You can now get an interest free loan under the new initiative of the Punjab government, which is a Rs300 billion financing programme.
The Minister of Industries and Commerce of Punjab, Chaudhry Shafay Hussain, has announced a Rs300 billion financing programme aimed at promoting industrial and commercial activities across the province, with interest-free loans of up to Rs100 million available under the scheme.
According to media reports, the minister made the announcement during a meeting of the Board of Directors of the Punjab Small Industries Corporation (PSIC), held at PESSIC House on Davis Road.
The meeting reviewed measures to accelerate industrial development and approved several decisions concerning the province’s small industrial estates and business financing initiatives.
Hussain said interest-free financing was being provided under the Punjab government’s Chief Minister’s Asaan Karobar Finance Scheme.
Under the announced financing structure, loans of up to Rs100 million would be offered without interest. Loans ranging from Rs100 million to Rs1 billion would carry an interest rate of 3%, while financing between Rs1 billion and Rs5 billion would be subject to a 5% markup.
The programme is intended to support business activity and encourage investment in Punjab. However, further details about eligibility criteria, application procedures and the availability of funds were not provided in the information released about the meeting.
The minister also directed officials to speed up infrastructure improvement work in Punjab’s 24 small industrial estates.
The meeting was informed that a new small industrial estate had been established in Mandi Bahauddin. The process of acquiring plots there would be conducted entirely online, while a 20% quota had been reserved for overseas Pakistanis.
The initiative is part of broader efforts to facilitate investors and strengthen industrial activity across the province.
You can apply for an interest-free business loan under the Punjab government’s CM Punjab Asaan Karobar Scheme online. The right application depends on how much money you need and what type of business you want to start or expand.
How to apply?
Here is a complete guideline on how to apply for the programme:
Asaan Karobar Finance
· Loan: Rs1 million to Rs30 million under the published scheme terms.
· Interest for the borrower: 0%.
· Intended for starting or expanding a business.
· Generally for applicants aged 25–55 who meet the tax and credit requirements.
Asaan Karobar Card
· Financing of up to Rs1 million.
· 0% interest for the borrower.
· For small businesses, including prospective entrepreneurs.
· Published eligibility: ages 21–57, with a valid CNIC and a mobile number registered in your name.
Now for the further application process:
1. Open the relevant official portal above.
2. Check whether applications are currently being accepted.
3. Prepare your CNIC, mobile number, business details and any required tax or registration documents.
4. Complete the online application and pay only the officially specified processing fee.
5. For help, call the Punjab government scheme helpline at 1786.
