extra Details
- Grace Period: Up to 6 months for new businesses and 3 months for existing ones.
- Equity Contribution: None for T1, except for leased vehicles (25%). For other cases under T1 and T2, it’s 20%. Women, transgender, and differently-abled persons pay only 10%.
- Late Fees: PKR 1 for every PKR 1000 overdue per day.
- Other Costs: No yearly fees for new or eco-friendly businesses. Existing businesses in T2 pay 3% per year. Legal, insurance, and registration costs are extra.
How to Apply for CM Punjab Asaan Karobar Program 2025
- Prepare: Before applying, gather all necessary documents:
- Passport-size photo or selfie.
- Scanned copies or clear photos of your CNIC, both sides.
- A mobile number registered under your name.
- Details about your two non-relative references.
- Your tax filing status and business documents like income, expenses, and proof of premises.
- Sign Up and Fill the Form: Register on the Asaan Karobar portal https://akf.punjab.gov.pk/landing. Complete the application form, which takes about 15 minutes. You can save and return to it if needed.
- Upload Documents and Pay Fees: Upload all required information and documents. Pay the non-refundable application fee (PKR 5,000 for T1 and PKR 10,000 for T2).
- Submit and Track: After submitting, you’ll get a registration number via screen and SMS. Track your application status through SMS updates or on the portal.
FAQs About the Application Process
What documents do I need? You’ll need a photo, your CNIC copies, a registered mobile number, reference details, tax status, and business documentation.
How do I start the application? Register on the Asaan Karobar portal with your mobile number and follow the instructions to fill out the form.
What is the fee? It’s PKR 5,000 for Tier 1 and PKR 10,000 for Tier 2 loans, both non-refundable.
How long does it take to apply? It takes at least 15 minutes to fill out the form.
Can I save and continue the application later? Yes, you can save your progress and continue later.
How do I check my application status? You can receive updates by SMS or check on the Asaan Karobar portal.
This program is a fantastic opportunity for SMEs in Punjab to grow without the burden of interest, contributing positively to the region’s economy.