Punjab Government’s Mega Step to Boost Businesses: Interest-Free Loans Launched!
The Punjab government has unveiled revolutionary schemes to empower small and medium enterprises (SMEs) in the province. Chief Minister Maryam Nawaz Sharif inaugurated the groundbreaking “CM Punjab Asaan Karobar Finance” and “Asaan Karobar Card” initiatives, which are set to transform the business landscape of Punjab.
Key Highlights:
- Interest-Free Loans: Loans ranging from Rs 10 lakh to Rs 3 crore under the Asaan Karobar Finance Scheme will be provided without any interest.
- Easy Installments: Convenient repayment plans ensure ease for budding entrepreneurs.
- Asaan Karobar Card: Loans worth Rs 5 lakh to Rs 10 lakh will be offered through this card for swift access to capital.
- Land at Subsidized Rates: Entrepreneurs will receive land at reduced costs to set up small businesses.
- No Bureaucratic Hurdles: No NOCs, licenses, or maps are needed to apply—simply secure a loan and start your business the very next day!
Additional Incentives:
- Entrepreneurs setting up industries in export processing zones will enjoy special incentives to boost exports.
- Solar Systems Worth Rs 50 Lakh: Offered free to businesses in export zones to promote sustainable practices.
CM Maryam Nawaz Sharif emphasized that these initiatives are designed to uplift SMEs, which form the backbone of Pakistan’s economy. She stated, “This is the first program in Punjab’s history offering loans up to Rs 3 crore on a 100% interest-free basis. Young entrepreneurs now have the opportunity to contribute actively to economic development.”
Applications are open online, and more details can be obtained by calling the helpline 1786.
These schemes aim to foster innovation, create jobs, and ensure a prosperous Punjab. Entrepreneurs, the path to success starts here—apply today and bring your business dreams to life!
