Punjab No-Interest Business Loan PSIC. If you’re searching for Punjab no-interest business loan 2025 and want a clear, updated PSIC-backed guide, you’re in the right place. This article explains how these loans work, how to apply online, who qualifies, and how schemes like the Asaan Karobar Card support entrepreneurs through digital financing.
Punjab’s No-Interest Business Loans 2025
The Government of Punjab has launched a series of interest-free business loan programs to uplift small and medium entrepreneurs. These include digital solutions like the CM Punjab Asaan Karobar Card, Parwaz Card, and Punjab Rozgar Scheme, all managed with support from the Punjab Small Industries Corporation (PSIC).
These initiatives provide 0% mark-up financing up to PKR 1,000,000, making it easier for young entrepreneurs, shopkeepers, freelancers, and startups to grow their businesses without the burden of bank interest.
Key No-Interest Business Loan Schemes in Punjab (2025)
Punjab has multiple financing options, but three stand out:
1. CM Punjab Asaan Karobar Card (AKC)
The Asaan Karobar Card is Punjab’s flagship interest-free loan program. It gives small business owners digital access to revolving credit up to PKR 1 Million.
Major Benefits
- 0% interest
- Digital access via mobile app
- Vendor payments through POS
- Utility bill payments
- Limited cash withdrawal
- Transparent & trackable spending
The card functions like a digital business wallet, ensuring every rupee is used for business growth.
2. CM Punjab Parwaz Card
Another digital financing option, the Parwaz Card, supports SMEs with easier applications, online verification, and business spending audits.
3. Punjab Rozgar Scheme
Managed by the Bank of Punjab, this scheme offers both interest-free and low-interest financing. It covers startups, small manufacturers, traders, and rural entrepreneurs
Role of PSIC in Loan Programs
The Punjab Small Industries Corporation (PSIC) plays a central role in these schemes.
- Application facilitation
- Document verification
- Business guidance
- Loan implementation support
- Connecting entrepreneurs with relevant banks
Entrepreneurs can visit their nearest PSIC office or the PSIC website for official updates.
How to Apply for Punjab’s No-Interest Business Loans (Step-by-Step Guide)
Whether you apply through akf.punjab.gov.pk, akc.punjab.gov.pk, or visit an e-Khidmat Center, the steps are similar.
Step 1 — Visit the Official Loan Portal
Popular portals include:
- akf.punjab.gov.pk
- akc.punjab.gov.pk
- Digital Youth Hub portals
These portals handle all forms, verifications, and application tracking.
Step 2 — Create an Account
You’ll need:
- CNIC
- Registered mobile number
- Email address
Enter the OTP to verify your identity.
Step 3 — Fill Out the Application Form
Provide:
- Personal details
- Business name & type
- Loan amount required
- Location
- Experience (if any)
- Expected business revenue
Step 4 — Upload Required Documents
Prepare clear digital copies of:
- CNIC (front & back)
- Passport-size photo
- Business plan
- Bank statements (if any)
- Utility bill (for address verification)
- Optional: Shop license, tax certificate
Step 5 — Pay the Processing Fee
For the Asaan Karobar Card, a non-refundable Rs. 500 fee is charged.
Step 6 — Verification & Approval
Digital checks include:
- CNIC verification
- Credit profile inspection
- Psychometric test
- Business address verification (Urban Unit)
Applicants are notified via SMS or email.
Asaan Karobar Card 2025 – Full Features & Limits
The loan structure is designed to encourage responsible business spending.
Loan Structure
| Feature | Details |
|---|---|
| Maximum Limit | PKR 1,000,000 |
| Loan Type | Revolving credit |
| Grace Period | 3 months |
| Repayment Period | 24 months |
| Cash Withdrawal | Max 25% of limit |
| Interest Rate | 0% interest |
| Processing Fee | Rs. 500 (one-time) |
| Annual Card Fee | Rs. 25,000 + FED |
| Limit Release | 50% now + remaining 50% after 6 months |
Usage Allowed
- Vendor payments
- Utility bills
- Business tax payments
- Digital POS transactions
- Inventory purchase
Usage NOT allowed
- Personal shopping
- Non-business transfers
- Cashing out full limit
Eligibility Criteria for No-Interest Loans (2025)
To qualify, you must:
- Be 21 to 57 years old
- Hold valid Punjab CNIC
- Reside in Punjab
- Have a business in Punjab (new or existing)
- Pass psychometric + creditworthiness test
- Use a registered mobile number
- Submit only one application per person
Within 6 months of card issuance, you must register with PRA or FBR.
Loan Repayment Terms
Repayment begins after the grace period.
- 3-month grace period
- Minimum monthly payment = 5% of outstanding balance
- Remaining amount = paid over 24 months
This ensures manageable repayment for small entrepreneurs.
Security & Verification Process
To maintain transparency, Punjab Govt has added multiple safety layers.
Measures Include:
- Digital personal guarantee
- Life assurance coverage
- Urban Unit inspection within 6 months
- Annual physical business check
- Card disabling if business misuse detected
These safeguards help maintain a fair system for everyone.
Application Deadline & Latest Update
The 2025 registration phase closed on June 1, 2025.
However, a new phase is expected in early 2026.
For updates:
- Check AKC portal regularly
- Follow the Digital Youth Hub
- Call 1786 helpline
Conclusion
Punjab’s no-interest business loan initiatives, led by programs like the Asaan Karobar Card, are transforming entrepreneurship across the province. With PSIC guidance, digital verification, and transparent financing, small businesses now have a powerful opportunity to grow without debt pressure.
