What is the Asaan Karobar Scheme?
Asaan Karobar Scheme (AKC ) is a special initiative by the Punjab Government aimed at helping youth and small business owners. Under this scheme, you can get an interest-free loan ranging from PKR 100,000 to PKR 1,000,000 to support your business goals. Whether you’re starting a new venture or want to expand your current business, this scheme is designed to assist you in achieving financial stability.
Main Objective of the Scheme
The goal is to:
- Encourage entrepreneurship in Punjab
- Create job opportunities
- Support digital and formal businesses
- Uplift the province’s economy by empowering youth and startups
Key Features of Asaan Karobar Scheme
- Interest-Free Loans: No markup or hidden charges
- Loan Amount: From Rs. 1 lakh to Rs. 10 lakh
- Repayment Period: 3 years with a 3-month grace period
- Digital Transactions: Use via POS machines and mobile apps
- Business Use: For business expansion, bill payments, vendor transactions, and partial cash withdrawal (25% of the limit)
Who Can Apply? – Eligibility Criteria
Before you apply, check if you meet the following conditions:
Age & Residency
- Must be between 21 to 57 years old
- Must be a permanent resident of Punjab
Business Criteria
- Business must be located in Punjab
- Must have clean credit history
- One application per individual or business
Documents Required
- Valid CNIC
- Registered mobile number
- Business must be registered with PRA or FBR within 6 months of loan approval
Assessments
- You will need to pass a credit check
- You may have to complete a psychometric test
Asaan Karobar Scheme Application Status Check Online?
If you’ve already applied, here’s a simple method to check your status online:
Step-by-Step Process:
🖥 Step 1: Visit the Official Website
Go to the portal: 👉 akc.punjab.gov.pk
🔐 Step 2: Log In to Your Account
Use your id card and the password you created during registration.
📄 Step 3: Click on “Application Status”Check whether your status shows:
- Pending
- Approved
- Rejected
- Requires Additional Documents
📥 Step 4: Follow Up If Required
If your application is incomplete or needs more documents, upload them as soon as possible. Regularly check the portal for updates.
Common Reasons for Application Rejection
To avoid rejection, take care of these common issues:
- 📌 Wrong Age/Residency – Outside age limit or not from Punjab
- 📌 Bad Credit History – Overdue loans or bad repayment record
- 📌 No Registration – Not registering business with PRA/FBR within 6 months
Tips for a Successful Application
- ✔️ Verify Eligibility before applying
- ✔️ Upload All Documents carefully
- ✔️ Register Business with PRA/FBR as early as possible
- ✔️ Check Application Status frequently
- ✔️ Follow Instructions from the portal on time
How Long Does It Take?
The approval process usually takes 4 to 6 weeks. During this time, make sure your documents are complete and your contact details are up to date.
Helpline & Support
For any help, call the official helpline:
📞 0800-02345
Or visit the official site: akc.punjab.gov.pk
🔚 Conclusion
The Asaan Karobar Scheme is an excellent opportunity for the people of Punjab to start or grow their businesses without worrying about interest-based loans. It is not just a financial tool, but a path towards economic independence, youth empowerment, and business development.
👉 If you are eligible, don’t miss out on this chance. Apply now, and if you’ve already applied, follow the steps mentioned above to check your application status online.
Let your business dreams take flight with the support of the Punjab Government.
FAQs – Asaan Karobar Scheme Application
How can I check my Asaan Karobar application status?
Go to akc.punjab.gov.pk, log in using your CNIC and password, and go to the “Application Status” section.
What is the loan amount under the scheme?
You can get between PKR 100,000 to PKR 1,000,000, completely interest-free.
Who Is Eligible to Apply?
Anyone aged 21-57, residing in Punjab, with a clean credit record, and a business in Punjab.
What if my application is rejected?
Check the reason provided on the portal. You can reapply after resolving the issue.
How long does the approval process take?
It usually takes 4 to 6 weeks. Check regularly for updates.