Karobar Loan Scheme Maryam Nawaz How To Apply

The Karobar Loan Scheme 2025 was created by the Government of Punjab, led by Chief Minister Maryam Nawaz, as a big plan to help small businesses in Punjab and encourage people to become entrepreneurs. This program offers interest-free loans to those who want to start or grow a small business but lack the funds.

The Karobar Loan Scheme is part of Maryam Nawaz’s larger vision to create job opportunities, promote self-employment, and strengthen the economy by empowering youth and low-income individuals. This article provides a step-by-step guide on how to apply, eligibility criteria, loan structure, repayment plan, and everything else you need to know.

🎯 Purpose of the Scheme

The Karobar Loan Scheme aims to tackle a persistent problem: the insufficient availability of affordable credit for micro and small businesses. In Pakistan, especially in Punjab, thousands of young people and skilled individuals can run successful businesses but are unable to get loans due to complex banking procedures or high interest rates.

With this scheme, the government is providing a simple, interest-free, and digital solution for such people. The scheme promotes:

Financial inclusion
Youth entrepreneurship
Job creation
Women’s empowerment
Local business development

✅ Eligibility Criteria

To ensure that the most deserving people benefit from this scheme, certain eligibility rules have been defined. You can apply for the Karobar Loan Scheme if you meet the following criteria:

You are a resident of Punjab.
You have a valid CNIC (Computerized National Identity Card).
You are between the ages of 21 and 57 years (or 18+ with income).
You own a small business or want to start a new one.
You have a mobile number registered in your name.
You agree to register your business with FBR/PRA (if required).
You are ready to go through a creditworthiness assessment.
One application per person is allowed.

📝 Step-by-Step Application Process

Applying for the Karobar Loan Scheme is a simple online process. Follow these steps:

1. Visit the Official Portal

Go to the official website:👉 https://akc.punjab.gov.pk

2. Register an Account

Click on “Register Now” and provide:

CNIC number
Mobile number
Date of birth
Set a strong password

3. Fill Out the Application Form

You will be asked to provide:

Full name, address, and contact details
Educational qualification
Current business details or a new business idea
The loan amount required and how you will use it

4. Upload Required Documents

Make sure to upload:

CNIC (front and back)
Recent passport-size photo
Proof of business (if available)
Bank statement or proof of income

5. Pay the Application Fee

A non-refundable processing fee of Rs. 500 must be paid
Payment can be made through ATM, internet banking, mobile apps, or bank branches using the generated PSID

6. Submit the Application

After paying the fee, click “Submit”. You’ll receive an SMS confirmation. Keep your registration number safe to check your application status later.

💳 About the Karobar Card

Once approved, applicants will receive a Karobar Card, which is like a business debit card. It allows:

Digital payments to vendors and suppliers
Business-related purchases
Limited cash withdrawals (25% of the loan)
Loan usage tracking and repayment reminders

Additionally, the card comes with fraud and loss insurance, ensuring secure usage for business owners.

🔁 Loan Repayment Plan

Period	Payment Requirement
Months 1–3	Grace period (no payment required)
Months 4–12	Only 5% of the principal is repaid monthly
Months 13–36	The remaining amount in equal monthly EMIs

Making timely repayments could potentially qualify you for a second loan or a higher limit in the future.

🧾 Terms and Conditions

The loan is only for business use, not personal or household needs.
Only 1 loan per applicant is allowed.
You must start utilizing the funds within 6 months of disbursement.
Failure to repay will result in penalties and bank action.
The government may verify your business through site visits.
Businesses must be registered with PRA (Punjab Revenue Authority) or FBR within the first 6 months of loan use.

🌟 Final Thoughts

For thousands of aspiring entrepreneurs across Punjab, the Maryam Nawaz Karobar Loan Scheme 2025 is a transformative opportunity. This scheme, featuring zero interest, a flexible repayment plan, and digital management through a Karobar Card, offers genuine financial freedom to hard-working Pakistanis. Whether you’re a tailor, a shopkeeper, a home-based seller, or someone with a new startup idea, the programme is your chance to grow. We invite you to apply now and take charge of your financial future.

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