Punjab Government Launches Rs 132 Billion Business Finance and Card Schemes

The Punjab government, led by Chief Minister Maryam Nawaz Sharif, has launched two impactful financial schemes designed to empower small business owners and promote self-employment across the province. With a combined allocation of Rs 132 billion, these initiatives are a crucial step toward boosting economic growth and encouraging entrepreneurship in Punjab.

Scheme NameTotal Allocation (PKR)Key Features
Punjab Easy Business FinanceRs 84 billionInterest-free loans up to Rs 1 million
Punjab Easy Business CardRs 48 billionLoans for startups, utility bill payments, and more

Punjab Easy Business Finance Scheme

Under the Punjab Easy Business Finance Scheme, Rs 84 billion has been allocated, with over Rs 36 billion dedicated to offering interest-free loans. These loans, available up to Rs 1 million, are aimed at men, women, transgender persons, and people with special needs aged between 25 and 55. To qualify, applicants must be active tax filers and must not have defaulted on loans from any financial institution. The loan repayment period is five years, with monthly installments.

Punjab Easy Business Card Scheme

The Punjab Easy Business Card Scheme, with a total allocation of Rs 48 billion, provides loans up to Rs 1 million for small businesses and startups. These loans are interest-free and have a repayment period of three years. The business card can be used for business expenses, such as raw materials, government fees, taxes, and utility bills. Additionally, applicants can withdraw up to 25% of the loan amount as cash.

Punjab Government

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Application Process and Eligibility

To apply for both schemes, individuals must visit the dedicated online portals: akf.punjab.gov.pk for the Easy Business Finance Scheme and akc.punjab.gov.pk for the Easy Business Card Scheme. Applicants can access detailed information and complete the application process online. A toll-free helpline (1786) has also been set up for assistance.

See also: CM Punjab Laptop Scheme 2025 – How to Register for Core i7 13th Generation Laptops

A Vision for Economic Growth and Self-Employment

At the launch event, CM Maryam Nawaz emphasized the importance of these schemes in fostering self-employment opportunities and economic growth. She stated that the government is committed to supporting the youth in becoming active contributors to the economy, especially in increasing exports. The initiatives are designed to ensure that youth in Punjab can actively participate in the province’s economic development.

Conclusion

The launch of the Punjab Easy Business Finance and Easy Business Card Schemes represents a significant effort by the Punjab government to promote entrepreneurship and self-employment. By offering interest-free loans and simplified access to funding, these initiatives will help uplift small businesses and contribute to the province’s economic prosperity. With a focus on empowering youth, women, and marginalized communities, these schemes are set to drive substantial economic growth and job creation across Punjab.

FAQs

1. What is the Punjab Easy Business Finance Scheme?
A scheme providing interest-free loans up to Rs 1 million for small businesses and entrepreneurs.

2. How much total funding has been allocated for both schemes?
A combined total of Rs 132 billion has been allocated for the schemes.

3. Who is eligible for the Punjab Easy Business Finance Scheme?
Eligible applicants include men, women, transgender persons, and individuals with special needs aged 25-55, residing in Punjab.

4. What is the repayment period for the loans?
Loans for the Business Finance Scheme are repayable over five years, while the Business Card loans are repayable in three years.

5. How can I apply for the schemes?
Applications can be made online through the dedicated portals: akf.punjab.gov.pk for the Finance Scheme and akc.punjab.gov.pk for the Business Card Scheme.

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