Asan Karobar Card Phase 2 — Rs 100 Billion Budget, 24,000 SMEs, Complete Guide 2026
The Government of Punjab under Chief Minister Maryam Nawaz Sharif has officially launched Phase 2 of the Asan Karobar Finance Scheme with an expanded budget of Rs 100 Billion. Phase 2 targets 24,000 additional small and medium enterprises (SMEs) across Punjab with total loan disbursements set at Rs 379 Billion. This is the largest business financing initiative in Punjab's history — offering 100% interest-free loans from Rs 1 million up to Rs 50 million depending on business size.
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Apply Online: Visit akc.punjab.gov.pk for the Asan Karobar Card or asaankarobarfinancescheme.com.pk for the Finance Scheme. Both programmes are 100% online — no need to visit any office.
Phase 1 vs Phase 2 — Key Differences
| Feature | Phase 1 | Phase 2 (New) |
|---|---|---|
| Total Budget | Rs 48 Billion | Rs 100 Billion |
| SME Target | Phase 1 beneficiaries | 24,000 additional SMEs |
| Max Finance (Tier 2) | Rs 30 Million | Rs 50 Million |
| New Sectors Added | General business | Renewable energy, clean tech, exports |
| Applications (Phase 1) | 15 Lakh+ submitted | 1 Lakh+ already approved |
| Total Disbursement Target | — | Rs 379 Billion |
2 Programmes — Which One is For You?
| Feature | Asan Karobar Card (AKC) | Asan Karobar Finance (AKF) |
|---|---|---|
| For | Small shopkeepers, micro business | Medium to large businesses |
| Loan Amount | Up to Rs 1 Million | Rs 1M to Rs 50M |
| Type | Digital revolving credit card | Direct business loan |
| Interest Rate | 0% — Interest Free | 0% — Interest Free |
| Tenure | 3 years (revolving) | Up to 5 years |
| Grace Period | 3 months | 3–6 months |
| Age Limit | 21 to 57 years | 25 to 55 years |
| FBR/PRA Required | Must register within 6 months | Must be an active FBR tax filer with valid NTN |
| Processing Fee | As per BOP policy | Tier 1: Rs 5,000 / Tier 2: Rs 10,000 |
| Apply At | akc.punjab.gov.pk | asaankarobarfinancescheme.com.pk |
Asan Karobar Finance — Loan Tiers (Phase 2)
| Tier | Loan Amount | Processing Fee | Tenure |
|---|---|---|---|
| Asan Karobar Card | Up to Rs 1 Million | BOP policy | 3 years revolving |
| Finance Tier 1 | Rs 1M – Rs 5M | Rs 5,000 | Up to 5 years |
| Finance Tier 2 | Rs 6M – Rs 30M | Rs 10,000 | Up to 5 years |
| Phase 2 Extended (New) | Up to Rs 50M | As per BOP | Up to 5 years |
Eligibility Criteria — Asan Karobar Card (AKC)
- Must be a Pakistani national and resident of Punjab
- Age: 21 to 57 years
- Valid CNIC as per NADRA database
- Mobile number registered in applicant's own name
- Existing or prospective business located within Punjab
- Only one application per individual or business allowed
- Clean credit history — no defaults
- Must register with PRA or FBR within 6 months of card issuance
Eligibility Criteria — Asan Karobar Finance Scheme (AKF)
- Must be a Punjab resident with business in Punjab
- Age: 25 to 55 years
- Must be an active FBR tax filer with valid NTN
- Clean credit history — no loan defaults
- Must have an existing or planned business location in Punjab
- Satisfactory credit and psychometric assessment required
- Valid CNIC required
How Can Funds Be Used?
Asan Karobar Card funds are strictly for business use only. Non-business transactions are automatically blocked by the system.
- Vendor and supplier payments
- Utility bills, government fees, and taxes
- Digital transactions via POS terminals and Mobile App
- Cash withdrawals — maximum 25% of approved limit only
- Stock purchase and business inventory
- Machinery and equipment purchase
Important: Using funds for personal or non-business expenses will result in suspension of remaining card limit. Late payment charges of Rs 1 per Rs 1,000 per day apply on overdue amounts.
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New Sectors in Phase 2
- Renewable energy and solar businesses
- Clean technology enterprises
- Export-oriented businesses
- Commercial logistics fleet leasing
- Resource Efficient and Cleaner Production (RECP) businesses
- Agriculture and agri-business
- Freelancers with registered business address in Punjab
How to Apply — Step by Step
| Step | Action |
|---|---|
| 1 | Visit akc.punjab.gov.pk (Card) or asaankarobarfinancescheme.com.pk (Finance) |
| 2 | Click "Apply" and create your account |
| 3 | Fill in personal details — CNIC, name, date of birth, gender, email |
| 4 | Enter business details — type, location, existing or new, annual turnover |
| 5 | Upload required documents |
| 6 | Submit and note your Application ID for tracking |
| 7 | Credit and psychometric assessment completed by system |
| 8 | If approved — Card issued or loan disbursed via Bank of Punjab |
Documents Required
- Valid CNIC (not expired — verify at nadra.gov.pk first)
- Mobile number registered under your CNIC
- Business details and address proof
- NTN number (for Finance Scheme — mandatory)
- Business plan (for new startups — templates available on BOP and PSIC websites)
- Bank account details (Bank of Punjab preferred)
Managed By
- Punjab Information Technology Board (PITB) — digital system management
- Bank of Punjab (BOP) — loan disbursement and card issuance
- Punjab Small Industries Corporation (PSIC) — business support
Phase 2 Progress So Far
| Metric | Figure |
|---|---|
| Total Applications Submitted (Phase 1+2) | 15 Lakh+ |
| Applicants Already Approved | 1 Lakh+ |
| Phase 2 Budget | Rs 100 Billion |
| Phase 2 SME Target | 24,000 |
| Total Loan Disbursement Target | Rs 379 Billion |
| Small Business Card Target | 1,00,000 businesses |
FAQs
Q: Is the Asan Karobar Card completely interest-free?
A: Yes. The loan is 100% interest-free. Only the principal amount needs to be repaid. Late payment charges of Rs 1 per Rs 1,000 per day apply only on overdue amounts.
Q: Can I withdraw all the money as cash?
A: No. Only 25% of the approved limit can be withdrawn as cash. The remaining 75% must be used through digital transactions (POS, mobile app, supplier payments).
Q: Is FBR registration compulsory?
A: For the Asan Karobar Card — you must register with PRA or FBR within 6 months of card issuance. Failure to do so results in suspension of the remaining 50% limit. For the Finance Scheme — you must already be an active FBR tax filer.
Q: Can freelancers apply?
A: Yes. Freelancers and digital workers can apply for the Asan Karobar Card if they have a registered business address in Punjab.
Q: What is the maximum loan in Phase 2?
A: Phase 2 raises the Tier 2 ceiling to Rs 50 million for qualifying sectors, up from Rs 30 million in Phase 1.
Q: How do I check my application status?
A: Log in to your account at akc.punjab.gov.pk using your application ID to track your status in real time.
