How to Check Asaan Karobar Scheme Status via AKC Portal

It is very easy to Check Asaan Karobar Scheme Application Status. The objective of Asaan Karobar scheme introduced by the Punjab government is to offer interest-free loans for youth and small business owners to manage their businesses for better. For anyone who has also applied under this, you will be able to find out your application status online. For this, you simply have to go to the official website akc. punjab. gov. pk, log into your account, and check the “Application Status” section where you can see the details of your application.

In this scheme, interest free loan is provided to you of 1 lakh to 10 lakh rupees, which can be easily repaid in easy installments of 3 years. Eligibility criteria to apply: Age between 21 to 57 years, should be a permanent resident of the Punjab. It should also be noted that your business has to be located in Punjab, and your credit score has to be good. Once your application is approved, you will require to register your business with PRA/FBR within 6 months.

You can either be rejected or put on hold, in the first case you can apply once again once you know why your application got rejected. Approval typically takes 4 to 6 weeks. So In this duration you need to keep checking your application status online and in case any documents are required you need to submit it instantly. With Asaan Karobar scheme you can help your business grow as well as make a significant contribution to the economy of Punjab.

What is the Asaan Karobar Scheme?

This is a financial assistance program called Asaan Karobar Scheme for youth and small business owners in Punjab. It offers much needed interest free loans from PKR 100,000 up to PKR1,000,000 to assist people in setting up and growing their businesses. A targeting scheme this golden will work wonders for anyone looking for financial freedom, since it features flexible repayment terms as well as being focused on digital transactions.

Key Benefits of the Asaan Karobar Scheme

Free Of Interests Loans: No interest, cost & hidden charges.
Flexible Repayment: Easy repayment of the loan in installments, over the tenure of 3 years (with a 3 months grace period).
Business Support: Vendor payments; utility bills; taxes; cash (up to 25% of the limit).
Digital Convenience: Access funds through POS machines and mobile apps for seamless transactions.

Who Can Apply For Asaan Karobar Scheme?

The Asaan Karobar Scheme is an initiative by the Punjab government designed to provide interest-free loans to Small and Medium Enterprises (SMEs) to stimulate economic growth and support entrepreneurship within the province.

Eligibility Criteria:

Age: Applicants should be between 21 to 57 years old.
Residency: Must be a Pakistani.
Business Location: The existing or prospective business must be located within Punjab.
Business Type: Applicable to Small Enterprises (SEs) with annual sales up to PKR 150 million and Medium Enterprises (MEs) with annual sales between PKR 150 million and PKR 800 million.
Identification: Possess a valid Computerized National Identity Card (CNIC) and a mobile number registered in the applicant’s name.
Tax Status: Must be an active taxpayer registered with the Federal Board of Revenue (FBR).
Credit History: Should have a clean credit history with no overdue loans.
Application Limit: Only one application is allowed per individual and business.
Business Premises: Must own or rent the premises where the business operates.

How to Check Your Application Status?

After you’ve applied, you will want to follow up on your application. Here’s how to find your status:

Step 1: Make sure to check the official portal

Visit the official page: akc.punjab.gov.pk.

Step 2: Sign in to Your Account

Step 3: Click Application Status

Check your dashboard and search for the “Application Status” section. This will actually tell near whether your application is:

Pending (under review).
Approved (go ahead to next steps).
Declined (with feedback given).
Needs More Registration ( if you miss any detail).

Step 4: Follow Up on Updates

In case your application is pending or needs more documents, ensure you submit the necessary details as soon as possible. Continue to check the portal often for updates.

Common Reasons for Application Rejection

Insufficient Documentation: Not attached copies of CNIC or business details.
Age/Residency Issues: Failure to meet age or residency requirements.
Bad Credit Record: Current loans or unpaid bills.
Not registering with PRA/FBR: Not getting registered with the FBR within 6 months of the approval of your business.

Tips for a Successful Asaan Karobar Scheme Application

Re-check Eligibility: Be sure to meet all requirements when applying.
Documents Preparation: Make sure to keep your CNIC, business information, and documents.
PRA/FBR Registration: Do this immediately after approval.
Monitor Your Application: Keep an eye on your application status and follow up if necessary.

Conclusion

The Asaan Karobar Scheme is a great chance for the youth and small businessmen of Punjab to realize their entrepreneurship dreams. Interest-free loans, with flexible repayment terms and a short application process, are making business ownership accessible to everyone.

So if you are eligible, do not wait apply now and take the first step towards financial independence. Official portal: akc. punjab. gov.pk to get started.

FAQ’s

Punjab residents aged 21-57, with 100% credit history and running a business in Punjab.

Interest-free Loan From PKR 100,000 To 1,000,000

3 years of 3-months grace period.

Asaan Karobar Scheme Application Status Check Through AKC Portal

What is the Asaan Karobar Scheme?

Key Benefits of the Asaan Karobar Scheme