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Asaan Karobar Scheme Interest-Free Loans
The Punjab government has launched a unique and largest ‘Asaan Karobar Finance Scheme’ of its kind, which provides a golden opportunity for youth and entrepreneurs. Under this scheme, interest-free loans are being provided, which aims to improve the economy and provide employment opportunities to the youth. According to Punjab Chief Minister Maryam Nawaz, this scheme will not only strengthen the local economy but will also increase exports.
A huge amount of more than Rs 84 billion has been allocated in this scheme, out of which Rs 36 billion has been earmarked for interest-free loans and Rs 48 billion for the Asan Karobar Card Scheme. Under this scheme, interest-free loans ranging from Rs 1 million to Rs 30 million will be provided, which can be repaid in easy installments of 5 years. In addition, special facilities have also been provided for start-ups and small businesses so that the youth can put their entrepreneurial skills into practice.
The online application procedure is very simple and can be completed from home. A complete web portal has been provided for the applicants at akf.punjab.gov.pk, from where not only registration can be done but also all the details related to the scheme can be obtained. Moreover, the facility of purchasing raw materials, paying government fees, utility bills and withdrawing cash up to 25% through Punjab Asaan Karobar Scheme card has also been provided.
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This scheme is a wonderful opportunity for every resident of Punjab, especially for men and women between the ages of 25 and 55, transgender and special persons. Chief Minister Maryam Nawaz has expressed her determination that this scheme will lead the youth towards self-employment and take the economy to new heights of development. If you also want to make your business dream a reality, then take advantage of this scheme by applying today.
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Budget and facilities allocated for the Assan Karobar scheme
Punjab Chief Minister Maryam Nawaz has allocated a budget of over Rs84 billion for the scheme, which includes Rs48 billion for the Asan Karobar Card Scheme and Rs36 billion in interest-free loans under the Finance Scheme. Under this scheme, applicants will be provided loans ranging from Rs1 million to Rs30 million, which will be repayable in easy installments over a period of 5 years.
How to Apply Online for Asan Karobar Scheme
Applicants for Asan Karobar Scheme have been provided the facility to apply online from home. To apply under the scheme, registration can be done at akf.punjab.gov.pk. Small entrepreneurs and start-ups will be specially benefited through Asan Karobar Card Scheme.
This card can be used for purchasing raw materials, paying government fees, taxes and utility bills. In addition, cardholders have also been given the facility of cash withdrawal up to 25 percent.
Eligibility Criteria and Conditions for Applicants
Male, female, transgender and special persons residing in Punjab between the ages of 25 and 55 years can apply for the Easy Business Scheme. Applicants must be active tax filers and not defaulters of any financial institution.
Emphasizing the importance of the scheme, Chief Minister Maryam Nawaz said that this is a great opportunity to attract the youth towards self-employment. It is the responsibility of the government to provide employment opportunities after education, and this scheme will play an important role in fulfilling this mission.
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Improving the Economy and Increasing Exports
Through the Easy Business Scheme, every youth of Punjab will play a full role in the development of the economy. This program will not only improve the economy but will also increase exports. Through the scheme, the youth and entrepreneurs will be guided on the path of self-reliance with financial stability.
For More Information About Karobar Scheme
A special toll-free number 1786 has also been launched for more information and guidance related to the scheme, where applicants can get answers to any queries. If you want to benefit from this scheme, register now on the web portal and turn your dreams into reality.
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FAQs: Common Questions Regarding Asan Karobar Scheme
Who can apply for the Easy Business Scheme?
Male, female, transgender and special persons residing in Punjab between the ages of 25 and 55 years can apply for this scheme.
What are the conditions for availing the loan?
Applicants must be active tax filers and should not be defaulters of any financial institution.
How much amount will be provided as loan under the scheme?
Interest-free loans ranging from Rs 1 million to Rs 3 crore will be provided under the scheme.
What will be the repayment period of the loan?
The loan will be repaid in easy installments of 5 years.
Where can I apply online?
Register on the web portal akf.punjab.gov.pk to apply online for the scheme.
Where can I contact for more information?
For more information regarding the scheme, contact the toll-free number 1786.
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Conclusion
The Assan Karobar Scheme is a revolutionary initiative of the Punjab government that will be a means of improving the economy by providing financial assistance to the youth and entrepreneurs. Under this scheme, interest-free loans, easy installments and other facilities will promote the start-up and growth of businesses. If you want to turn your business dreams into reality, register immediately to benefit from this scheme.