Asaan Karobar Card Eligibility Criteria Updated
Asaan Karobar Card Eligibility Criteria Updated: Punjab Chief Minister Maryam Nawaz Sharif has launched a new program to boost the economy of the poor people facing difficulties, which has been introduced under the name of Asaan Karobar Scheme. Under this program, interest-free loans for traders are provided by the Punjab government to grow small and large-scale businesses, which are given to eligible people in the wake of Maryam Nawaz.
You Can Also Read: CM Punjab Asaan Karobar Card Scheme Online Apply
And you do not need to give any additional money to repay it You can repay it easily because you are given a long period to repay it. You can repay it within 3 years. There are many people who have obtained this loan and now it has been made even easier for new people to join this program and in this article you are being told about its new criteria.
Objectives Of Assan Karobar Card
This program has many benefits. This program provides interest-free loans to beneficiary households so that they can expand their businesses or ease their difficulties. After applying for this scheme, loans can be obtained immediately. Furthermore, you have also been provided with details about the eligibility criteria for this program, from which you can assess your eligibility.
- The aim of this program is to provide loans to small and large businesses to expand
- and promote basic and social development
- Through this program, the ability to empower skilled individuals is provided.
- Loans of up to 1 million are also provided for startup businesses.
- This scheme has been opened to all sectors.
Eligibility Criteria Updated For Geting Loan
A major change has been made in the criteria of this program because there were many people who wanted to get a loan but they were deprived of getting a loan due to not meeting the criteria. Therefore, the Government of Punjab has made some changes in its criteria, which is very important for you to know. But now if you meet the criteria, you can easily benefit from this scheme. The remedies are given below to know, then if you read in detail yourself.
- The applicant must have an original national identity card.
- Small businesses with revenues between 150 million.
- And you have not obtained a loan from any bank or institution.
- And if you have achieved it, you have filled all these people.
- And besides this, you should also have proof of Punjab’s citizenship.
- There must also be a filer tax on FBR.
If you meet the following criteria, you can easily enter your information to apply for this program. If you do not know the application process, let us tell you. The process of joining this program is also very easy and simple. Maryam Nawaz Sharif has introduced a registration form to make the registration criteria transparent, which allows you to submit your details from home.
You Can Also Read: CM Punjab Approves Asan Karobar Finance Scheme For Loan
CM Financial Karobar Scheme Loan Details
If you also want to get help from this program, then you should register yourself soon. You do not need to face any kind of problem for registration, nor do you need to go to any institution and get it directly because you can register under the registration form after making a request, the complete procedure of which is being told to you here and some important information is also being provided, which you should know in detail before getting a loan.
Tier 1: 1-5 Millions
Tier 2: 6-30 Millions
So that you do not have to face any kind of problems and you can easily repay this amount after getting the loan, here you are also being told how much loan will be provided to you under this scheme and what conditions you need to follow to repay it.
Repayment Terms and Condition loan Scheme
The terms and conditions of the loan repayment of the Punjab Chief Minister’s Assan Karobaar Scheme are as follows:
- Loan Amount: The loan amount can range from Rs 1 lakh to Rs 3 crore, depending on the nature and need of the business.
- Interest Rate: The most unique aspect of this scheme is that no interest is charged in it. That is, the loan is given without interest, which is a special feature.
- Loan Tenure: loan tenure can be up to 5 years, and a grace period is also provided, meaning a few months are given before the loan repayments start.
How To Apply For CM Loan Scheme
To join this program, you need to find the application form, which you can find in any browser, and then you can easily proceed with the verification process by submitting your details with the help of the application form Then as soon as the verification is possible, you will receive a message on your registered phone number and after that, your loan amount will also be provided to you.
- In this form, first you have to enter your full name
- Then enter your father’s or husband’s name
- Then enter the applicant’s CNIC number exactly
- Then you need to write the date of birth on the CNIC
- Then the date of issue of the CNIC is also required
- Then you have to write the expiry date of the CNIC
- And then select which network you are using
- Then you need to write the mobile code number
- And finally enter the registered SIM number on the CNIC
- After confirming by entering any eight-digit password.
Then your application will be sent to the next steps. You then have to enter your details in the next steps, including your household information and business information, etc. Then your application process will be completed and you will be sent a confirmation message to your registered number within a few days.
You Can Also Read: Maryam Nawaz Relief Package Registration Through PSER Survey
Conclusion
If you need any further information, you can contact the 1786 helpline to get all your details and also get information about your status. Remember that this program is only for people in Punjab and their business should be in the areas of Punjab.
FAQS
How To Apply For Punjab Assan Karobar Card
To join this program, you need to enter your details in the registration form, including your national identity card and other information.
Who Can Get Benefit From This Program
Only those individuals who are residents of Punjab and whose business is also located in the areas of Punjab can benefit from this program.