CM Punjab Asaan Karobar Program

The Punjabi government has made yet another significant move to boost exports and the economy. The second phase of the Asaan Karobar Finance Program has been formally launched by Punjab Chief Minister Maryam Nawaz. In order to help more and more people grow their businesses and boost exports, interest-free loans will be given to small and large enterprises in all of Punjab’s regions.

90 billion rupees in interest-free loans

The Punjab government has set aside an enormous sum of Rs 90 billion for this program. Businessmen from Central Punjab, North Punjab, and South Punjab will all have equal access to this facility.

For small businesses, the minimum loan amount is Rs 1 million.
The maximum loan amount for medium-sized and large enterprises is Rs 30 million.
Up to Rs 50 million in special export loans
Since there will be no markup on any of these loans, business owners won’t be required to pay interest.

Eligibility Criyteria

A few prerequisites must be met in order to participate in this program

The candidate must be from Punjab.
The candidate must possess a current identity card.
No financial institution should have the applicant in default.
The candidate must be between the ages of 25 and 55.
Either the business space should be owned or rented.
The candidate must be a current taxpayer.
Applications are open to both men and women, transgender people, and special individuals. The business should be at least six months old.
Sales should not exceed Rs 250 million per year.
The loan ought to be utilized for commercial endeavors.

Easy 5-Year Installments

The option to repay these loans in convenient 5-year installments has been made available to the business community. Those who were unable to launch or grow their businesses earlier due to a lack of funding will also profit from this.

Regarding the First Phase’s Success

4238 businesspeople received loans totaling Rs 31 billion under this scheme in the first phase. They included medium-sized industrialists and small store owners. The goal of the second phase is to help even more people.

How to Apply for Finance from Asaan Karobar

Entrepreneurs can apply for this program at the closest Bank of Punjab branch or on the Punjab Small Industries Corporation website. The following documents are needed for the application:

National Identity Card Business license or registration Business history for the previous six months
For additional information, visit the official website at akf.punjab.gov.pk or call the helpline at 1786.

The program’s goal

This program’s primary goals are to boost exports, encourage business, and generate job opportunities in Punjab. The government wants the business community and young people to advance without financial barriers and boost the province’s economy.

اس پروگرام کے بنیادی اہداف پنجاب میں برآمدات کو فروغ دینا، کاروبار کی حوصلہ افزائی کرنا اور روزگار کے مواقع پیدا کرنا ہیں۔ حکومت چاہتی ہے کہ تاجر برادری اور نوجوان مالی رکاوٹوں کے بغیر آگے بڑھیں اور صوبے کی معیشت کو فروغ دیں۔

Conclusion

In addition to providing convenience for the business community, this initiative, which was started under the direction of Punjab Chief Minister Maryam Nawaz, will give the province’s economy a new course. Export facilities, interest-free loans, and simple installment plans are evidence that the government is making a concerted effort to give the business community plenty of facilities.

وزیر اعلیٰ پنجاب مریم نواز کی ہدایت پر شروع ہونے والا یہ اقدام تاجر برادری کو سہولت فراہم کرنے کے ساتھ ساتھ صوبے کی معیشت کو ایک نئی راہ دے گا۔ برآمدی سہولیات، بلا سود قرضے اور آسان اقساط کے منصوبے اس بات کا ثبوت ہیں کہ حکومت تاجر برادری کو کافی سہولیات دینے کے لیے ٹھوس کوششیں کر رہی ہے۔

CM Punjab Asaan Karobar Program – 2nd Phase Launched