Unlocking Business Potential with CM Punjab Asaan Karobar Card
The Chief Minister of Punjab’s Asaan Karobar Card initiative is a forward-thinking program designed to support businesses in the province. By providing a range of benefits and resources, this innovative scheme empowers entrepreneurs to overcome financial challenges and achieve success.
Card Features
The Asaan Karobar Card offers the following benefits:
- Annual Fee Structure: PKR 25,000 + FED, deducted from the approved limit
- Comprehensive Benefits: Includes life assurance, card issuance, and delivery charges
- Late Payment Terms: Fees applied according to the Bank’s Policy/Schedule of Charges
Security Measures
The program prioritizes security and verification with:
- Digitally Signed Guarantee: Personal guarantee by the borrower
- Life Assurance Coverage: Included in the card portfolio
- Business Premises Verification: Conducted by the Urban Unit within six months of loan approval and annually thereafter
Eligibility Criteria
To qualify for the Asaan Karobar Card, businesses must meet the following criteria:
- Fund Utilization: For core business activities only
- Regulatory Compliance: Must be registered with PRA/FBR within six months of card issuance
- Application Restrictions: Only one application per individual or business
Support Services
The program also offers support to enhance business success:
- Business Planning Resources: Feasibility studies available on PSIC and BOP websites
- Customer Support: Dedicated helpline at 1786 for queries and assistance
Benefits for Businesses
This initiative provides several advantages, including:
- Financial Support: Access to capital for growth and development
- Risk Management: Life assurance coverage helps mitigate business risks
- Business Growth: Facilitates expansion and long-term success
How to Apply
Follow these steps to apply for the Asaan Karobar Card:
- Visit the official website (link unavailable)
- Register your business and create an account
- Complete the application form with required information
- Upload the necessary documents
- Submit your application and track its status online
Conclusion
The Asaan Karobar Card is a significant step toward fostering entrepreneurship and economic development in Punjab. With its innovative features and support services, the program empowers businesses and promotes sustainable growth across the province.
Contact Us
For further information or assistance, contact the helpline at 1786. Our team is ready to support you throughout the application process.
