The Authorities of Punjab has efficiently concluded the web software part for the CM Punjab Asaan Karobar Card, a flagship scheme launched to assist small and medium-sized enterprises (SMEs) with interest-free loans. The initiative, launched underneath the management of Chief Minister Punjab, goals to spice up entrepreneurship and financial self-reliance within the province.
The CM Punjab Asaan Karobar Card apply on-line course of was hosted on the official Punjab Info Expertise Board (PITB) portal, the place eligible residents might register utilizing their CNIC and cellular quantity. The method included a non-refundable price of Rs. 500 and required submission of non-public, enterprise, and monetary particulars.
In response to the federal government, the CM Punjab Asaan Karobar Card mortgage affords monetary help of as much as Rs. 10 lakh (1 million rupees) with zero curiosity. The mortgage tenure is three years, with a 12-month revolving credit score facility and a grace interval of three months. The funds can be utilized for enterprise necessities reminiscent of vendor funds, utility payments, and gear purchases.
The CM Punjab Asaan Karobar Card final date to submit functions was March 31, 2025. Hundreds of candidates from throughout Punjab accomplished their registration earlier than the deadline. Authorities have confirmed that no extensions had been granted, making the CM Punjab Asaan Karobar Card final day for software closing. The scheme is now within the processing and disbursement part.
Solely people aged 21 to 57 years, residing in Punjab with a clear credit score historical past, had been eligible. Candidates should even be registered tax filers, and their companies have to be positioned inside Punjab.
Residents looking for help or updates can contact the CM Punjab Asaan Karobar Card helpline quantity, which is 1786. The helpline is energetic for queries associated to software standing, documentation, and mortgage distribution procedures.
The Asaan Karobar Card is a part of Punjab’s broader financial uplift technique, specializing in empowering youth and small merchants. Whereas the appliance part has ended, future rounds of this system could also be introduced later this yr.