Dear friends, thousands of people have already received loans under the Asaan Karobar Card Scheme, and thousands have received their Asaan Karobar Cards. In this video, I will explain in detail where you can use the loan provided through the scheme, how much monthly installment you must pay in the first year, and all other related information step-by-step. So, let’s get into the details of the video.
Table of Contents
Asan Karobar Card Important Rules and Regulations
Firstly, please note:
The Government of Punjab has set specific rules and conditions for the loan granted under the Asaan Karobar Card Scheme. These include:
- Loan Usage Restriction:
You can only use this loan for business purposes. - Monthly Installments:
- The loan must be repaid in monthly installments over three years.
- For the first year, you will pay 5% of the loan amount as the monthly installment after a 3-month grace period.
- In the second and third years, the remaining loan will be repaid in monthly installments over 24 months.
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Asan Karobar Card Loan Amount Examples
- Maximum loan provided is PKR 1,000,000 (10 lakh).
- Some people applied for PKR 500,000 or PKR 300,000, and their respective amounts were approved.
- Whatever the approved amount is, it must be repaid within three years.
Asan Karobar Card Usage of Loan (Conditions):
- First 50% of the loan must be used within the first six months.
Example: If you got PKR 1,000,000, then you must use PKR 500,000 (50%) in the first six months. - The second 50% will only be released if:
- You pay your monthly installments on time.
- You register your business with FBR (Federal Board of Revenue) and PRA (Punjab Revenue Authority).
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Where Can You Use the Asan Karobar Card Loan?
You are allowed to use the loan only for business transactions, such as:
- Paying vendors or suppliers for purchasing business-related items.
- Paying utility bills (electricity, gas).
- Paying government fees or taxes.
- Transactions must be done via:
- Asaan Karobar Card.
- PSO (Point of Sale) terminals.
- Official mobile application.
Asan Karobar Card Misuse Warning:
If you try to use the card for personal or non-business purposes, the transaction will fail, and your card may be blocked.
Asan Karobar Card Cash Withdrawal:
- You can withdraw only 25% of the approved loan in cash via Punjab Bank ATMs.
Example:- From a PKR 1,000,000 loan, only PKR 250,000 can be withdrawn in cash.
- The rest must be used via card for approved transactions.
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Asan Karobar Card Installment Payment Plan:
After you receive the card, you get 3 months as a grace period (no payments required).
- Then, you begin monthly repayments:
- For example, if your approved loan is PKR 200,000, then 5% = PKR 10,000/month in the first year.
- For PKR 250,000 loan, the monthly installment = PKR 12,500.
- For PKR 500,000 loan, the monthly installment = PKR 25,000.
Note:
If you successfully pay all installments in the first year, you may apply for another loan under this scheme (Revolving Credit Facility).
Asan Karobar Card Remaining Loan Repayment:
- After the first year ends, the remaining amount will be spread across the next two years (24 months).
- A detailed installment plan will be provided for the second and third years.
These were all the details explained in simple words and an easy way for better understanding of the Asaan Karobar Card Scheme.
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Final Talk
The Asaan Karobar Card Scheme by the Government of Punjab is a golden opportunity for aspiring entrepreneurs and small business owners to uplift their livelihoods through easy access to interest-free loans. However, to fully benefit from this scheme, it’s crucial to understand and follow all rules carefully, such as using the loan strictly for business, paying installments on time, and completing necessary registrations with FBR and PRA.
The structured repayment system, with a grace period and phased disbursement, ensures that borrowers are not overburdened and remain financially disciplined. This scheme is not just a loan—it’s a pathway to financial independence and a stronger local economy.Make sure you use the loan responsibly, maintain your business transactions through official channels, and never misuse the card, or you risk losing these benefits.If you stay compliant, this could be your first step toward long-term business success.