Requirements to Apply Asaan Karobar Card (AKC Punjab)

The Asaan Karobar Card (AKC) is a revolutionary initiative by the Government of Punjab to empower small entrepreneurs and startups with easy access to interest-free loans. Through a fully digital SME card, entrepreneurs in Punjab can now grow their businesses, manage expenses transparently, and enjoy financial stability without the burden of high-interest costs.

If you are looking for details like asan karobar card, asaan karobar card login, or the official akc punjab gov pk login, this article will guide you step by step.

About the Program

The Asaan Karobar Card scheme offers loans up to PKR 1 million, completely interest-free. The entire process, from application to usage, is managed digitally through mobile apps, POS systems, and online channels. This ensures transparency, accountability, and ease of access for all small business owners in Punjab.

Main Benefits of AKC Punjab:

• Maximum Loan Limit: PKR 1,000,000

• Loan Tenure: 3 Years

• Credit Facility: Revolving credit for 12 months

• Repayment: 24 equal monthly installments after the first year

• Grace Period: 3 months from card issuance

• Interest Rate: 0% (absolutely interest-free)

Key Features of Asaan Karobar Card

1. Flexible Usage – Funds can be used for:

   • Payments to vendors and suppliers

   • Utility bills, government taxes, and fees

   • Cash withdrawals (up to 25% of limit)

   • Digital payments via POS and mobile apps

2. Repayment Plan

   • First 50% of the loan limit is available during the first 6 months.

   • After the 3-month grace period, repayments begin in equal installments.

   • The second 50% of the limit is released after successful usage and PRA/FBR registration.

3. Charges and Fees

   • Annual Card Fee: PKR 25,000 + FED (deducted from approved limit).

   • Processing Fee: PKR 500 (non-refundable).

   • Life assurance, card issuance, and delivery charges covered by the scheme.

Eligibility Criteria

To apply for the asan karobar card, you must meet the following requirements:

• Age between 21 to 57 years.

• Must be a Pakistani National residing in Punjab.

• Have a valid CNIC and registered mobile number.

• Business (existing or new) must be located in Punjab.

• Clean credit history with no overdue loans.

• Satisfactory credit and psychometric assessment.

• Only one application per person/business is allowed.

Security & Verification

• Personal Guarantee – Borrower provides a digital guarantee.

• Life Assurance – Included under the scheme.

• Business Verification – Urban Unit will verify business premises within 6 months and annually.

• Mandatory PRA/FBR Registration – Required within 6 months of issuance.

How to Apply for Asaan Karobar Card?

The application process is completely digital and simple:

1. Visit the official portal: akc.punjab.gov.pk login.

2. Create your account and proceed with asaan karobar card login.

3. Submit your CNIC and required details.

4. Pay the processing fee of PKR 500 online.

5. Wait for digital verification of CNIC, business premises, and creditworthiness.

6. On approval, your Asaan Karobar Card will be issued for business use.

Loan Usage & Repayment Rules

• First 50% of Loan Limit: Usable in the first 6 months.

• Grace Period: 3 months before repayments begin.

• Minimum Monthly Payment: 5% of outstanding principal balance.

• Second 50% of Loan Limit: Released after good repayment history and PRA/FBR registration.

• Repayment Duration: Balance is repaid in equal monthly installments over 2 years.

• Usage Restrictions: Funds strictly for business (personal or entertainment expenses blocked).

Why Choose Asaan Karobar Card?

• Zero Interest Loans – Relief for startups and small businesses.

• Digital & Transparent – No middlemen, complete online process.

• Financial Empowerment – Up to PKR 1 million available.

• Business Growth – Support for vendors, suppliers, taxes, and utilities.

• Government-Backed Security – Safe and reliable.