Punjab Karobar Card Loan Scheme 2025: Online Application & Eligibility!

Mariyam Nawaz, the Chief Minister of Punjab, is launching a new and highly beneficial program to empower young individuals and business owners to thrive in their respective industries and establish a stable future by investing in both small and large enterprises. The Punjab government has introduced an innovative initiative that aims to create job opportunities for the youth while also securing their future.

Punjab Karobar Card Loan Scheme 2025: Online Application & Eligibility!

Maryam Nawaz has approved the Punjab Karobar Card Loan Scheme, enabling eligible individuals to access loans ranging from 100,000 Rs to 30 Million Rupees. This provides an opportunity for those looking to begin small or medium businesses to apply for interest-free loans through the Punjab Karobar Scheme.

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CM Karobar Card Scheme 2025: Latest Updates!

The Punjabi government’s Karobar Card Loan Scheme is a bold initiative aimed at tackling unemployment and stimulating economic growth. Its primary objective is to provide interest-free loans to young individuals in Punjab, empowering them to establish small and medium-sized businesses.

پنجابی حکومت کی کرونا کارڈ لون سکیم ایک جرات مندانہ اقدام ہے جس کا مقصد بے روزگاری سے نمٹنے اور معاشی ترقی کو تیز کرنا ہے۔ اس کا بنیادی مقصد پنجاب میں نوجوانوں کو بلا سود قرضے فراہم کرنا ہے، انہیں چھوٹے اور درمیانے درجے کے کاروبار قائم کرنے کے لیے بااختیار بنانا ہے۔ اس پروگرام سے صوبے کی معیشت کو تبدیل کرنے اور خواہشمند کاروباری افراد کو ان کی ضرورت کے آلات سے آراستہ کرنے کی توقع ہے۔ آئیے اس پر گہری نظر ڈالتے ہیں کہ اس جدید پروگرام کی پیش کش کیا ہے۔

This program is anticipated to transform the province’s economy and equip aspiring entrepreneurs with the tools they need. Let’s take a closer look at what this cutting-edge program has to offer.

Key Features of the Karobar Card Scheme: Access Small & Medium Loans for Business Growth

The Karobar Card Loan Scheme was specifically designed to help ease the financial burdens faced by unemployed youth in Punjab. It offers loans under two distinct categories:

  1. Small Business Loans
    • Loan amount: Rs. 1 Lakh to Rs. 10 Lakh.
    • Purpose: To support young entrepreneurs in launching small-scale businesses.
  2. Medium-Sized Business Loans
    • Loan amount: Up to Rs. 30 Lakh.
    • Purpose: For those looking to establish medium-sized enterprises.
Loan TypeAmount RangeEligibilityRepayment Period
Small Business LoanRs. 1 Lakh – Rs. 10 LakhUnemployed youth with business ideas5 years
Medium Business LoanUp to Rs. 30 LakhIndividuals aiming for medium ventures5 years

How to Apply Online for the Punjab Karobar Card Scheme:

Applying for the “Karobar Card” loan is a simple and hassle-free process. To complete your application, just follow these steps:

  • Head over to the PSIC website by clicking on this link: http://rozgar.psic.punjab.gov.pk/rozgar/register. This is the authorized website of PSIC, the Punjab Small Industries Corporation.
  • Fill out the application by providing essential details about your company, including its name, industry, and size.
  • Submit the essential paperwork: Include necessary documents like verification of business registration and a comprehensive loan proposal detailing its purpose.
  • Submit Your Application: Once you have filled out all the required details, send in your application. Qualified applicants will receive notification of loan acceptance after it has been reviewed.

To acquire the necessary funds for your company, consider applying for a Karobar Card loan. Simply follow the steps outlined below to expedite the process.

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Asan Karobar Program: Eligibility Criteria and Requirements

The purpose of this initiative is crucial, as it primarily targets unemployment and loan disbursement. Nevertheless, not all individuals are eligible to apply for this program.

Eligible individuals can receive Government Support for their Small Businesses through the Asan Karobar Scheme.

  • must be a Punjabi resident.
  • The eligible individuals must fall within the age bracket of 18 to 40 and have no current employment.
  • A comprehensive and workable company plan must be presented.

Essential Documents Needed for Asan Karobar Program Registration:

The Asan Karobar Card scheme requires a list of essential paperwork.

  • CNIC Card
  • Proof of Residence: Utility bills, rent agreement, or domicile verifying Punjab residency.
  • Business Registration Proof in Punjab
  • Business Plan
  • Past 6 months’ bank transaction history.
  • Income Proof
  • Application for Loan
  • Photographs: Recent passport-size photographs of the applicant.
  • Tax Documents: NTN or proof of tax filing, if applicable.

How the CM Karobar Card Scheme Can Benefit Entrepreneurs

The Punjab Asan Karobar Loan Scheme is beneficial in many ways, including:

  • Encourages Entrepreneurial Spirit: Facilitates capital accessibility, motivating young individuals to venture into entrepreneurship.
  • Promotes Economic Development: Facilitates the growth of businesses in Punjab, contributing to the region’s economic prosperity.
  • Reducing Unemployment: Assists in addressing the issue of joblessness by promoting self-employment opportunities.
  • Promotes Equal Opportunity: Facilitates financial access for women, minorities, and underserved groups.

In Conclusion:

The pioneering Punjab Karobar Card Loan Scheme, a venture led by the provincial government, seeks to empower young individuals and entrepreneurs through the provision of interest-free loans. Boasting loan sums starting from Rs. 100,000 and going up to Rs. 30 million, this program presents a remarkable chance for individuals to initiate or enhance their businesses, driving economic progress and curbing joblessness within the province.

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