Assan Karobar Finance Scheme Phase-II

Last updated on June 5th, 2025 at 09:32 am

Assan Karobar Finance Scheme Phase 2 has been initiated by the Government of Punjab to transform interest-free business loans into an opportunity for small and medium-scale enterprises (SMEs) in Punjab. Known as the Maryam Nawaz loan scheme Phase 2, it will take further strides as, by expanding the financial scope, it will give opportunities to thousands of entrepreneurs in this province. The scheme is specifically designed for stimulating the economy, creating jobs, and strengthening the ecosystem in Punjab with new entrepreneurial ideas. 

The Asan Karobar Finance Scheme Phase 2 is a government-backed loan program for small and medium enterprises (SMEs) in Punjab. Announcing this scheme, CM Punjab Maryam Nawaz Sharif informed that it would release loans of around Rs. 100 billion, covering about 24,000 SMEs. 

پنجاب حکومت نے آسان کاروبار فنانس اسکیم فیز 2 کا آغاز کیا ہے، جسے مریم نواز قرض اسکیم بھی کہا جاتا ہے۔ اس اسکیم کا مقصد پنجاب میں چھوٹے اور درمیانے درجے کے کاروبار (SMEs) کو بلاسود قرض فراہم کر کے روزگار کے مواقع پیدا کرنا اور معیشت کو مضبوط بنانا ہے۔ اس منصوبے کے تحت 100 ارب روپے کے قرض جاری کیے جائیں گے، جن سے تقریباً 24,000 کاروبار مستفید ہوں گے۔ یہ اسکیم نئے کاروباری خیالات کو فروغ دینے، کاروباری نظام کو مستحکم کرنے اور ہزاروں کاروباری افراد کو مالی سہولت دینے کے لیے تیار کی گئی ہے۔

Overview of the scheme, Punjab Asan Karobar Card Phase 2

The scheme provides interest-free loans that are repaid on demand up to Rs. 30 million, has tenures going up to five years, and flexible plans of installments. It is designed to be all-inclusive, from the agriculture sector to manufacturing, trade, and services in its scope. The Punjab government loan scheme focuses on providing easier access to finance, especially for new startups and existing businesses wanting to include expansions in or modernization of operations. One major feature of Phase 2 is the CM Punjab Asan Karobar Card Phase 2, which is a digital SME card meant to give loans up to Rs. 1 million to small entrepreneurs. Furthermore, this card will allow the money to be dispensed and accounted for in bulk over digital platforms like apps and POS systems.

Assan Karobar Finance Scheme Eligibility Criteria and Details

Eligibility Criteria for Citizens to get an interest-free loan under the Assan Karobar Finance Scheme Phase 2 are:

• Age between 25 and 55 years.
• Pakistani citizen residing in Punjab.
• CNIC valid and registered mobile number.
• Ownership or rent agreement of business premises within Punjab.
• Clean credit history with satisfactory credit and psychometric assessment.
• Businesses should be operational or be planned within the Punjab province.

Assan Karobar Card loan structure is divided into two tiers:

• Tier-1 (T1): Unsecured loans up to Rs. 5 million, which need personal guarantees.
• Tier-2 (T2): Secured loans of Rs. 5 million to Rs. 30 million, which require collateral.

This scheme has grace periods of up to six months for new businesses (Greenfield) and three months for existing businesses (Brownfield). Repayment installments are intended to be affordable, with at least a minimum of 5% of the outstanding loan balance as monthly payment amount after the grace period.

How to Apply for the Asan Karobar Finance Scheme Phase 2

The application procedure for Asan loans is fully digitized for ease and transparency. Applicants can apply directly on the official portal and through the CM Punjab Asan Karobar Card platform. The application steps are:

• Registration: Profile registration with their personal and business details.
• Loan Details: Amount and purpose of the loan required.
• Business information: Provide details of business sector location and operational status.
• Financial Information: Financial documents bank statements as applicable with other requirements.
• References and Documentation: Upload necessary identification and business documents.
• Submission: Review and submit to the application form for verification.

After submission, application undergoes a credit and psychometric assessment. After clearing all hurdles, the loan is approved and disbursed using digital channels, ensuring efficient access to cash.

Role of CM Punjab Maryam Nawaz and Government Support

This phase reflects the Punjab government’s proactive attitude towards a recovery in the economy and the empowerment of SMEs. According to CM Maryam Nawaz Sharif, entrepreneurs need to be supported, or else jobs will not be created and poverty, as well as exports, reduced. The government is also providing free land and infrastructure support in industrial estates in Sialkot, Gujrat, and Quaidabad, further subsidizing the financial assistance offered by these schemes.

یہ مرحلہ پنجاب حکومت کے معیشت کی بحالی اور کو بااختیار بنانے کے عملی اقدامات کی عکاسی کرتا ہے۔ وزیر اعلیٰ مریم نواز شریف کے مطابق اگر کاروباری افراد کی مدد نہ کی گئی تو نہ روزگار پیدا ہوگا اور نہ ہی غربت اور برآمدات میں کمی آئے گی۔ حکومت سیا لکوٹ، گجرات اور قائدآباد کے صنعتی زونز میں فری زمین اور بنیادی ڈھانچے کی سہولیات بھی فراہم کر رہی ہے، تاکہ ان اسکیموں کے تحت دی جانے والی مالی معاونت کو مزید مؤثر اور سودمند بنایا جا سکے۔ یہ اقدامات کاروباری ماحول کو فروغ دینے کے لیے اہم ہیں۔

Benefits Cm Punjab Asan Karobar Card Phase 2

1. Interest-free loans up to Rs. 30 million for qualified businesses.
2. Loan tenors of up to five years, along with grace periods (six months for startups and three months for existing businesses).
3. Dual-tier loan structure an unsecured loans up to Rs. 5 million (Tier-1), and secured loans ranging from Rs. 5 million to Rs. 30 million (Tier-2).
4. Assan Karobar Card for Significantly Transparency in Digital Disbursement and Monitoring.
5. Concessional business loans to facilitate empowerment of smaller and medium entrepreneurs. 
6. Account for economic growth with the setting up of new business and further development of existing businesses. 
7. Set up employment opportunities in the province.

Conclusion

The Asan Karobar Finance Scheme Phase 2 is a project by the Punjab government geared towards providing interest-free business loans and empowering small and medium enterprises all over the province. The scheme has a wide array of benefits, coupled with an easy application process and an extremely favorable government support under CM Maryam Nawaz. The scheme thus provides a golden opportunity for entrepreneurs to grow and sustain their businesses. Moving towards this visionary program, it shall set a further mark in the economic landscape, generate employment opportunities, and promote growth.

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