CM Punjab Maryam Nawaz Launches Asan Karobar Finance Scheme Phase 2

Introduction

In 2025, the Government of Punjab under the leadership of Chief Minister Maryam Nawaz Sharif launched Asan Karobar Finance Scheme Phase 2 – one of the biggest business loan programs in the history of Punjab. This initiative is designed to support small traders, farmers, exporters, and young entrepreneurs who want to start or expand their businesses.

With a total allocation of Rs. 90 billion, this phase offers interest-free loans that make financing easy and affordable. After the success of Phase 1, which supported thousands of people across Punjab, Phase 2 has been launched with a wider reach, more sectors, and a completely digital application process.

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What is Asan Karobar Finance Scheme Phase 2?

The Asan Karobar Finance Scheme Phase 2 is a flagship project of the Punjab Government aimed at reducing unemployment and promoting entrepreneurship. Managed by the Punjab Small Industries Corporation (PSIC) in collaboration with the Bank of Punjab (BOP), this program gives loans to deserving individuals and businesses at zero markup.

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Key Features of Asan Karobar Phase 2:

• 0% interest loans for small, medium, and export-oriented businesses

• Equal opportunities for men and women

• Special focus on rural entrepreneurs and women-led businesses

• Transparent online registration at akf.punjab.gov.pk

• Loans disbursed through Bank of Punjab

By targeting both urban and rural areas, the government hopes to strengthen Punjab’s economy at every level.

Eligibility Criteria for Applicants

To ensure that loans reach the most deserving people, the Punjab Government has set clear eligibility conditions. Applicants must:

• Be between 25 and 55 years old

• Have a valid Punjab domicile

• Hold a valid CNIC issued by NADRA

• Present a business idea or plan (new or existing)

• Commit to repaying within 5 years

This makes the scheme suitable for a wide range of applicants from small shopkeepers and home-based workers to exporters and service providers.

Loan Categories and Amounts

The scheme has been divided into multiple loan categories to support businesses of all sizes.

All loans under these categories are interest-free and must be repaid within five years.

Documents Required for Application

Before you start the online application, keep the following documents ready in scanned form:

• Copy of valid CNIC

• Punjab domicile certificate

• Recent passport-size photograph

• Business plan or feasibility report

• Proof of existing business (if applicable)

• NTN certificate (if applicable)

Having these documents ready makes the process much faster and reduces the chance of errors.

Step-by-Step Online Registration Process

The registration for Asan Karobar Finance Scheme Phase 2 is completely online at the official website akf.punjab.gov.pk. Below is a simple guide:

1. Visit the Official Portal

Go to akf.punjab.gov.pk and click “Apply For Asan Karobar Program”.

2. Enter Personal Details

• Applicant’s Name as per CNIC

• Father/Husband’s Name

• CNIC Number

• Email Address

• Date of Birth (must match CNIC)

3. Provide CNIC Details

• CNIC Issuance Date

• CNIC Expiry Date

4. Fill Family & Personal Verification

• Mother’s Maiden Name

• Disability Status (Yes/No)

• If yes, select the type of disability

5. Gender & Mobile Information

• Select Gender

• Network & Code (telecom company)

• Cell Number (must be registered in your name)

6. Address Information

• Current Residential Address

• Province → Punjab

• Division, District, Tehsil, City

• Permanent Address (if different)

7. Additional Information

• NTN Number (if applicable)

• Residence Ownership Status (Owned, Rented, Other)

• Political Exposure Status (Yes/No)

8. Create Login Details

• Set and Confirm Password

• Enter CAPTCHA Code

9. Submit Application

• Click the Submit Button

• Note the tracking number for future reference

Once submitted, your application goes through verification, and if approved, the Bank of Punjab disburses the loan directly into your account.

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Benefits of the Asan Karobar Finance Scheme Phase 2

This program is more than just a loan scheme. It brings financial stability, job creation, and economic growth.

Key benefits include:

• Completely interest-free loans

• Support for startups, farmers, and exporters

• Equal opportunity for men and women

• No hidden charges and repayment within five years

• Encouragement for new jobs and entrepreneurship

• Transparent digital process with online application and tracking

Why Phase 2 is Important

Phase 1 of the Asan Karobar Finance Scheme was a success, helping more than 4,000 individuals. Phase 2 is even bigger and more inclusive, offering Rs. 90 billion for loans across Punjab.

Key differences in Phase 2:

• Larger loan categories (up to Rs. 5 crore)

• More sectors covered including exports and agriculture

• Digital-first, paperless, and transparent process

• Special focus on women entrepreneurs and rural businesses

This shows the Punjab Government’s commitment to empowering its citizens and building a stronger economy.

How the Scheme Supports Punjab’s Economy

By offering interest-free loans, the government is helping small and medium businesses grow. This growth leads to:

• New jobs for young people

• Stronger agriculture and trade

• Higher exports from Punjab

• More financial independence for families

This ripple effect strengthens the provincial economy and uplifts communities.

Final Thoughts

The Asan Karobar Finance Scheme Phase 2 is a golden opportunity for entrepreneurs, traders, farmers, and exporters to grow their businesses. With Rs. 90 billion allocated, this program offers financial support without the burden of interest.

If you are between 25–55 years old, have a valid Punjab domicile, and a clear business idea, this is your chance to apply online through the official portal. By completing the simple registration process, you can secure funding to start or expand your business and help build a financially strong Punjab.

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FAQs

1. Who can apply for the Asan Karobar Finance Scheme Phase 2?
Any individual between 25 and 55 years with a Punjab domicile, valid CNIC, and a business idea can apply. Both new and existing businesses are eligible.

2. Is collateral required for these loans?
No. Most loans under the scheme — especially small and medium business loans — are collateral-free. However, larger loans for export businesses may require additional documentation.

3. How can I track my application status after applying online?
After submitting your online form at akf.punjab.gov.pk, you will receive a tracking number. Use this number to check the status of your application directly on the portal.