Karobar Card Loan Scheme Punjab
The Karobar card scheme was launched by Maryam Nawaz to eliminate poverty and provide employment to the youth. Through Karobar card, loans will be given to the youth, that too without interest, so that the youth can start their own business with this loan. And after that, they can find a good job for themselves. Those families who are close and want to get a good job for themselves, then they have come to the right place.
They are told that they can get a loan amount without interest for a good job for themselves, that too from the scheme issued by Maryam Nawaz. If you also want to benefit from the scheme, then follow the steps given to benefit from the scheme.
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The Punjab Government has introduced the Karobar Card Loan Scheme 2025 to empower small and medium-sized businesses by providing interest-free loans. This initiative aims to support entrepreneurs, reduce unemployment, and boost economic growth in Punjab. Eligible businesses can receive loans of up to 30 million with flexible repayment terms. This article provides a comprehensive guide to help you understand and apply for the scheme.
What is the Karobar Card Loan Scheme?
The Karobar Card Loan Scheme is a financial initiative launched by the Punjab Government to provide interest-free loans to small and medium enterprises (SMEs). The goal is to help businesses expand, promote entrepreneurship, and strengthen Punjab’s economy by eliminating financial barriers.
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- Empowering SMEs and startups.
- Interest-free loans for easy repayment.
This scheme is especially helpful for young entrepreneurs, low-income families, and IT startups, giving them the financial push needed for business growth.
This is a program that provides loans to young people for business and there is no interest at all and you can repay this loan in easy installments. You do not need any special experience for this loan.
Features of the Karobar Card Loan Scheme
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- Loan Amount: Up to PKR 30 million
- Interest Rate: 0% Completely Interest-Free
- Repayment Period: Flexible up to 7 years
- Digital Management: Managed via the Karobar Card for secure and easy transactions
- Target Audience: Small and medium businesses, startups, and IT enterprises
Benefits of the Karobar Card Loan Scheme
The Karobar Card Loan Scheme offers multiple advantages for eligible businesses:
- Financial Support: Provides interest-free loans, reducing financial stress for entrepreneurs.
- Encourages Entrepreneurship: Empowers small business owners and startups.
- Job Creation: Increased business growth leads to more job opportunities in Punjab.
- Digital Management: Loans are managed digitally through the Karobar Card.
- Economic Growth: Boosts Punjab’s economy by supporting local businesses.
These benefits make the scheme an excellent opportunity for businesses seeking financial support without the burden of interest payments.
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Eligibility Criteria for Karobar Card Loan Scheme
To ensure the loans reach the deserving businesses, the Punjab Government has set specific eligibility requirements:
- Residency: Must be a permanent resident of Punjab.
- Business Registration: The business must be registered in Punjab.
- Age Limit: Applicants must be between 18 to 55 years old.
- Target Groups: SMEs, startups, low-income families, and IT businesses.
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Required Documents for Application
To apply for the Karobar Card Loan Scheme, you need to prepare the following documents:
- Valid CNIC: Proof of identity and residency.
- Proof of Residence: Utility bill or rent agreement confirming Punjab residency.
- Business Registration Certificate: Proof of an officially registered business.
- Bank Statements: Last 6 months of financial records.
- Business Plan: A detailed plan explaining how the loan will be utilized.
- Photographs: Two recent passport-sized photos.
Ensuring you have all the required documents will speed up the application process.
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Step-by-Step Guide to Apply for the Karobar Card Loan
Applying for the Karobar Card Loan Scheme is simple and can be done online:
- Visit the Official Website: Go to rozgar.psic.punjab.gov.pk.
- Create an Account: Register with your email and mobile number.
- Fill the Application Form: Enter personal and business details.
- Upload Required Documents: Attach the necessary documents mentioned above.
- Submit Your Application: Review your details and submit the form.
- Loan Disbursement: Once approved, you will receive the loan amount through your Karobar Card.
Loan Amount and Repayment Terms
The loan amounts and repayment terms are as follows:
- Small Loans: Up to 1 million for small businesses.
- Medium Loans: Up to 3 million for medium enterprises.
- Large Loans: Up to 30 million for established businesses.
Repayment Terms:
- Interest-free loan with a repayment period of up to 7 years.
- No hidden charges or fees during the application process.
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Impact on Punjab’s Economy and Entrepreneurship
The Karobar Card Loan Scheme has a significant positive impact on Punjab’s business landscape:
- Encourages Innovation: Supports tech startups and innovative ideas.
- Boosts Employment: More businesses lead to job creation.
- Reduces Poverty: Financial support for low-income families.
- Strengthens the Economy: Increased business activity contributes to economic growth.
Conclusion
The Karobar Card Loan Scheme Punjab 2025 is a groundbreaking initiative by the Punjab Government designed to support small and medium enterprises by providing interest-free loans. With easy eligibility, flexible repayment terms, and digital management, it’s a golden opportunity for businesses to thrive. Entrepreneurs are encouraged to prepare their business plans and apply through the official portal.
The purpose of creating this article is so that you can get a loan for yourself. If you want to get a loan and complete the registration process in the business card, then you have come to the right place. Here you will be told how you will be able to get a loan and how to complete your registration process in the business card. For more information and details, see the article on the website.
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FAQs
Who can apply for the Karobar Card Loan Scheme?
Entrepreneurs residing in Punjab with a registered business can apply.
Is the loan completely interest-free?
Yes, all loans under this scheme are interest-free.
Can startups apply for this loan?
Yes, startups with a solid business plan can apply.
What is the maximum loan amount I can apply for?
Up to 30 million.
How can I apply for the loan?
Visit the official portal at rozgar.psic.punjab.gov.pk and follow the steps mentioned above.