Karobar Card Loan Scheme Punjab 2025
The Punjab Government’s Karobar Card Loan Scheme 2025 is a innovative creativity aimed at authorizing small and medium enterprises (SMEs), startups, and low-income families. Launched by Maryam Nawaz, this scheme offers interest-free loans of up to PKR 30 zillion to boost entrepreneurship and create employment opportunities. By if nearby financial help, this program seeks to remove lack and support Punjab’s economy.
Quick Information Table
| Field | Details |
| Program Name | Karobar Card Loan Scheme Punjab |
| Loan Amount | Up to PKR 30 million |
| Interest Rate | 0% (Completely Interest-Free) |
| Method of Application | Online through rozgar.psic.punjab.gov.pk |
What is the Karobar Card Loan Scheme?
The Karobar Card Loan Scheme Punjab is a financial creativity launched by the Punjab Government to provide interest-free loans to SMEs and startups. This package aims to:
- Empower small businesses and startups with necessary capital.
- Encourage entrepreneurship by removing financial hurdles.
- Create employment opportunities through business growth.
- Boost Punjab’s economy by supporting local enterprises.
This scheme particularly benefits young tycoons, IT startups, and low-income families, enabling them to pursue supportable growth without monetary stress.
Features of the Karobar Card Loan Scheme
- Loan Amount: Up to PKR 30 million.
- Interest Rate: 0% (completely interest-free).
- Repayment Period: Flexible terms up to 7 years.
- Digital Transactions: Managed securely via the Karobar Card.
- Target Audience: SMEs, startups, and IT enterprises in Punjab.
Benefits of the Karobar Card Loan Scheme
The scheme provides several advantages:
- Financial Support: Access to large, interest-free loans reduces financial burden.
- Encourages Entrepreneurship: Promotes innovation and business growth.
- Job Creation: Growth of businesses leads to more job opportunities in Punjab.
- Digital Management: Secure and convenient contacts through the Karobar Card.
- Economic Growth: Braces Punjab’s economy by fostering local enterprises.
Eligibility Criteria
To ensure the right persons and businesses benefit, the Punjab Government has drew specific eligibility requirements:
- Residency: Applicants must be enduring residents of Punjab.
- Business Registration: Only registered businesses in Punjab are eligible.
- Age Limit: Applicants must be between 18 to 55 years old.
- Target Groups: SMEs, startups, IT trades, and low-income families.
Required Documents for Application
Prepare the following documents before applying:
- Valid CNIC: Proof of identity and Punjab residency.
- Proof of Residence: Utility bill or rent agreement settling your address.
- Business Registration Certificate: Verification of your business’ validity.
- Bank Statements: Last 6 months of financial dealings.
- Business Plan: Complete details on how the loan will be utilized.
- Photographs: Two recent passport-sized photos.
Step-by-Step Guide to Apply
Applying for the Karobar Card Loan Scheme Punjab is straightforward:
- Visit the Official Website: Go to psic.punjab.gov.pk.
- Create an Account: Register with your email and mobile number.
- Fill the Application Form: Enter personal and business details precisely.
- Upload Required Documents: Attach all necessary documents.
- Submit Your Application: Review your information before submission.
- Loan Disbursement: Upon approval, the loan amount will be official to your Karobar Card.
Loan Amount and Repayment Terms
The Karobar Card Loan Scheme Punjab offers loans with flexible terms:
- Small Loans: Up to PKR 1 million for small businesses.
- Medium Loans: Up to PKR 3 million for medium initiatives.
- Large Loans: Up to PKR 30 million for recognized businesses.
Repayment Terms:
- Interest-free loans with payment periods of up to 7 years.
- No hidden fees or charges during the request process.
Impact on Punjab’s Economy and Entrepreneurship
The Karobar Card Loan Scheme has a transformative impact on Punjab’s economy:
- Encourages Innovation: Supports startups and new business ideas, specially in tech.
- Boosts Employment: More trades result in increased job chances.
- Reduces Poverty: Offers financial assistance to low-income families.
- Strengthens the Economy: Promotes bearable growth through local creativities.
Conclusion
The Karobar Card Loan Scheme Punjab 2025 is a visionary ingenuity designed to empower small and medium businesses by offering interest-free loans. With flexible refund terms, simple application processes, and digital organization, this program is a golden chance for entrepreneurs and startups in Punjab. By fostering innovation and reducing financial barriers, the scheme not only benefits folks but also contributes knowingly to Punjab’s economic wealth.
Entrepreneurs are fortified to prepare their business plans and apply through the official portal to avail themselves of this excellent chance.
FAQs
Who can apply for the Karobar Card Loan Scheme?
Entrepreneurs residing in Punjab with a registered business can apply.
Is the loan completely interest-free?
Yes, all loans under this scheme are interest-free.
Can startups apply for this loan?
Yes, startups with a solid business plan are eligible to apply.
What is the maximum loan amount I can apply for?
The maximum loan amount is up to PKR 30 million.
How can I apply for the loan?
Visit the official portal at rozgar.psic.punjab.gov.pk and follow the application steps mentioned above.