Asan Karobar Card Phase 2: Rs 100 Billion Loan Apply Online

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.

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.

Read Also: Bewa Sahara Card / CM Punjab Rehmat Card 2026

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.