Step-by-Step Guide: How to Apply for CM Punjab Asaan Karobar Finance

Learn how to apply for CM Punjab Asaan Karobar Finance with our step-by-step guide to simplify your expansion plan. Starting or expanding a business in Punjab just got a lot easier, thanks to the Chief Minister’s Asaan Karobar Finance Program. This initiative offers interest-free loans to small and medium-sized enterprises (SMEs), aiming to boost economic growth by supporting entrepreneurship and job creation across the province. If you’re from Punjab, Pakistan, and planning to start or expand your business then it’s a great opportunity to avail the interest-free business loans offered by Govt of Punjab. Make sure to understand how to apply for CM Punjab Asaan Karobar Finance effectively to benefit from this program.
How to Apply for CM Punjab Asaan Karobar Finance
Who Can Apply for CM Punjab Asaan Karobar Finance
Don’t hesitate to ask for assistance if you need help learning how to apply for CM Punjab Asaan Karobar Finance.
Before diving into the application process, let’s ensure you meet the eligibility criteria:
• Business Size: Small enterprises with annual sales up to PKR 150 million, and medium enterprises with sales between PKR 150 million and PKR 800 million.
• Age: Applicants should be between 25 and 55 years old.
• Tax Compliance: Active tax filers with no credit defaults.
• Location: Both your residence and business must be in Punjab.
• Identification: A valid CNIC and National Tax Number (NTN) are required.
• Business Premises: You should own or rent a place for your business.
If you meet these criteria, you can proceed with the application.
Loan Details of CM Punjab Asaan Karobar Finance
The program offers two tiers of loans:
Tier 1 (T1):
• Amount: PKR 1 million to PKR 5 million.
• Security: Personal guarantee.
• Tenure: Up to 5 years.
• Processing Fee: PKR 5,000 (non-refundable).
Tier 2 (T2):
• Amount: PKR 6 million to PKR 30 million.
• Security: Secured loans.
• Tenure: Up to 5 years.
• Processing Fee: PKR 10,000 (non-refundable).
Both tiers offer a 0% interest rate, making it easier for businesses to manage repayments.
Documents Preparations for Asaan Karobar Finance
Get these documents in hand, before initiating the process to apply for CM Punjab Asaan Krobar Finance:
• A recent passport-sized photo or a clear selfie.
• Scanned copies of your CNIC (front and back).
• A mobile number registered in your name.
• Details of two non-relative references, including their CNIC copies and contact numbers.
• Proof of business and residence, such as rent agreements or ownership documents.
• If applying for a Tier 2 loan, details of the security you’ll offer, like property documents.
Overall, learning how to apply for CM Punjab Asaan Karobar Finance will streamline your application process.
Step 1: Register on the Official Portal to Apply for CM Punjab Asaan Karobar Finance
With your documents in hand, it’s time to apply online:
Visit the Official Portal: Open the Asaan Karobar Finance Login website https://akf.punjab.gov.pk/login.
Sign Up: Click on REGISTER NOW to register using your mobile number (it must be registered in your name) for CM Punjab Asaan Karobar Finance apply online.

3. Fill in your correct Personal Information including Name, Father’s Name, CNIC, Date of Birth, CNIC Number with Issue and Expiry Date, Mobile Number with correct Mobile Network, City Information, Address, NTN, PEP Status and Create a Password: Set a strong password for security. (Tip: Use 8 character password, a capital letter at the start, a special character, and numbers as shown in the screenshot below)


This portal is designed to make the application process easy for users.
Step 2: Complete the Application Form
Once registered:
1. Login using your CNIC number and password on Asaan Korbar Finance Login Page.

For the steps below always press Save Button before pressing the Next Button, else the data will not be saved.
Remember, knowing how to apply for CM Punjab Asaan Karobar Finance will empower you to take full advantage of this opportunity.
2. Complete your profile information with Name, Father’s Name, CNIC, email, DOB, CNIC Issue and Expiry, Mother Name, Disability if any, Gender, mobile phone information, address information, city, NTN, residence status, PEP status and click Next.


3. Enter your existing business status, type of loan required (Tier-1 PKR1-5M or Tier-2 PKR5-30M), Loan Period, and your credit history if any other loan is obtained from any bank.

