The Asaan Karobar Finance Scheme, launched by CM Punjab Maryam Nawaz, is designed to support young entrepreneurs by providing financial assistance to help grow and empower their businesses. To ensure your application is successful, there are several important steps and requirements you need to follow. Below is a comprehensive guide outlining the prerequisites, necessary documentation, and key guidelines for applying.
For More Information: Requirements To Apply Asaan Karobar Card
Pre-Application Requirements
Before you begin your application, make sure you have the following prerequisites in place:
- Passport-Size Photograph or Selfie
- Valid CNIC (Front and Back Copies)
- Mobile Number registered under your CNIC
- References
- Names, CNIC copies, and mobile numbers of two individuals (they cannot be blood relatives).
- Active Tax Filer Status
- Ensure you are an active tax filer before applying.
- Business Income and Expense Information
- Be prepared to provide details of your business’s financial situation.
- Eligibility Criteria
- Ensure you meet the scheme’s eligibility requirements.
- Proof of Business Location
- Provide a copy of the Rent Agreement, Registry, or Transfer Letter for the business and residence addresses (only one document is required).
- Application Fee
- A non-refundable fee of 5000 PKR for Tier-1 applicants and 10,000 PKR for Tier-2 applicants.
- Collateral for Tier-2 Loans
- Applicants for Tier-2 loans must provide security details such as a Property Transfer Letter, Registry, Fard, or Government Securities.
Documentation to Upload During the Application Process
When submitting your application, you will need to upload the following documents:
- Passport-Size Picture/Selfie
- CNIC Front and Back Copies
- CNIC Copies of Partners/Directors
- Partnership Deed, Form H, and Partnership Resolution
- Tax Returns
- The latest tax return for the business and its directors/partners.
- Business Financials
- If applicable, provide audited or projected financial statements.
- Feasibility Report
- A detailed business feasibility report.
- Commercial Vehicle License
- For logistics businesses, include a copy of the commercial vehicle license.
- Account Statements
- 1-2 years of business account statements if applicable.
- Additional Business Documents
- Any other relevant business-related documents that may support your application.
For More Information: Asaan Karobar Card Eligibility Criteria Complete Details
Guidelines for Submitting Your Application
Here are some essential tips for ensuring a smooth application process:
- Accuracy is Crucial
Ensure that all details you provide are correct before submitting your application. - Use the Registered Mobile Number
Your application must be linked to the mobile number registered on your CNIC. - Application Duration
Completing the application can take up to 15 minutes, so make sure you have all the required information ready. - Double-Check Your Details
Review and proofread your application to avoid any errors before submission. - Save Drafts
You can either complete the application in one go or save it as a draft for later submission. - Timely Submission
After you submit your application and pay the fee, the process will begin. - Confirmation
Once your application is submitted, you’ll receive a registration number on-screen and via SMS. You can use this number to track your application’s status through the portal. Updates will also be sent via SMS.
Helpline and Support
If you have any questions or need assistance with the application, you can reach out to the dedicated helpline:
Helpline Number: 1786
Final Thoughts
The Asaan Karobar Finance Scheme offers a great opportunity for young entrepreneurs. By ensuring that you meet the prerequisites and submit the required documents correctly, you can increase your chances of approval. Make sure to follow the guidelines carefully to avoid any delays in processing. If you need more information or help, don’t hesitate to contact the helpline.
Frequently Asked Questions
1. Which mobile number can I use to apply for the Asaan Karobar Finance Scheme?
Your mobile number must be registered on your CNIC to complete the application.
2. Do I need to upload all the required documents?
Yes, uploading the required documents is mandatory for the processing of your application.
3. When does the application processing begin?
Application processing begins once you’ve submitted your application and paid the required fee.
4. What are the application fees for the Asaan Karobar Finance Scheme?
The fee is 5000 PKR for Tier-1 applicants and 10,000 PKR for Tier-2 applicants, which is non-refundable.