Register for Akf Punjab Gov Pk
In an effort to empower young people and encourage business, Maryam Nawaz Sharif, the chief minister of Punjab, introduced the Asaan Karobar Card Loan Scheme. The program helps establish or expand enterprises by providing interest-free loans between Rs. 100,000 and Rs. 1 million. This is a fantastic chance for young Punjabis who want to launch or grow their enterprises. Follow these instructions to register online and find out more about the loan program.
Exactly what is an Asaan Karobar Card?
The Asaan Karobar Card is a financial tool created by the Punjab government to help small enterprises and young entrepreneurs by providing interest-free loans. This program seeks to reduce financial obstacles for entrepreneurs looking to establish or develop their businesses by providing a flexible payback structure for success in both new and current operations.
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Main Advantages:
Summary of Loans
• Falling between Rs. 100,000 and Rs. 1 million.
• Three years with a three-month grace period for repayment.
• 0% interest-free.
• Beneficial for company expenditures.
Qualifications for the Asaan Karobar Card
Application Procedure for Asaan Karobar Cards
• Residence and Age: Punjab, Pakistan; age range: 21–57 years.
• Business Status: A Punjabi company that is either started or planned has a spotless credit history and no past-due debts.
• Individual requirements include a registered cellphone number, a valid CNIC, a solid credit history, and a psychological evaluation.
• Additional Requirements: Individuals and businesses may only submit one application.
• Business Registration: After obtaining the card, register with the Federal Board of Revenue or the Punjab Revenue Authority within six months.
Detailed Instructions for Applying for the Asaan Karobar Card
Registration Procedure for Asaan Karobar Cards
Here is the link to the official Asaan Karobar Card website: https://akc.punjab.gov.pk.
Create an account with your name, address, phone number, and CNIC.
• To log in, enter your password and CNIC.
• Provide your gender, educational background, work position, and number of dependents.
• Type in your company’s name, address, contact details, and date of establishment.
• Choose a loan amount and purpose (between Rs. 100,000 and Rs. 1 million) and how to utilize it to expand your business.
• Upload the necessary files, including the front and rear CNICs as well as the director or business partner CNICs.
• A 500 rupee non-refundable processing charge must be paid.
Terms of Loan Use and Repayment
Utilizing Loans and Paying Them Back
• Loan Use: During the first six months, 50% of the loan is accessible for critical company requirements.
• After PRA/FBR registration, consistent repayments, and responsible use, the remaining 50% is issued.
• Terms of Repayment: Following a three-month grace period, begin making equal monthly payments over a two-year term and pay at least 5% each month.
Important Aspects and Limitations
Features and Limitations of the Akf Punjab Gov Pk Login:
• The annual card fee is Rs. 25,000 plus FED, which is subtracted from the loan balance.
• Late Payment Fees: assessed in accordance with bank regulations.
• Security: Needs life insurance and a personal guarantee.
• Restrictions on Usage: Money for business-related purposes only, not for private spending.
Extra Help for Candidates
Government Business Resources in Punjab:
- The websites of PSIC and BOP provide access to feasibility studies for new and beginning companies.
- Offer consulting services for registering a firm and allocating funds efficiently.
Final Remarks
A fantastic opportunity for Punjab’s small company owners and young entrepreneurs is the Akf Punjab Gov Pk Login Loan Scheme. It provides zero interest rates, a flexible payback schedule, and an uncomplicated registration process. Applicants who meet the eligibility requirements can apply for the loan via https://akc.punjab.gov.pk. Getting the Asaan Karobar Card helps Punjab’s economy flourish and promotes financial independence. Get your business off the ground right away.
FAQs
What is the AKC, or Asaan Karobar Card?
The Punjab government has introduced the Asaan Karobar Card, a lending scheme that offers interest-free loans between Rs. 100,000 and Rs. 1 million to assist small companies and young entrepreneurs in overcoming financial obstacles and expanding their enterprises.
What are the AKC’s eligibility requirements?
Conditions for Applying for a Punjab Card
• Candidates must be between the ages of 21 and 57 and in Punjab.
• The business must be planned or operating free of credit problems and past-due bills.
• Individual needs: a current CNIC, a registered cell phone number, and a spotless credit record.
• One application per company or individual.
• Within six months, registration for the FBR or PRA is required.
How can I apply for a Karobar card in Asaan?
Procedure for Applying for a Loan:
The official website may be accessed at https://akc.punjab.gov.pk.
• Provide your name, contact information, and CNIC to create an account.
• Complete the application by providing your business and personal information.
• Choose the loan’s purpose and amount.
Upload the necessary files.
• A processing charge of Rs. 500 is due.
What are the conditions and procedures for loan repayment?
Terms of Loan Use and Repayment
After responsible use and PRA/FBR registration, 50% of the funds are released, with the remaining 50% being accessible for initial company requirements.
• A grace period of three months, after which equal monthly installments are made for two years.
The monthly minimum payment is 5% of the loan balance.
What are the AKC Loan Scheme’s salient characteristics and constraints?
An Overview of Loan Fees
Rs. 25,000 plus FED is the annual fee.
• Bank policy: late fees for payments.
• Life insurance and a personal guarantee are necessary for security.
• Only money is used for business.