Asaan Karobar Card Scheme
Today, Punjab Chief Minister Maryam Nawaz Sharif started distributing cards and checks of the Asaan Karobar Card Scheme. Maryam Nawaz Sharif had recently started the registration of the Asaan Karobar Card Scheme.
Many people who belong to the business community of Punjab have applied for the Asaan Karobar Card Scheme to start their new business or improve their existing business. Maryam Nawaz Sharif announced that she would provide a loan of up to Rs 1 million to the business community of Punjab through this scheme, through which they will be able to improve their business.
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Today, in this article, we will inform you about the complete details of how you can check your eligibility for the Asaan Karobar Card Scheme provided by the Punjab Government and what are the loan repayment conditions and other details. So, read the article completely.
Loan Details Under the Asaan Karobar Card Scheme
Under the Asaan Karobar Card Scheme, Maryam Nawaz Sharif announced that eligible business owners will be provided loans of up to Rs 1 million (Rs. 10 lakh). The aim is to help them expand their businesses, invest in new opportunities, and improve their operations.
The loan repayment period has been set for three years, during which the beneficiaries will have to repay the loan in monthly installments. The Punjab government has ensured that the repayment terms are flexible, allowing businesses to repay their loans without unnecessary financial burden.
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Eligibility Criteria for the Asaan Karobar Card Scheme
To apply for the Asaan Karobar Card Scheme, you must meet the following eligibility criteria set by the Punjab government:
- Permanent Residency: You must be a permanent resident of Punjab.
- Valid CNIC: You should have a valid Computerized National Identity Card (CNIC) issued by the Government of Pakistan.
- Business Location: Your business must be located within the province of Punjab.
- Clear FBR Record: Your Federal Board of Revenue (FBR) record must be clear, with no pending tax issues.
- No Previous Loans: You must not have taken any loan from other banks or government programs for your business.
- Age Requirement: You must be at least 21 years old to qualify for the scheme.
- Business Use Only: The loan must strictly be used for business purposes, not for personal use.
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Registration Process & Fee Payment
The registration process for the Asaan Karobar Card Scheme is straightforward and accessible to all eligible applicants. Here are the steps to register:
- Pay the Processing Fee: A non-refundable fee of Rs 500 is required for registration.
- Payment Methods: This fee can be paid through a mobile account or a bank account for convenience.
- Complete the Application: Submit the necessary documents and complete the registration form.
Upon successful registration, applicants are notified via SMS or call from the Punjab government, informing them about the status of their loan application.
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Loan Disbursement and Check Distribution
The Punjab government has started distributing cheques to those who have successfully registered and met the eligibility criteria. If you have registered for the Asaan Business Card Scheme, you may receive a confirmation of your loan approval via SMS or phone call.
At a recent event, Punjab Chief Minister Maryam Nawaz Sharif personally distributed cheques to several business owners. These cheques can be cashed and used for business purposes, empowering local entrepreneurs to achieve their financial goals.
Loan Repayment Terms & Conditions
Beneficiaries of the Asaan Karobar Card Scheme must repay their loans according to the monthly installment plan set by the Punjab government. The loan must be repaid within a three-year period.
- Monthly Installments: The exact amount will be communicated to you upon loan approval.
- Late Payment Charges: If any installment is not paid on time, late fees will be applied as per the rules of the bank handling the loan.
- Bank Transfers: The loan amount will be transferred directly to your provided bank account, ensuring a secure and transparent process.
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Frequently Ask Questions (FAQs)
What is the Asan Karobar Card Scheme?
The Asan Karobar Card Scheme is a Punjab government initiative that provides loans of up to Rs 1 million to business owners for starting or expanding their businesses.
Who launched the Asan Karobar Card Scheme?
Punjab Chief Minister Maryam Nawaz Sharif launched the scheme to support the business community in Punjab.
How much loan can I get through the Asan Karobar Card?
Eligible business owners can receive a loan of up to Rs 1 million (Rs. 10 lakh).
What is the loan repayment period?
The loan must be repaid within three years through monthly installments.
Who is eligible for the Asan Karobar Card Scheme?
Applicants must be permanent residents of Punjab, have a valid CNIC, have a business located in Punjab, and have a clear FBR record.
How can I register for the Asan Karobar Card Scheme?
You need to pay a Rs 500 non-refundable fee, submit the required documents, and complete the registration form.
How will I know if my loan is approved?
Approved applicants will receive an SMS or phone call notification from the Punjab government.
How is the loan amount disbursed?
The approved loan amount is transferred directly to the applicant’s bank account.
Are there any late payment charges?
Yes, late payment fees apply if an installment is not paid on time, as per the bank’s policies.
Can the loan be used for personal expenses?
No, the loan must strictly be used for business purposes only.
Conclusion
The Asaan Karobar Card Scheme is a promising initiative by the Government of Punjab under the leadership of Maryam Nawaz Sharif, which aims to promote the growth of the business community through financial support.
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With the availability of loans of up to Rs 1 million, eligible business owners can now take advantage of this opportunity to grow and consolidate their ventures. If you are a business owner in Punjab, ensure that you meet the eligibility criteria and complete the registration process to benefit from this scheme. Use the Asaan Karobar Card to achieve your business goals.