CM Punjab Asaan Karobar Scheme
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About Program
Key Features
- Maximum Limit: PKR 1 million
- Tenure of Loan: 03 Years
- Loan Type: Revolving credit facility for 12 months
- Repayment Term: 24 equal monthly installments after the first year
- Grace Period: 3 months from card issuance for repayment commencement
- Usage:
- Vendor and supplier payments
- Utility bills, government fees, and taxes
- Cash withdrawal (up to 25% of the limit) for miscellaneous business purposes
- Digital transactions through POS and mobile app
- End-User Interest Rate: 0%
Eligibility Criteria
- All Small Entrepreneurs (SEs) in Punjab
- Age: 21 to 57 years
- Pakistani National, resident in Punjab
- Valid CNIC and mobile number registered in the applicant's name
- Existing or prospective business located in Punjab
- Satisfactory credit and psychometric assessment
- Only one application per individual and business
- Clean credit history with no overdue loans
How to Apply?
- Applications submitted digitally via PITB portal.
- Non-refundable processing fee: PKR 500
- Digital verification of CNIC, creditworthiness and business premises conducted by authorized agencies.
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Loan Usage and Repayment Details
- First 50% Limit: Available for use within the first 6 months
- Grace Period: 3 months after card issuance
- After 3 months, borrower shall start paying monthly installments, with a minimum monthly payment of 5% of the outstanding loan balance (principal portion only)
- Second 50% Limit: Released upon satisfactory usage, regular repayments and registration with PRA/FBR
- Funds are restricted to business-related purposes. Non-essential transactions (e.g. personal consumption, entertainment) are blocked
- The remaining balance after the first year is repaid over 2 years in Equal Monthly Installments (EMIs)
Charges / Fees:
- Annual Card Fee: PKR 25,000 + FED to be recovered from obligor’s approved limit
- Additional Charges: Life assurance, card issuance and delivery charges covered by the scheme
- In case of late payment of installments, late Payment Charges would be recovered as per Bank’s Policy / Schedule of Charges
Security Details:
- Personal guarantee digitally signed by the borrower
- Life assurance included in the portfolio
- Urban Unit conducts physical verification of business premises within 6 months of loan approval and annually thereafter
Key Conditions:
- Funds usage restricted to core business activities; non-business-related transactions are blocked
- Registration with PRA/FBR is mandatory within six months of card issuance.
- Applications are limited to one per individual/business
Additional Support for Applicant:
- Feasibility Studies: Available on PSIC and BOP websites for startups and new businesses.
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Helpline
- 1786
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