Punjab Assan Karobar Finance Scheme Phase 2
Punjab Assan Karobar Finance Scheme Phase 2: The Government of Punjab has officially launched Phase 2 of the Punjab Assan Finance Scheme, under the leadership of Chief Minister Maryam Nawaz. This program aims to empower small and medium businesses, startups, and exporters by providing them with easy financial support on flexible terms. After the success of the first phase, where thousands of businesses benefited, the scheme has been expanded with even greater resources and opportunities.
The purpose of this scheme is not only to strengthen entrepreneurship but also to generate employment and boost Punjab’s economy. With an allocation of billions of rupees, the Punjab Assan Finance Scheme Phase 2 is now open for applications, ensuring that more sectors and individuals can take advantage of it.
| Feature | Details |
|---|---|
| Total Fund Allocation | Rs. 90 Billion |
| Loan Range | Rs. 100,000 to Rs. 10 Million |
| Markup Rate | 0% on small loans |
| Loan Tenure | Up to 10 Years |
| Beneficiaries So Far | 4,238 Businesses (Rs. 31 Billion distributed) |
| Eligible Sectors | Agriculture, Industry, IT, Services, Export |
| Application Portal | akf.punjab.gov.pk |
Key Features of Punjab Assan Finance Scheme Phase 2
The scheme has been designed with simple procedures and highly supportive loan structures. Unlike traditional financing, this program removes many hurdles faced by small businesses.
- Total Allocation: Rs. 90 billion for businesses in Punjab
- Markup Rate: 0% markup on small loans
- Loan Range: From Rs. 100,000 to Rs. 10 million
- Tenure: Up to 10 years with flexible repayment options
- Beneficiaries So Far: Over 4,200 businesses have already received Rs. 31 billion under the first phase
This initiative is particularly beneficial for entrepreneurs who want to start new ventures but lack access to capital. It provides them with a financial cushion to grow without the burden of high-interest loans.
Eligible Sectors and Beneficiaries
The Punjab Assan Finance Scheme Phase 2 covers a wide range of productive and emerging sectors. It supports both existing businesses and new ventures, ensuring that innovation and growth go hand in hand.
Eligible sectors include:
- Agriculture and farming-based businesses
- Manufacturing and industrial setups
- Information Technology and startups
- Service-based businesses
- Other productive and export-oriented industries
By targeting these sectors, the government aims to balance growth across rural and urban areas, creating opportunities for farmers, traders, and young entrepreneurs alike.
Application Process and Required Documents
Applying for the Punjab Assan Finance Scheme Phase 2 is simple, but applicants must be well-prepared with the necessary documents before starting the process.
Documents required include:
- Passport-size photo or selfie
- CNIC front and back copies
- Registered mobile number on applicant’s CNIC
- Two references with CNIC and contact details (not blood relatives)
- Proof of business address (rent agreement, transfer letter, or registry)
- Proof of security (property documents, government securities, etc.)
Exporters also need to provide additional documentation such as EE statements or confirmed export LCs.
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Step-by-Step Application Method
The entire application process has been made digital for convenience. Applicants can apply online through the official portal and track their status at every step.
- Visit the official website: akf.punjab.gov.pk
- Sign up with CNIC and registered mobile number
- Fill out the form with personal, business, and financial details
- Upload scanned copies of required documents
- Pay the application fee online or via partner bank
- Submit the form and receive a registration number
- Track application updates via SMS or the online portal
This process takes around 15 minutes if all documents are ready. Applicants can also save drafts and complete the form later.
Application Criteria and Conditions
To ensure transparency and fair access, the scheme has defined clear criteria for applicants. Only genuine and active taxpayers are eligible for loans, while politically exposed persons (PEPs) go through additional due diligence.
Important conditions include:
- Applicant must be a Punjab resident
- Must be an active tax filer
- Business income and expenses must be verifiable
- Loan can be secured through property or government securities
- Exporters must provide valid export documentation
These measures guarantee that loans are disbursed responsibly and reach deserving candidates.
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Final Words
The Punjab Assan Finance Scheme Phase 2 by Maryam Nawaz is a landmark step towards building a stronger entrepreneurial ecosystem in Punjab. It not only helps small businesses overcome financial barriers but also encourages youth and women to become job creators instead of job seekers.
By offering zero-markup loans, flexible repayment plans, and simplified procedures, the scheme promises long-term benefits for Punjab’s economy. Anyone meeting the eligibility criteria should take advantage of this opportunity and apply at the earliest.
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FAQs
What is the total allocation of Punjab Assan Finance Scheme Phase 2?
The government has allocated Rs. 90 billion for this scheme. It is aimed at supporting small and medium businesses in Punjab.
What is the loan range offered under this scheme?
Loans range from Rs. 100,000 to Rs. 10 million. Repayment tenure is up to 10 years.
Who can apply for the scheme?
Any Punjab resident who is an active tax filer can apply. Applicants must also provide business and financial details.
What sectors are eligible for financing?
Agriculture, Industry, IT, Services, and other productive sectors are included. Export-oriented businesses can also benefit.
How can someone apply for this scheme?
Applications can be submitted online at akf.punjab.gov.pk. A CNIC-registered mobile number and required documents are mandatory.