CM Punjab Asaan Karobar Scheme 2026

Are you operating a factory, manufacturing unit, or an expanding business that requires substantial funding for growth? While the Asaan Karobar Card is suitable for day-to-day business needs, larger enterprises often require higher financial support. To meet this demand, the Punjab Government has launched the CM Punjab Asaan Karobar Finance Scheme.

This initiative is a specialized SME business financing program aimed at Small and Medium Enterprises seeking loans from Rs. 10 Lakh up to Rs. 1 Crore (10 Million). Introduced under the leadership of Chief Minister Maryam Nawaz, the scheme provides low-markup financing, making it far more affordable than traditional bank loans.

Whether your goal is to purchase advanced machinery, expand storage facilities, or install solar energy systems, the CM Punjab Asaan Karobar Scheme offers a reliable financing solution. This guide explains the complete eligibility criteria, markup structure, and step-by-step process for applying for a Punjab Government business loan online.

The CM Punjab Asaan Karobar works as an advanced version of the Asaan Karobar Card and is meant for businesses that are already established and ready to scale up. It is designed to provide growth-focused funding, not startup support.

Loan Type: Term financing, where the approved amount is released at once for a defined business need.
Loan Amount: Starting from Rs. 10 Lakh and going up to Rs. 1 Crore.
Repayment Period: Up to 5 years, including a 6-month grace period before repayments begin.
Usage: Funds can be used for purchasing machinery, commercial vehicles, factory land, or managing business working capital.

Benefits & Key Features

Why is this scheme a better option than a normal bank loan?

Lower Interest Cost:
The main benefit is the reduced interest rate. Unlike commercial banks that usually charge 22–25%, the Punjab Government covers part of the markup, making this financing much more affordable for SMEs.

Flexible Repayment Time:
Businesses are given up to five years to clear the loan, which helps keep monthly installments manageable and cash flow stable.

Limited or No Collateral Options:
For smaller loan amounts, financing may be offered without strict collateral requirements, depending on your business revenue and financial record.

As this is a high-value commercial financing program, the eligibility checks are more detailed compared to the card-based scheme.

Eligible Applicants: Small and Medium Enterprises operating in manufacturing, trading, or service sectors.
Residence Requirement: Applicants must be permanent residents of Punjab and hold a valid CNIC.
Tax Compliance: A valid NTN is required, and the applicant must be listed as an active tax filer.
Business Experience: The business should have been running successfully for at least 1–2 years.
Financial Strength: Applicants must submit a solid bank statement that reflects stable cash flow and repayment capacity.

Unlike the card-based program, Asaan Karobar Finance generally requires security to ensure the safety of public funds.

For medium-sized financing, banks may require personal guarantees from financially reliable individuals.
For Higher Loan Amounts (Above Rs. 50 Lakh): The Bank of Punjab (BOP) usually requires a mortgage on residential or commercial property, such as a house, shop, or plot.

The entire application process is online, which helps maintain transparency and proper verification. Follow the steps below to apply for Asaan Karobar Finance through BOP:

1. Prepare a Business Plan:
   Before starting, write a brief explanation of why you need the loan and how it will help grow your business revenue.
2. Visit the Official Portal:
   Go to the government’s official website:
   https://akf.punjab.gov.pk
3. Create an Account:
   Register yourself using your CNIC and basic personal details.
4. Choose the Correct Category:
   Select Asaan Karobar Finance (Tier 2 / Tier 3) and make sure you do not choose the Card option.
5. Provide Financial Information:
   Enter details such as your annual turnover, profit figures, and any existing loans or liabilities.
6. Upload Required Documents:
   Submit scanned copies of your CNIC, tax returns, and recent bank statements.
7. Final Submission & Verification:
   After submission, a Relationship Manager from the Bank of Punjab (BOP) will contact you and visit your business premises for physical verification.

Q1: Who can apply for Asaan Karobar Finance?
A: SMEs in Punjab that have been operational for 1–2 years, are active tax filers, and hold a valid CNIC.

Q2: What is the loan amount range?
A: Loans start from Rs. 10 Lakh and can go up to Rs. 1 Crore, depending on business needs.

Q3: What is the repayment period?
A: The loan can be repaid over 5 years, including a 6-month grace period before repayment starts.

Q4: Do I need collateral for this loan?
A: Medium loans may need personal guarantees, while loans above 50 Lakh usually require a property mortgage.

Q5: Where do I apply online?
A: Submit your application through the official portal: https://akf.punjab.gov.pk

Q6: Can I use this loan for machinery and expansion?
A: Yes, the funds can be used for buying machinery, vehicles, factory land, or working capital.