Asaan Karobar Card and Scheme 2026
Asaan Karobar Card and Scheme 2026 Complete Details, Eligibility, Benefits, and Application Guide Complete Details, Eligibility, Benefits, and Application Guide is a flagship economic empowerment initiative launched by the Government of Punjab to support small businesses, startups, and self-employed individuals. The program aims to promote entrepreneurship, strengthen the SME sector, and create sustainable income opportunities by providing interest-free financial assistance through a digital credit system.
This scheme is part of the Punjab government’s broader strategy to encourage formal business activity, digital payments, and inclusive economic growth across the province.
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Introduction to the Asaan Karobar Card
The Asaan Karobar Card is a digital business financing card issued to eligible applicants, allowing them to access interest-free credit for business-related expenses. Unlike traditional loans, this card-based system ensures transparency, controlled usage, and proper monitoring of funds so that financial support is used strictly for productive purposes.
The scheme supports both existing businesses and new or prospective entrepreneurs who wish to start or expand a business within Punjab.
Objectives of the Asaan Karobar Scheme 2026
The primary objectives of the scheme include:
- Promoting small and medium enterprises (SMEs) across Punjab
- Encouraging self-employment and entrepreneurship
- Providing easy access to capital without interest
- Supporting startups and informal businesses to enter the formal economy
- Creating new jobs and improving household incomes
- Introducing a transparent, digital, and monitored financing system
Loan Amount and Financial Structure
Under the Asaan Karobar Card 2026, eligible applicants can receive:
- Maximum Loan Amount: Up to PKR 1,000,000
- Interest Rate: 0% (completely interest-free)
- Loan Tenure: Up to 3 years
- Grace Period: 3 months after card issuance
- Repayment Period: 24 equal monthly installments after the grace period
For the first 12 months, the card works as a revolving credit facility, allowing repeated use within the approved limit. After this period, the outstanding amount is converted into fixed monthly installments.
Usage of the Asaan Karobar Card
The Asaan Karobar Card can only be used for business-related expenses, ensuring responsible utilization of funds. Approved uses include:
- Payments to suppliers and vendors
- Utility bills such as electricity, gas, and water
- Government fees, taxes, and business-related charges
- Digital payments through POS machines and mobile apps
- Limited cash withdrawal (up to 25% of the approved limit) for business needs
Personal or non-business transactions are automatically blocked, and misuse of funds can result in suspension or cancellation of the facility.
Eligibility Criteria of the Asaan Karobar Scheme 2026
To apply for the Asaan Karobar Card 2026, applicants must meet the following conditions:
- Must be a Pakistani citizen and resident of Punjab
- Age must be between 21 and 57 years
- Must possess a valid CNIC
- Mobile number must be registered in the applicant’s own name
- Must have an existing business or a clear plan for a prospective business in Punjab
- Clean credit history with no major loan defaults
- Must pass credit scoring and psychometric assessment
- Only one application per person or business is allowed
After approval, applicants are required to register with the Punjab Revenue Authority (PRA) or Federal Board of Revenue (FBR) within six months, where applicable.
Application Process of the Asaan Karobar Scheme 2026
The application process is fully online and managed through the official Punjab government portal.
Steps to apply include:
- Register or log in using CNIC and mobile number
- Fill in personal and business details
- Upload required documents, including CNIC copies and business information
- Pay a non-refundable processing fee of PKR 500
- Submit the application for verification
Applications are reviewed through digital checks and physical verification, including CNIC validation, credit history review, and business premises verification
Fees and Charges
Although the loan itself is interest-free, some standard charges apply:
- Processing Fee: PKR 500 (non-refundable)
- Annual Card Fee: PKR 25,000 plus applicable FED (deducted from the approved limit)
- Charges related to card issuance, delivery, and life assurance
- Late payment penalties as per bank policy
All terms and charges are clearly communicated to applicants during the approval process.
Business Verification and Compliance
Once the card is issued, the borrower’s business may be verified within six months and periodically afterward. Card usage, repayment behavior, and compliance with scheme rules are monitored digitally to ensure transparency and sustainability.
Failure to comply with usage rules or repayment schedules can lead to blocking of the card or legal recovery measures.
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Application Resubmission Facility
Applicants whose applications were rejected or marked incomplete due to verification issues are sometimes allowed to resubmit their applications. Common reasons for resubmission include:
- CNIC or mobile number verification problems
- Incomplete or incorrect information
- Outstanding taxes or credit issues
- Missing or unclear documents
Applicants can log in to the portal, correct the highlighted issues, and resubmit their application. In most cases, only one resubmission opportunity is provided.
Helpline and Support
For guidance, complaints, or application status updates, applicants can contact the official helpline:
Punjab Helpline: 1786
Applicants can also track their application status online through the official portal using their CNIC and login credentials.
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Conclusion
The Asaan Karobar Card and Asaan Karobar Scheme 2026 represents a major step toward empowering small businesses and entrepreneurs in Punjab. By offering interest-free financing through a controlled digital system, the program reduces financial barriers, promotes responsible borrowing, and supports economic growth at the grassroots level.
For individuals looking to start or expand a business without the burden of interest-based loans, this scheme provides a valuable opportunity to build a sustainable future while contributing to Punjab’s overall economic development.