Eligibility Criteria for Asaan Karobar Card | Important Guidelines

Are you going to apply for the Asaan Karobar Card Scheme? Please read out the eligibility criteria for Asaan Karobar Card below before starting your application. This criterion must be fulfilled for a smooth and eligible application for the AKC scheme. There are some common mistakes that an applicant should avoid, which are described below.

Eligibility Criteria for Asaan Karobar Card

The applicants must fulfill the following eligibility criteria to apply for the Asaan Karobar Card Scheme:

Eligibility-Criteria-for-Asaan-Karobar-Card-Scheme
  • A valid CNIC as per NADRA record.
  • A mobile number registered on the applicant’s CNIC/Name.
  • The applicant’s age is between 21 and 57 years.
  • Must be a Pakistani national with residence in Punjab.
  • All small young entrepreneurs (SEs) in Punjab province.
  • The existing or prospective business must be located in Punjab.
  • Clean credit history with no pending or overdue loans.
  • Satisfactory credit and psychometric assessment.
  • Only one application per individual and business is allowed.

Note: Also, check out the “Requirements to apply Asaan Karobar Card“.

Key Conditions

  • The funds can only be used for and restricted to business-related activities. You cannot use the funds for non-business activities. The non-business-related transaction will be blocked.
  • The applicant’s registration with the Punjab Revenue Authority (PRA)/Federal Board of Revenue is mandatory. The registration must be within six months of card issuance.
  • Only one application per individual and business is allowed.

Common Mistakes to Avoid while Applying

Please read out the guidelines below before starting the application process:

1

Incomplete/Incorrect Documentation

This is the most common mistake while applying for the AKF scheme. Applicants must apply with complete and correct required documents. Incorrect or incomplete documentation may cause the delay or rejection of the approval.

2

Eligibility Criteria for Asaan Karobar Card Scheme

The Eligibility Criteria must be fulfilled before applying for the AKC scheme. Ignoring it can result in the rejection of your application. These eligibility criteria are necessary to ensure the smoothness and transparency of the scheme. It also ensures that only those who deserve it get the benefits.

3

Not Having a Good Business Plan/Proposal

Not having a good business plan and proposal results in application rejection. It also results in a loss if your application is approved somehow. You must have a proper business plan with a plan of how you will use the loan money and how you will repay it. 

4

Ignoring Loan Terms

You must have a complete understanding of loan terms. It is necessary to understand the terms before applying so that you can completely understand the purpose of applying. It will help with the application and its approval and avoid inconveniences in the future.

Helpline Number

If you need any help or have questions regarding “Asaan Karobar Finance Scheme” or “Asaan Karobar Card“, please call the toll-free helpline number given below.

Helpline Number
Helpline Number : 1786

Frequently Asked Questions

Yes, you can apply for the Asaan Karobar Card if you don’t have an existing business. This initiative will help young entrepreneurs start and grow their businesses. Any eligible candidate can apply, even without an existing business.

This program is launched by CM Punjab to empower the state’s economy. It is launched only for Punjab residents to establish businesses across Punjab. You must be a resident of Punjab to be eligible to apply for the Asaan Karobar Card Scheme.

Conclusion

Applicants must fulfill the eligibility criteria for the Asaan Karobar Card to apply for this scheme. Applicants must fulfill this eligibility criterion before applying to avoid difficulties and rejections. Moreover, some key conditions should be considered before the application. Read out the important guidelines for the smooth AFC application process.

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