Asaan Karobar Card

igital SME Card Scheme

This scheme provides interest-free loans of up to PKR 1 million through a Digital SME Card to support small entrepreneurs in Punjab. The funds will be managed through digital channels (such as mobile apps and POS) to ensure transparency and proper utilization for business growth.

Key Features

  • Maximum Loan Limit: PKR 1 million
  • Loan Tenure: 3 years
  • Loan Type: Revolving credit facility for 12 months
  • Repayment Term: 24 equal monthly installments after the first year
  • Grace Period: 3 months from card issuance before repayment starts

Usage of Funds

Vendor and supplier payments
Utility bills, government fees, and tax payments
Cash withdrawal (up to 25% of the limit) for business-related purposes
Digital transactions via POS and mobile app

Eligibility Criteria

All small entrepreneurs (SEs) operating in Punjab
Age: 21 to 57 years
Pakistani national residing in Punjab
Valid CNIC and mobile number registered in the applicant’s name
Existing or new business in Punjab
Satisfactory credit and psychometric assessment
Only one application per individual or business
No overdue loans or default history

How to Apply?

Applications must be submitted online via the PITB portal
Processing fee: PKR 500 (non-refundable)
Digital verification of CNIC, creditworthiness, and business premises by authorized agencies

Loan Usage and Repayment Details

  • First 50% of the loan is available for use within the first 6 months
  • 3-month grace period from card issuance
  • After 3 months, repayment starts with a minimum monthly payment of 5% of the outstanding principal balance
  • Second 50% of the loan will be released upon satisfactory usage, regular repayments, and registration with PRA/FBR
  • Funds can only be used for business-related purposes (personal expenses or non-business-related transactions will be blocked)
  • Remaining loan balance after the first year must be repaid over 2 years in equal monthly installments (EMIs)

Charges / Fees

💳 Annual Card Fee: PKR 25,000 + FED (deducted from the approved limit)
💰 Additional Charges: Life insurance, card issuance, and delivery charges covered under the scheme
Late payment penalties will apply as per the bank’s policy and schedule of charges

Security Details

🔹 Personal guarantee digitally signed by the borrower
🔹 Life insurance included in the portfolio
🔹 Urban Unit will verify the business premises physically within 6 months of loan approval and annually thereafter

Key Conditions

Funds can only be used for core business activities
PRA/FBR registration is mandatory within 6 months of card issuance
Only one application per individual or business is allowed

Additional Support for Applicants

📊 Feasibility Studies available on PSIC and BOP websites for startups and new businesses
📞 Helpline: 1786
🔗 For more details, visit: Official Website