CM Punjab Asaan Karobar Card By Maryam Nawaz 2025 Latest Update

CM Punjab Asaan Karobar Card

In an effort to foster entrepreneurship and economic growth in Punjab, Maryam Nawaz, the Chief Minister of Punjab, has introduced the CM Punjab Asaan Karobar Card. This innovative initiative is designed to empower small business owners by providing interest-free loans of up to 1 million . Whether you’re a new entrepreneur or looking to scale your business, this initiative could be the financial support you’ve been waiting for.

Maryam Nawaz has launched a business card. You can easily complete your registration through the business card. You can get a loan of 1 million. This scheme also includes business finance. Through this, you can get a loan of 30 million without interest. There are some terms and conditions on which you can see the complete information from the registration so that you can get an idea of ​​the details. For more information and details, read the article carefully.

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What is the CM Punjab Asaan Karobar Card?

The CM Punjab Asaan Karobar Card is an initiative launched by the Punjab government to support small entrepreneurs in the province. The card offers interest-free loans to business owners, with a loan limit of up to 1 million PKR. The idea behind this card is to help business owners manage their expenses, pay vendors, suppliers, utility bills, and much more.

What makes this card unique is its digital platform, allowing for easier management and usage of funds. Entrepreneurs can access revolving credit for up to 12 months, and once the loan is approved, they will be required to repay it in easy installments.

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Features of the CM Punjab Asaan Karobar Card

Here are the main features that make the CM Punjab Asaan Karobar Card a game-changer for small businesses:

1. Loan Amount: Entrepreneurs can access loans up to 1 million PKR for business-related expenses.
2. Revolving Credit: The card offers revolving credit for up to 12 months, meaning you can borrow money as needed within this period.
3. Repayment Term: After a 3-month grace period, the loan is repaid in 24 equal monthly installments.
4. Fund Usage: The funds can be used for a variety of business-related expenses, including paying vendors, suppliers, utility bills, and taxes. You can even withdraw up to 25% of the loan limit in cash for business needs.
5. Digital Transactions: The card supports digital transactions through POS systems and a mobile app, making it easier to track your expenses and loan repayments.

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Eligibility Criteria for the CM Punjab Asaan Karobar Card

Before applying, it’s essential to ensure that you meet the eligibility criteria. Here’s a quick look at the requirements:

• Age: Applicants must be between 21 and 57 years old.
• Nationality: Only Pakistani nationals residing in Punjab can apply for the card.
• Business Location: Your business should be based in Punjab.
• Required Documents: A valid CNIC (Computerized National Identity Card), a registered mobile number, and a clean credit history are necessary to apply.
• Psychometric Assessment: Applicants will undergo a psychometric evaluation to assess their suitability for the loan.

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How to Apply for the CM Punjab Asaan Karobar Card

1. Visit the Official Portal:
   To start the application, visit the official CM Punjab Asaan Karobar Card portal.
2. Fill in Personal Details:
   Ensure you enter accurate details as per your CNIC and official records. The following fields are required:
   • Applicant’s Name as per CNIC (درخواست دہندہ کا نام جیسا کہ شناختی کارڈ پر درج ہے)
   • Applicant’s Father/Husband Name (درخواست دہندہ کے والد/شوہر کا نام)
   • Applicant’s CNIC Number (درخواست دہندہ کا شناختی کارڈ نمبر)
   • Date of Birth (پیدائش کی تاریخ، جیسا کہ شناختی کارڈ پر درج ہے)
   • CNIC Issuance Date (شناختی کارڈ کے اجراء کی تاریخ)
   • CNIC Expiry Date (شناختی کارڈ کی معیاد ختم ہونے کی تاریخ)
3. Network and Code:
   Select your network from the dropdown and enter the network code.
4. Enter Your Mobile Number:
   Provide your mobile number registered with your CNIC. This is an essential field for communication.
5. Create a Password:
   Choose a strong password and confirm it by re-entering it in the “Confirm Password” field.
6. Agree to Terms and Conditions:
   Review the terms and conditions for using the CM Punjab Asaan Karobar Card and check the agreement box to proceed.
7. Submit the Application:
   After filling in all the necessary information, click on the Register button to submit your application.
8. Processing Fee:
   A non-refundable processing fee of 500 PKR must be paid to complete the registration.
9. Verification Process:
   After submission, the authorities will carry out digital verification of your CNIC, credit history, and business premises. Only eligible applicants will be approved for the card.

