Easy Business Loans, Eligibility, and How to Apply

Easy Business Loans

Many people want easy business loans but do not know where to start. In Punjab, the CM Punjab Asaan Karobar Scheme is a government initiative for small and medium-sized enterprises (SMEs) and startups. The scheme offers interest-free loans to start or grow a business without extra financial pressure.

Eligibility

Applicants must live in Punjab and have a valid CNIC.
Supports women, youth, rural entrepreneurs, and underserved business owners.
Both new businesses and existing businesses with a clean credit history and a business idea or expansion plan can apply.

Loan Amounts and Types

The Asaan Karobar Finance Scheme offers two options. Tier-1 provides an unsecured loan up to PKR 5 million with a personal guarantee. Tier-2 gives secured loans from PKR 6 million to PKR 30 million with collateral. Small sellers and micro-entrepreneurs can also use the Asaan Karobar Card to get PKR 1 million interest-free via a digital SME card.

How to Apply

Register on the official CM Punjab Asaan Karobar Scheme portal.
Choose the loan tier and upload documents like CNIC and business plan.
Processing fee: PKR 5,000 for Tier-1 and PKR 10,000 for Tier-2.
Loan tenure: up to 5 years, with 6 months grace for new businesses and 3 months for existing ones.
After approval, the loan amount is transferred directly to the bank account.

Why These Loans Matter

These interest-free loans help SMEs overcome the credit gap, support women’s empowerment, encourage youth startups, and strengthen local economies with finance centres and export support.

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Q1: What is the maximum loan amount I can apply for?
You can get a loan up to PKR 30 million, depending on the tier you choose and your eligibility.

Q2: Is collateral needed for all loans?
No. Tier-1 loans up to PKR 5 million only need a personal guarantee. Tier-2 loans, from PKR 6 million to PKR 30 million, require collateral.

Q3: Can women entrepreneurs apply?
Yes. Women are a priority group and may get extra benefits or easier requirements.

Q4: How quickly will I get the funds after approval?
After approval, the loan amount is usually transferred within a few working days.

Q5: Can rural entrepreneurs apply for this scheme?
Yes. The scheme has finance centres to make it easier for rural and underserved entrepreneurs to access the loans.