Punjab Chief Minister Maryam Nawaz Sharif has introduced the “Asaan Karobar Finance Scheme” to help small and medium-sized businesses grow and boost the province’s economy.
The scheme aims to make it easier for entrepreneurs, especially the youth, to access funding and support for their businesses.
At the launch event in Lahore, she also unveiled the “Asaan Karobar Finance Card,” which provides interest-free loans of up to Rs. 30 million. The loans range from Rs. 10 lac to Rs. 3 crore, with simple repayment terms, making it easier for business owners to manage their finances.
To make the process smoother, the government has removed several obstacles like the need for NOCs and licenses. Furthermore, the scheme offers subsidized land for small businesses and free solar systems for industries in export processing zones to help reduce their operational costs.
Entrepreneurs interested in applying for the loans can do so online through the Bank of Punjab or can contact the helpline at 1786 for further assistance.
This initiative is a significant step toward empowering young business owners, providing them with the resources needed to succeed and contribute to the economic development of Punjab.