2. Apply at the Bank of Punjab (BOP)

• Alternatively, you can visit any branch of the Bank of Punjab (BOP) to complete the application process in person.

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Loan Usage and Repayment Details

Once you receive the CM Punjab Asaan Karobar Card, here’s how the loan works:

1. First 50% of Loan: You can access the first half of your loan limit within the first 6 months of receiving the card.
2. Second 50% of Loan: The second half will be available once you demonstrate that you’ve used the first half responsibly, made timely repayments, and are registered with PRA/FBR.
3. Grace Period: You’ll have a 3-month grace period before starting repayments.
4. Repayment Terms: After the grace period, repayments will begin at a minimum of 5% of the outstanding balance each month. The loan is to be repaid over 24 equal monthly installments.
5. Usage Restrictions: The funds should be used exclusively for business purposes. Personal expenses will not be allowed.

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Charges and Fees

While the CM Punjab Asaan Karobar Card offers interest-free loans, there are some charges to be aware of:

1. Annual Card Fee: An annual fee of 25,000 PKR + Federal Excise Duty FED is charged for the card.
2. Additional Charges: The card may also have additional charges for life assurance, card issuance, and delivery costs.
3. Late Payment Fees: Late payments will incur a fee as per the bank’s policy.

Security and Key Conditions

The CM Punjab Asaan Karobar Card comes with certain conditions to ensure responsible usage of funds:

1. Personal Guarantee: Borrowers are required to digitally sign a personal guarantee when applying for the card.
2. Life Assurance: Life assurance is included in the card package to provide financial security.
3. Physical Verification: A physical verification of your business premises will be conducted within 6 months of receiving the loan.
4. PRA/FBR Registration: You must complete PRA/FBR registration within 6 months after receiving the card.

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Benefits of the CM Punjab Asaan Karobar Card

The CM Punjab Asaan Karobar Card brings many benefits to small business owners:

1. Interest-free Loans: Access interest-free loans to help grow your business without the burden of high-interest rates.
2. Flexible Repayments: With easy and flexible repayment terms, you can manage your finances effectively.
3. Digital Platform: Use the card for digital payments, making transactions easier and more transparent.
4. Business Support: Funds can be used for essential business expenses, such as paying vendors, taxes, and suppliers, ensuring smooth operations.
5. Transparency: The card promotes transparency in how the funds are used, ensuring they are used strictly for business purposes.

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Conclusion

The CM Punjab Asaan Karobar Card is an excellent opportunity for small entrepreneurs in Punjab to access interest-free loans and grow their businesses. With a simple application process, flexible repayment terms, and a digital platform for managing funds, this card offers the support that entrepreneurs need to succeed.

This article has given you complete details in simple words so that you can complete your registration process in the business card based on your details. Follow the steps given to complete the registration process in the business card so that it is easy for you to assess the information and you can get all the details sitting at home.

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FAQs

1. How do I check if I am eligible for the CM Punjab Asaan Karobar Card?

You can check your eligibility by visiting the official website and filling out the online application form. Ensure you meet all the eligibility criteria mentioned in the guidelines.

2. How do I repay the loan?

Repayments start after the 3 month grace period, and you will need to pay a minimum of 5% of the outstanding balance each month. The total loan must be repaid in 24 equal installments.

3. Can I use the loan for personal expenses?

No, the funds must be used strictly for business-related expenses only. Any personal use of the funds is not allowed.

4. What is the interest rate on the loan?

The CM Punjab Asaan Karobar Card offers an interest-free loan, making it an affordable financing option for entrepreneurs.

5. How can I contact support for assistance?

You can contact the helpline at 1786 for support or visit the official website for more details and inquiries.