The Asan Karobar Finance Scheme, launched by the Punjab Small Industries Corporation (PSIC) and powered by the Punjab Information Technology Board (PITB), aims to provide accessible financial assistance to entrepreneurs and small business owners in Punjab. This initiative simplifies the loan application process, enabling individuals to secure funding for their business ventures through the official portal akc.punjab.gov.pk.
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Overview of the Asan Karobar Finance Scheme
The Asan Karobar Finance Scheme is designed to support small and medium-sized enterprises (SMEs) by offering streamlined access to financial resources. By reducing bureaucratic hurdles and leveraging technology, the scheme facilitates entrepreneurs in obtaining the necessary capital to start or expand their businesses.
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Eligibility Criteria for Asan Karobar Finance Scheme
To qualify for the Asan Karobar Finance Scheme, applicants must meet the following criteria:
- Valid CNIC: Possess a valid Computerized National Identity Card as per NADRA records.
- Age Requirement: Be between 21 and 57 years old.
- Residency: Be a resident of Pakistan.
- Registered Mobile Number: Have a mobile number registered with your CNIC.
How to Apply Online for Asan Karobar Finance Scheme
Follow these steps to apply online for the Asan Karobar Finance Scheme:
- Access the Official Portal: Visit the official Asan Karobar Card portal at akc.punjab.gov.pk.
- Register an Account:
- Click on the “Apply For Asaan Karobar Card” option.
- Enter your CNIC number and other required details.
- Create a secure password.
- Submit the registration form.
- Verify Your Mobile Number:
- An OTP (One-Time Password) will be sent to your registered mobile number.
- Enter the OTP on the portal to verify your number.
- Complete the Application Form:
- Log in to your account using your CNIC and password.
- Fill out the application form with accurate personal and business information.
- Upload any required documents, such as business plans or financial statements.
- Submit the Application:
- Review all entered information for accuracy.
- Submit the application form.
- You will receive a confirmation message upon successful submission.
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Key Details of the Asan Karobar Finance Scheme
| Detail | Information |
| Scheme Announcement Date | February 1, 2025 |
| Loan Amount Range | PKR 1 million to PKR 30 million |
| Repayment Terms | Up to 5 years |
| Processing Fee | PKR 5,000 for loans up to PKR 5 million; PKR 10,000 for loans above PKR 5 million |
| Grace Period | 3 months from card issuance for repayment commencement |
| Official Portal | akc.punjab.gov.pk |
| Helpline Number | 1786 |
Common Issues and Troubleshooting
- Forgot Password:
- Use the “Forgot Password?” link on the login page.
- Enter your CNIC and follow the instructions to reset your password.
- Mobile Number Not Registered:
- Ensure your mobile number is registered with your CNIC.
- Contact your mobile service provider to update registration details if necessary.
- Technical Issues with the Portal:
- Clear your browser cache and cookies.
- Try accessing the portal using a different browser or device.
- If issues persist, contact the helpline at 1786 for assistance.
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Conclusion
The Asan Karobar Finance Scheme represents a significant effort by the Punjab government to empower entrepreneurs and stimulate economic growth by providing accessible financial assistance. By leveraging the official portal akc.punjab.gov.pk, applicants can navigate a streamlined application process designed for efficiency and ease. Prospective applicants are encouraged to review the eligibility criteria, prepare necessary documentation, and apply within the specified dates to take advantage of this opportunity.
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