Maryam Nawaz Loan Scheme Apply Online
Maryam Nawaz Loan Scheme Apply Online The Maryam Nawaz Loan Scheme, also known as the Asaan Karobar Finance Programme, is an exciting initiative introduced by the Punjab government to help small and medium enterprises SMEs thrive.
The goal of the scheme is to provide interest-free loans ranging from 1 million to 30 million to entrepreneurs looking to expand or start their businesses in Punjab. Maryam Nawaz launched the Asan Karobar Card and Asan Finance Scheme. Under this scheme, you can get a loan amount. The loan amount has been kept in a very large amount this time. You can get this loan and can also repay it in easy installments. See the article on our website by Punjab Minister Maryam Nawaz.
If you’re a business owner or aspiring entrepreneur in Punjab, this scheme could be the perfect opportunity for you. This article will guide you through everything you need to know about applying for the loan, the eligibility criteria, required documents, and how to use the funds.
Loan Details
| Tier | Amount | Security | Tenure up to | End-User-Rate | Processing Fee |
|---|---|---|---|---|---|
| T1 | 1M-5M | Personal Guarantee | 5 years | 0% | 5,000 |
| T2 | 6M-30M | Secured | 5 years | 0% | 10,000 |
Features of the Maryam Nawaz Loan Scheme
- One of the most attractive features of this scheme is that the loans are interest-free. This means that borrowers don’t have to worry about hefty interest rates, making the loan much easier to repay. The loan amount ranges from 1 million to 30 million, which is ideal for small businesses looking to expand or new businesses needing startup capital.
- The loan repayment process is designed to be convenient and affordable. You can repay the loan in easy installments, making it manageable for business owners who may not have large amounts of cash flow in the initial stages of their business.
- Unlike many other loan schemes, the Asaan Karobar Finance Programme doesn’t require you to submit No-Objection Certificates NOCs, business licenses, or business blueprints. This streamlined process helps entrepreneurs avoid the hassle of extensive paperwork and requirements, speeding up the approval process.
- The scheme is specifically designed to support small businesses and entrepreneurs, helping them expand or start new ventures. Whether you’re running an existing business or looking to start a new one, this loan can give you the financial boost you need.
Eligibility Criteria for Maryam Nawaz Loan Scheme 2025
Before you apply for the loan, you need to ensure that you meet the eligibility requirements. Here are the basic criteria:
- Age Requirement You must be between 21 and 57 years old.
- CNIC A valid CNIC issued by NADRA is required.
- Residence You must be a resident of Punjab as per your CNIC.
- Registered Mobile Number Your mobile number should be registered with your CNIC.
- Business Location The business you own or plan to start must be located in Punjab.
- Tax Filer: You must be a tax filer and have a clean credit history.
- Single Application: Only one application can be submitted per individual and business.
Documents Required for Application
To apply for the Maryam Nawaz Loan Scheme, you need to have the following documents ready:
- CNIC National Identity Card
- A passport-size photo
- Proof of tax filing tax return
- Business income and expenses details
- Rent agreement or property documents for your business and residence
- CNIC copies and contact details of references
How to Apply Online for Maryam Nawaz Loan Scheme 2025
Applying for the Asaan Karobar Finance Programme is simple and convenient, thanks to the online application process. Follow these steps to apply for the loan:
Step 1 Visit the Official Portal
Go to the official website for the Maryam Nawaz Loan Scheme: akf.punjab.gov.pk to apply for the finance program. Alternatively, you can visit akc.punjab.gov.pk to apply for the Asaan Karobar Card.
Step 2 Fill Out the Application Form
Once on the website, you will need to fill out the online application form. Provide your personal details, including your CNIC number, contact information, and business details. Be sure to complete all fields marked with an asterisk as they are mandatory.
Step 3 Upload Required Documents
Upload clear, scanned copies of your CNIC, proof of tax filing, business ownership documents, and any other required documentation. Ensure that all the documents are clear and legible.
Step 4 No Need for NOCs or Licenses
Unlike many other loan programs, the Asaan Karobar Finance Programme does not require you to submit any No-Objection Certificates NOCs business licenses, or blueprints. This makes the process simpler and faster.
Step 5 Application Review
Your application will be reviewed by the Bank of Punjab. If your application is approved, you will receive a notification, and the loan will be disbursed.
Step 6 Helpline Assistance
If you have any questions or need assistance during the application process, you can contact the helpline at 1786 for support.
How to Use the Loan Funds
Once you receive the loan, you can use the funds in several ways to help grow your business:
- Paying vendors and suppliers
- Covering utility bills
- Paying government fees
- Cash withdrawals up to 25% of the loan limit
It’s important to note that borrowers must register with PRA/FBR within six months of receiving the loan.
Conclusion
The Maryam Nawaz Loan Scheme, under the Asaan Karobar Finance Programme, is a groundbreaking initiative by the Punjab government designed to provide interest-free loans to small and medium enterprises SMEs This scheme is a fantastic opportunity for entrepreneurs in Punjab who need financial support to grow their businesses or start new ventures. With easy repayment plans, no pre-approval requirements, and additional benefits like land subsidies and free solar systems, this loan scheme is a game-changer for business owners.
If you meet the eligibility criteria and have the required documents, apply online today through the official portals to take the first step toward growing your business. With this financial support, you can unlock new opportunities and contribute to the economic development of Punjab.