The Government of Punjab has launched a Digital SME Card Loan Scheme to empower small entrepreneurs and business owners across the province. This scheme provides interest-free loans of up to PKR 1 million through a digital card, helping businesses expand, manage operations, and ensure smooth financial sustainability.
Unlike traditional loan processes, the SME card allows easy digital transactions through mobile apps and POS machines, ensuring funds are used in a structured and transparent manner.
Details About Asaan Karobar Loan 2025
| Feature | Details |
|---|---|
| Maximum Loan Limit | Up to PKR 1 million |
| Tenure | 3 years |
| Loan Type | Revolving credit (12 months) |
| Repayment | 24 equal monthly installments after first year |
| Grace Period | 3 months from card issuance |
| Interest Rate | 0 percent (interest-free) |
| Usage | Vendor payments, utility bills, taxes, POS & mobile app transactions, limited cash withdrawal (25%) |
| Eligibility | Age 21–57, resident of Punjab, valid CNIC & mobile number, clean credit history |
| Processing Fee | PKR 500 (non-refundable) |
| Annual Card Fee | PKR 25,000 + FED |
| Security | Personal guarantee + life assurance |
| Helpline | 1786 |
Key Features of the Loan Scheme
- Maximum Loan Limit: Up to PKR 1 million
- Tenure: 3 years
- Loan Type: Revolving credit facility for 12 months
- Repayment: 24 equal monthly installments after the first year
- Grace Period: 3 months after card issuance before repayment starts
- End-User Interest Rate: 0 percent
Read More: CM Punjab Green Tractor Scheme Phase 2 2025
Allowed Uses of the SME Card
Borrowers can use the funds for genuine business needs, including:
- Payments to vendors and suppliers
- Utility bills, government fees, and taxes
- Cash withdrawal (up to 25 percent of the loan limit) for urgent business needs
- Digital transactions through POS and mobile applications
Eligibility Criteria
The scheme is open to small entrepreneurs in Punjab who meet the following conditions:
- Age between 21 and 57 years
- Must be a Pakistani national living in Punjab
- Valid CNIC and a mobile number registered in the applicant’s name
- Existing or new business located in Punjab
- Satisfactory credit history and psychometric assessment
- Only one application allowed per person or business
- No overdue loans or negative credit record
How to Apply
The application process is fully digital for convenience:
- Submit your application through the portal.
- Pay a non-refundable processing fee of PKR 500.
- Verification of CNIC, business location, and creditworthiness will be done through authorized agencies.
Loan Usage and Repayment Details
- First 50 percent of the limit is available in the first 6 months.
- Grace period of 3 months after card issuance before repayment begins.
- After 3 months, the borrower must start paying at least 5 percent of the outstanding principal amount every month.
- Second 50 percent of the loan becomes available after satisfactory repayment and registration with PRA/FBR.
- The remaining balance must be repaid over 2 years in Equal Monthly Installments (EMIs).
Charges and Fees
- Annual Card Fee: PKR 25,000 + FED, deducted from the approved loan limit
- Additional Charges: Life assurance, card issuance, and delivery fees (covered by the scheme)
- Late Payment Charges: Applied as per the bank’s policy and schedule of charges
Security Details
To ensure responsible use of funds, the scheme requires:
- A personal guarantee digitally signed by the borrower
- Life assurance provided under the scheme’s portfolio
- Urban Unit inspections of business premises within 6 months of approval and then annually
Key Conditions
- Funds can only be used for business-related purposes.
- Non-business transactions such as personal spending or entertainment are strictly blocked.
- Borrowers must register with PRA/FBR within 6 months of receiving the SME card.
- Only one application per person or business is allowed.
Additional Support for Applicants
To help new businesses and startups, feasibility studies and business planning resources are available on the PSIC and Bank of Punjab (BOP) websites.
Helpline
For more details or support, applicants can call the official helpline 1786.
Also See: Mera Ghar Mera Ashiana Scheme 2025 Eligibility Loan Details Apply Online
Conclusion
The Digital SME Card Loan Scheme is a major step toward strengthening small businesses in Punjab. With interest-free loans, easy repayment terms, and digital transparency, entrepreneurs now have an opportunity to grow their ventures without financial burden. By supporting vendors, suppliers, and small enterprises, this program aims to create a strong business ecosystem across the province.
