Asaan Karobar Finance Scheme
Online registration phase of the Asaan Karobar Finance Scheme has begun, which aims to provide interest-free loans to small and medium-sized businesses in Punjab. Under the Asaan Karobar Finance Scheme Online Registration Guide, you can submit your application from home. Under this scheme, loans ranging from Rs 1 million to Rs 30 million are being provided, so that new businesses can be started and existing businesses can be expanded.
The registration procedure in this scheme is very easy. You just have to visit the official website akf.punjab.gov.pk and click on the register button. In the registration form, you have to provide your name, identity card number, mobile number, address, and other information. After providing all the information, you can submit your application. After the application is approved, the loan amount will be transferred to your account.
Under this scheme, new businesses have been given a grace period of 6 months while existing businesses have been given a grace period of 3 months. 10 percent equity contribution has been exempted for women, disabled people, and transgender people. This scheme will not only contribute to economic growth but will also create employment opportunities. If you are eligible, register now and take your business to a new path of growth.
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Objectives of the Asaan Karobar Finance Scheme
The Asaan Karobar Finance Scheme is designed with several key objectives:
- Startup Support: Provide funding to new businesses to encourage entrepreneurship.
- Business Expansion: Offer loans for the growth, modernization, and operational needs of existing businesses.
- Climate-Friendly Initiatives: Promote eco-friendly businesses under RECP technologies.
- Inclusivity: Support females, transgender individuals, and differently-abled persons with special incentives.
Eligibility Criteria for Asaan Karobar Finance Scheme
Before applying for the loan, ensure you meet the following criteria:
- Business Type: Small enterprises with annual sales up to PKR 150M or medium enterprises with sales between PKR 150M and PKR 800M.
- Age Range: Applicants must be between 25 and 55 years old.
- Tax Filing: Must be an active FBR tax filer with a clean credit history.
- Location: Both residence and business must be in Punjab.
- Business Premises: Must own or rent the place of business.
- Documents Required: Valid CNIC and NTN.
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Asaan Karobar Finance Scheme Loan Details
The scheme offers loans in two tiers:
Tier 1 Loans
- Amount: PKR 1M–5M
- Security: Personal guarantee
- Tenure: Up to 5 years
- End-User Rate: 0%
- Processing Fee: PKR 5,000
Tier 2 Loans
- Amount: PKR 6M–30M
- Security: Secured loan
- Tenure: Up to 5 years
- End-User Rate: 0%
- Processing Fee: PKR 10,000
Additional Benefits:
- Grace Period:
- Up to 6 months for startups
- Up to 3 months for existing businesses
- Equity Contribution:
- 0% for Tier 1 loans (except leased vehicles)
- Special rates for females, transgender, and differently-abled persons
- Repayment: Equal monthly installments
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Step-by-Step Guide to Asaan Karobar Finance Scheme Online Registration
Follow these steps to complete your Asaan Karobar Finance Scheme online registration:
Step 1: Visit the Official Website
Go to the official website: akf.punjab.gov.pk. This is the primary portal for registration and loan applications.
Step 2: Login or Register
- Existing Users: Click on the “Login” button and enter your username and password.
- New Users: Click on the “Register Now” button to create a new account.
Step 3: Fill Out the Registration Form
Provide the following details:
- Full name (as per CNIC)
- Father’s or husband’s name
- CNIC number
- Date of birth, age, and CNIC issuance/expiry dates
- Email address
- Mobile number (and SIM ownership details)
- Residential address (province, division, district, tehsil, city)
- NTN (National Tax Number)
- Business ownership or rental details
Step 4: Set Your Password
Create a secure password for your account and complete the registration process.
Step 5: Verify Your Email
Check your email for a verification link. Click on the link to activate your account.
Step 6: Login to Your Account
Use your CNIC number and password to log in. This will take you to your user portal.
Step 7: Submit a New Application
Click on the “New Application” button and fill in details about:
- Your business (type, purpose, and profit)
- Land or property associated with the business
Step 8: Verification and Approval
Once your application is submitted, it will be verified by the relevant authorities. Upon successful verification, the loan will be disbursed through the Bank of Punjab.
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Loan Purposes
The loans under this scheme can be used for:
- Starting a new business
- Expanding or modernizing an existing business
- Leasing commercial logistics
- Supporting eco-friendly businesses under RECP technologies
Conclusion
The Asaan Karobar Finance Scheme online registration step by step guide makes it easy for individuals to apply for loans without hassle. This initiative is a significant step toward empowering entrepreneurs and fostering economic growth in Punjab. By following the simple online registration process, you can secure the funding needed to bring your business ideas to life.
Take advantage of this incredible opportunity today by visiting akf.punjab.gov.pk and starting your application!
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