4. Enter your existing business name, contact person, phone number, address, sales, city, number of employees, premises status, registration details, and brief business description. Add your information in the bottom table with 100% ownership status if you are the sole owner of the business.

5. Enter the financial information of the business like purposes of loan, business nature, its status, partners share if any, experience, vehicle info if any, business sector, sales in units, per unit price, number of employees, employees cost, rent, utility expense, and other business expense.

6. Enter the 2 references information who are not your blood relations. Type thier name, mobile number, CNIC, Issue Date, and relationship.

6. Attach your clear picture, CNIC copy image from Front & Back. Attach CNIC copies of Partners, Deed, and other documents if applicable. Attach the 1-2 Years Bank Statment of Account if you do have one, it will have the plus points in loan approval if it contains the cash flows or money inflows and outflows reflecting your business activity. Attach your last 2 years’ Income Tax Returns and any other supporting documents if you do have.

7. Next Read and Accept the Declaration by clicking the check box at the bottom stating ‘Please accept the undertaking’ and then Click the Proceed Button.

8. As you click the Proceed Button, the system will show you the following message for successful application submission.

Make sure all information is accurate and complete to avoid delays.
Step 5: Pay the Processing Fee – MOST IMPORTANT
To submit your application, you need to pay a non-refundable processing fee of PKR5,000 for a loan up to 5.0M or PKR10,000 for a 5.0M to 30.0M loan facility. The portal will display a system-generated 19-digit PSID number displayed at the top data section along with Status: UNPAID.
This 19-digit PSID can easily be paid from any Bank’s Mobile App or ATM using the 1Bill – Invoice/Fixed Payment Biller Option. The PSID can also be paid on any bank’s counter including NBP and BOP. After payment, upon fresh login, the PSID status will be updated to PAID.

Step 6: Submit the Application
- Review all the information to ensure everything is correct.
- Click ‘Submit’ to finalize your application.
After submission, you’ll receive a confirmation message and a registration number. Keep this number safe, as it will help you track your application’s progress.
Questions and Queries about Asaan Karobar Finance
- Call the dedicated helpline at 1786
- Visit the Online website at https://akf.punjab.gov.pk/cmpunjabfinance
- Visit or Call any local office of Punjab Small Industries Corporation – PSIC Offices
Next Step of the Application Process?
After submission, the application will go through three verification stages:
• Digital Verification: Your CNIC and personal details will be verified online.
• Credit Assessment: A credit history check and a psychometric assessment may be conducted.
• Physical Verification: Officials will visit your business location within six months of loan approval and then once a year to ensure compliance.
If all checks are cleared, you will receive your Asaan Karobar Finance, granting access to the loan facility.
Key Features of the Asaan Karobar Finance
This program offers flexible and easy-to-use financial assistance for existing small business owners. Here’s the additional information about the facility.
Grace Period: Up to 6 months for startups and 3 months for existing businesses.
Equity Contribution:
• 0% for Tier 1 loans, except for leased commercial vehicles, which require a 25% contribution.
• 20% for other loans under Tier 1 and Tier 2.
Reduced rate of 10% applies to females, transgender individuals, and differently-abled persons.
Repayment Terms: Loans are to be repaid in equal monthly installments as per the approved terms.
Late Charges: PKR 1 per PKR 1,000 per day on overdue amounts.
Additional Costs: Handling fees are NIL for setting up new businesses, 3% per annum for existing businesses, and NIL per annum for climate-friendly businesses under Tier 2. Insurance, legal, and registration charges apply as per actual costs.
For more details and the latest updates about the program, visit the official website: akf.punjab.gov.pk.
Additional Support for Existing Entrepreneurs
To further assist business owners for CM Punjab Asaan Karobar Finance, help desks are available with Punjab Small Industries Corporation (PSIC) and the Bank of Punjab (BOP).
With the CM Punjab Asaan Karobar Fiance Scheme, existing small business owners now have an easy and affordable way to access funds, grow their businesses, and contribute to the economic development of Punjab.
If you meet the eligibility criteria and running an existing business, don’t miss this opportunity! Apply today and take your business to the next level with the scheme!
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open the provided link in the article, follow the steps and apply online.