Asan Karobar Card is a powerful initiative by the Punjab government to support small business owners and entrepreneurs with easy access to loans and financial services. If you're looking for financial help to grow your business, the Asan Karobar Card can be your gateway to success. This article covers everything you need to know about the Asan Karobar Card registration online apply process, eligibility, features, and benefits.
Quick Information Table
| Feature | Details |
|---|---|
| Scheme Name | Asaan Karobar Card Loan Scheme |
| Initiative By | Government of Punjab |
| Target Audience | Small business owners, startups, and vendors |
| Loan Amount | Up to Rs. 10 Lakh |
| Interest Rate | 0% (Interest-free) |
| Application Mode | Online |
| Repayment Period | Flexible with easy monthly installments |
| Required Security | Minimal or none |
| Registration Status | Open for eligible applicants |
Asaan Karobar Card Loan Scheme
The Asaan Karobar Card Loan Scheme is part of Punjab’s broader program to empower small-scale entrepreneurs, shopkeepers, and self-employed individuals. Through this card, eligible individuals can access interest-free loans up to Rs. 10 lakh to support and expand their businesses.
What is the Asaan Karobar Card?
The Asaan Karobar Card is a financial tool launched by the Punjab government to make business financing more accessible and convenient. It is designed especially for people who find it hard to get loans from traditional banks. Whether you're a street vendor, a small shop owner, or running a home-based setup, this card can help you access credit with ease.
Key Features of Asaan Karobar Card
Interest-Free Loans: No markup on the loan amount.
Flexible Limits: Loan ranges between Rs. 1 lakh to Rs. 10 lakh.
Easy Repayment: Monthly installments with a long tenure.
Digital Process: Online application and tracking.
Minimal Documentation: No need for complex paperwork.
Eligibility Criteria for the Asaan Karobar Card
To qualify for the Asaan Karobar Card, applicants must meet the following criteria:
Must be a resident of Punjab.
Age should be between 18 to 55 years.
Should own a small business, stall, or shop.
Must not be a defaulter of any bank.
CNIC (Computerized National Identity Card) must be valid.
Asaan Karobar Card Online Registration
Here’s how you can complete the asan karobar card registration online apply process:
Visit the Official Website: Go to the Punjab government’s portal for employment or business loan schemes.
Create an Account: Sign up using your CNIC number and mobile number.
Fill Application Form: Provide details like business type, income, and loan amount required.
Upload Documents: CNIC copy, business proof (if any), and photos.
Submit: After review, you will receive updates via SMS or email.
Make sure all information is accurate to avoid rejection.
Loan Usage and Repayment Details
Loan amounts can be used for:
Purchasing stock or raw material
Buying machinery or tools
Expanding business infrastructure
Marketing or logistics expenses
Repayment is flexible, with options ranging from 1 to 3 years. Payments can be made via bank transfers or designated centers.
Charges and Security Details
Interest Rate: 0% (fully subsidized by the government)
Processing Fee: May vary (usually minimal or waived)
Collateral: Not required for smaller loans
Late Payment Charges: Applicable if installments are missed repeatedly
What is the benefit of Assan Karobar card?
The Assan Karobar Card provides a lifeline to thousands of small business owners who are financially underserved. Its key benefits include:
Access to interest-free financing
Support for business growth and stability
Government-backed security and trust
Helps reduce unemployment by promoting self-employment
It also builds a credit history, which can help in securing larger loans in the future.