The Punjab Government has unveiled the ‘Karobar Card’ loan scheme, aiming to empower small business owners across the province. This initiative offers financial support ranging from Rs100,000 to Rs1 million to eligible entrepreneurs, ensuring easier access to capital for business growth.
Announcement of the Scheme
The scheme was introduced during a high-level meeting chaired by Chief Minister Maryam Nawaz on Saturday. Alongside the Karobar Card, the Punjab Government also launched the ‘Chief Minister Aasan Karobar Financing Scheme’, which targets medium-sized businesses.
This financing scheme provides loans of up to Rs30 million, with a repayment period of up to five years, further enhancing economic opportunities for businesses aiming to scale operations.
Application Process for Karobar Card Loan Scheme
Interested applicants can easily apply for these loans through the official Punjab Rozgar portal. The registration process can be completed by visiting:
Apply Here
Objectives of the Karobar Card and Aasan Karobar Schemes
The Punjab Government envisions these initiatives as a means to:
- Boost entrepreneurship in the province.
- Create job opportunities for the local workforce.
- Strengthen the business and industrial sectors to foster economic growth.
During the announcement, Chief Minister Maryam Nawaz emphasized the significance of these schemes in supporting small and medium-sized businesses, which form the backbone of Punjab’s economy.
Related Initiatives by the Punjab Government
The Karobar Card Loan Scheme is part of a broader set of welfare and developmental projects introduced by the Punjab Government, including:
- Punjab Free Solar Panel Scheme: Providing renewable energy solutions to households and businesses.
- Honhaar Scholarship Scheme: Offering educational scholarships to deserving students.
These programs aim to uplift the people of Punjab, ensuring sustainable development and improved living standards.
Conclusion
With the launch of the Karobar Card Loan Scheme, the Punjab Government has taken a significant step toward empowering small businesses, fostering economic resilience, and creating employment opportunities. Entrepreneurs and small business owners are encouraged to leverage this opportunity to grow their ventures and contribute to Punjab’s economic progress.
For further details and updates, visit the official Punjab Rozgar portal.
