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CM Punjab Asaan Karobar Finance
overview
this initiative offers interest free loans to empower small and medium
Enterprises (SMEs) in Punjab. It aims to drive economic growth by
supporting entrepreneurship, job creation and exports by focusing
on priority sectors across the province.
Loan Purposes
* New Businesses; Startup funding
* Existing Businesses; Expansion, modernization, or working capital
* Leasing ; Commercial logistics
* RECP Technologies; Climate friendly
businesses
Eligibility Criteria
1* small enterprises with annual sales up to (PKR 150M)
2* Medium enterprises with sales (PKR 150 – PKR 800M)
3* Age; 25 – 55 years
4* Active FBR Tax filers with clean credit history.
5* Residence and business located in Punjab .
6* Valid CNIC and NTN .
7* Must own / have rented the place existing business.
Loan Details;
Tier – Amount – Security – Tenure – mark up – processing Fee
T1 1M-5M Personal 5 year 0% 5000
T2 6M-30M Guarantee 5 years 0% 10,000
Grace Period;
Grace period is up to 6 months –
ups / new businesses and up to
3 months for existing businesses.
Equity contribution;
o% for T1 other then leased commercial vehicles .
Leased vehicles; 25%
other loans; 20% in all other cases under T1 & T2.
10% for females, transgender and differently abled persons.
Repayment Terms;
* Equal monthly installments as per terms of
the approval.
* Late charges; PKR 1 per 1000 /day on
overdue amounts.
Additional Costs;
* Handling fee*
* NIL for setting up new business
*3% p.a for existing businesses
*NIL p.a for climate friendly businesses
in (T2 only)
* Insurance, legal and registration charges
apply as per actual costs.
Helpline;
* (1786)
for more details and latest about the
program ,visit website
