Only 25pc Hard Cash can be withdrawn in Punjab Assaan Karobaar Card Scheme akc.punjab.gov.pk

The government of Punjab, under the leadership of CM Maryam Nawaz, has unveiled the “Assaan Karobaar” scheme, a transformative initiative designed to bolster small businesses across the province. Aimed at fostering economic growth and sustainability, this program offers a range of financial benefits tailored to the unique needs of small enterprise owners.

Key Features of the Assaan Karobaar Scheme

Zero Percent Markup Loans
The scheme provides an enticing zero percent markup on loans, available in two formats:

  • A maximum of 10 lakh rupees with a repayment period of 48 months, including a 3-month grace period.
  • A maximum of 3 lakh rupees with a repayment period of 36 months, including a 5-month grace period.

These loan structures are designed to accommodate the financial cycles of various businesses, allowing for breathing room and flexibility in loan repayment.

Assaan Karobaar Card
A standout feature of this initiative is the Assaan Karobaar Card, which offers multiple advantages:

  • Up to 25% Discount on Electricity Bills: A significant relief for businesses where utility costs can be a burden.
  • Business Service Incentives: Including discounts and offers on essential services needed to run and grow a business.
  • Limited Cash Withdrawal: Cardholders can withdraw only 25% of their loan in cash. This limitation ensures that the majority of the financial support is directed towards actual business expenses, such as paying bills and purchasing necessary goods directly. This direct payment mechanism is managed by the government of Punjab, ensuring transparency and targeted financial aid.

Direct Invoicing and Bill Payments
To ensure that the loans are used explicitly for business growth and operational expenses, the government will handle direct payments for utility bills and supplier invoices. This direct intervention by the government not only ensures the proper usage of funds but also reduces the financial management burden on small business owners, allowing them to focus more on their core business activities.

Application Process

Interested business owners can apply for the Assaan Karobaar Card and related financial assistance through dedicated online portals. The easy-to-navigate website, akc.punjab.gov.pk for the card, and akf.punjab.gov.pk for finance assistance, provide a straightforward application process. For further guidance and information, potential applicants can contact the helpline at 1786.

Conclusion

The Assaan Karobaar scheme represents a significant step forward in the Punjab government’s commitment to economic development and support for small businesses. By reducing financial strains and facilitating easier access to necessary resources, the program is poised to make a substantial impact on the local economy. For small business owners in Punjab, this scheme offers a pathway to stability and growth, ensuring that they can thrive even in challenging economic times.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *