Asaan Karobar Finance Register Now at Portal akf.punjab.gov.pk

The Asaan Karobar Finance program is a groundbreaking initiative launched by the Punjab government to boost the local economy by supporting small and medium enterprises (SMEs). Aimed at fostering economic growth through entrepreneurship, this program provides interest-free loans, aiding in business expansion, modernization, and startup funding.

Why Apply for Asaan Karobar Finance?

1. Interest-Free Loans: Whether you are starting a new business or looking to expand your existing one, Asaan Karobar Finance offers loans without any interest, reducing the financial burden on entrepreneurs.
2. Support for SMEs: The program specifically targets small and medium-sized enterprises, providing them with the necessary financial support to thrive in competitive markets.
3. Diverse Funding Categories: Loans are available for various purposes including startup funding, business expansion, modernization, working capital, and leasing of commercial logistics.

Eligibility Criteria

To be eligible for the Asaan Karobar Finance, applicants must:

• Be small enterprises with annual sales up to PKR 150M or medium enterprises with sales between PKR 150M and PKR 800M.
• Be between the ages of 25-55 years.
• Be active FBR tax filers with a clean credit history.
• Have a business located in Punjab with a valid CNIC and NTN.
• Own or rent the business premises.

How to Register for Asaan Karobar Finance

Registering for Asaan Karobar Finance is straightforward. Follow these steps to get started.

1. Visit the Official Portal: Go to akf.punjab.gov.pk to access the Asaan Karobar Finance portal.
2. Create an Account: Click on ‘REGISTER NOW’ if you are a new user. Fill in the required fields such as CNIC number, business details, and contact information.
3. Fill Out the Application Form: Complete the application form by providing details about your business, personal information, and the required loan details.
4. Submit Necessary Documents: Attach all necessary documents such as a copy of your CNIC, NTN certificate, and proof of business ownership or rental agreement.
5. Review and Submit: Double-check your information for accuracy and submit your application.

Fill out the below application form carefully and submit for registration.

Loan Details and Repayment

• Loans range from PKR 1M to 30M with varying security requirements and are payable over up to 5 years.
• The program offers a grace period of up to 6 months for startups and 3 months for existing businesses.
• Repayment is in equal monthly installments, with specific terms based on the approval.

Summary

The Asaan Karobar Finance program represents a significant opportunity for entrepreneurs in Punjab to secure the financial support they need to grow their businesses without the burden of interest. By providing easy access to funds, the program not only helps individual businesses but also contributes to the broader economic development of the region. Register now at akf.punjab.gov.pk to take the first step towards financial empowerment and business success.

Read This Also: Register Now For Asaan Karobar Card at Portal akc.punjab.gov.pk

Frequently Asked Questions (FAQs)

1. What is Asaan Karobar Finance?

Asaan Karobar Finance is an initiative by the Punjab government offering interest-free loans to support small and medium enterprises (SMEs). It aims to encourage entrepreneurship and economic growth in Punjab by providing financial aid for startups, business expansions, and modernizations.

2. Who can apply for loans under the Asaan Karobar Finance program?

Eligible applicants include:

• Small enterprises with annual sales up to PKR 150 million.
• Medium enterprises with annual sales between PKR 150 million and PKR 800 million.
• Individuals aged 25-55 who are active FBR tax filers with a clean credit history.
• Residents and business owners in Punjab with a valid CNIC and NTN.

3. What types of loans are available through this program?

The program offers loans for various purposes including:

• Startup funding for new businesses.
• Expansion, modernization, or working capital for existing businesses.
• Leasing for commercial logistics.
• Climate-friendly business initiatives under RECP Technologies.

4. How do I register for Asaan Karobar Finance?

For registration follow the below steps.

• Visit the official portal at akf.punjab.gov.pk.
• Click on ‘REGISTER NOW’ to create a new account.
• Fill out the application form with your business and personal details.
• Attach the required documents and submit your application.

5. What are the repayment terms for Asaan Karobar Finance loans?

Loans must be repaid in equal monthly installments according to the terms approved. The tenure can be up to 5 years, and there are different grace periods for new and existing businesses.

6. Are there any fees associated with these loans?

Yes, there is a processing fee that varies depending on the loan tier:

• PKR 5,000 for loans from PKR 1 million to 5 million.
• PKR 10,000 for loans from PKR 6 million to 30 million. Additional costs like insurance, legal, and registration charges may apply as per actual costs.

7. How can I ensure my application is successful?

To increase your chances of approval follow below instructions.

• Ensure all provided information is accurate and complete.
• Attach all required documents, such as CNIC, NTN certificate, and proof of business ownership or rental agreement.
• Check your eligibility and apply only if you meet all criteria.
• Submit your application through the official Asaan Karobar Finance portal.