Karobar Card Loan Scheme

Get a loan from the Karobar Card Scheme and expand your business. This loan ranges from Rs 100,000 to Rs 1 Million. There is also a related loan scheme which is known as Chief Minister Aasan Karobar Financing Scheme. And according to government officials, that scheme is designed for the welfare of medium-sized businesses. In that scheme, a loan of Rs 3 Million will be given to the candidates and it will be repaid within the next five years.

Many small business holders in Punjab don’t have enough money to expand their businesses. That’s why, the government of Punjab has decided to launch such an initiative that will boost the small business. According to the vision of CM Punjab, this scheme will provide a new source of income for youth and unemployed persons in Punjab.

According to CM Punjab soon a website will be launch for online registration. Moreover, the government has launched special eligibility criteria and all those business owners who meet the eligibility criteria will be consider eligible for this program.

Karobar Card Scheme For Small Businesses

• Apply and get a loan from Rs 100,000 to Rs 1 Million.
• This loan will be interest-free and be repaid in affordable installments.
• All small and medium-sized business owners are eligible to get the loan.

Once the business owners expand their business and start earning more income then low repayment will start and it will become a source of revenue increase for all Pakistani business owners.

Karobar Card Scheme Objectives

The main objective of this scheme is to boost the income of small business owners. But here are other related objectives:

• To increase the revenue of business owners.
• To Support the business sector of Pakistan.
• To grow the economy by stabilizing businesses.
• This act will create a business-friendly environment in Punjab

With this card the public of Punjab become self-reliant and boost their small business into major business hub.

Karobar Card Application Procedure

Soon the application procedure for the Karobar Card will start and the government will follow the following procedure to complete the registration of applicants:

• The government will launch a portal for registration.
• The government will launch special eligibility criteria.
• To select candidates transparently, the government will use the draw method.

All those small business owners who are willing to increase their revenue by selling more products. Need to apply and get a loan from the Karobar Card Loan Scheme.

Loan Type and Repayment

Two types of loans are categorize according to the business sizes of the applicants. Take a look at these loan types and their repayment details:

• Small business owners get Rs. 100,000 to Rs. 1 Million.
• Medium business owners get Rs. 3 Million loan.
• This interest-free loan will be repay in easy installments.

Benefits Of the Karobar Card Scheme

These are the expected benefits of this Karobar Card Loan Scheme:

• This scheme will support both small and medium-sized enterprises (SMEs) to boost up.
• The unemployment rate will be reduce because youth will get loans and start their own business.
• Make it possible for every individual to become eligible to start their business and earn their living.

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Conclusion

For the people of Punjab, Chief Minster Maryam Nawaz has introduced a great scheme which is known as the Karobar Card Loan Scheme or the Aasan Karobar Financing Scheme (both are the same). This scheme provides interest-free loans to those small business owners who want to empower their current business and earn maximum revenue. Such steps that are taken by the Chief Minister of Punjab are very important for the growth of the public. For additional details visit the official web page of the loan scheme.