In February 2026, Chief Minister Maryam Nawaz has expanded the Asaan Karobar Finance Scheme to its second phase, with an additional Rs. 90 billion allocated to support small and medium enterprises (SMEs). A key update for this year is the distinction between the Finance Scheme (up to Rs. 30 million) and the Asaan Karobar Card (up to Rs. 1 million), specifically designed for small shopkeepers and vendors.
The most critical change for 2026 is the mandatory FBR Active Taxpayer status for all applicants and a narrowed age bracket to target established and aspiring professionals.
Asaan Karobar Finance 2026: Updated Fact Sheet
The scheme now operates as a collaboration between the Punjab Government (PSIC) and the Bank of Punjab (BOP).
| Feature | 2026 Update Details |
| Finance Limit | Rs. 1 Million to Rs. 30 Million |
| Interest Rate | 0% (Interest-Free) |
| Age Limit | 25 to 55 Years (Revised from 21-57) |
| New Equity Rule | 20% Equity required from borrower (10% for Women/PWDs) |
| Export Bonus | Loans up to Rs. 50 Million for export-oriented SMEs |
| Official Portal | akc.punjab.gov.pk |
Who Can Apply in 2026?
The eligibility criteria have been tightened to ensure funds reach high-potential businesses:
- Tax Status: You must be an active filer with the FBR and have a valid NTN.
- Credit History: A clean e-CIB (Credit Bureau) report is mandatory. No defaults on any previous bank loans.
- Residency: Must be a resident of Punjab with a Punjab-addressed CNIC.
- Business Location: The business must physically operate within Punjab.
- Turnover Limits: * Small Businesses: Annual sales up to Rs. 150 million.
- Medium Businesses: Annual sales between Rs. 150 million and Rs. 800 million.
Updated Loan Tiers & Security
The 2026 phase introduces specific security requirements for different amounts.
| Tier | Amount | Security Required |
| Tier 1 (T1) | Rs. 1M – Rs. 5M | Personal Guarantee of the applicant/partners. |
| Tier 2 (T2) | Rs. 6M – Rs. 30M | Collateral Required (Mortgage of property/machinery). |
| Export Tier | Up to Rs. 50M | Secured Loan for manufacturers and exporters. |
Note on Vehicles: If you are applying for a commercial vehicle, the vehicle itself acts as security and will be registered in the name of the Bank of Punjab (BOP).
How to Apply (2026 Digital-Only Process)
No physical forms are accepted. You must use the BOP-Scoring Model portal.
- Portal Visit: Go to akc.punjab.gov.pk.
- Digital Profile: Register with your CNIC, mobile (SIM must be in your name), and email.
- Business Feasibility: For Tier 2 loans, you must upload a professional business plan and financial projections.
- Equity Deposit: Once your loan is approved in principle, you must deposit your equity share (20% for general, 10% for females/disabled) into a BOP account before disbursement.
- Grace Period: * Startups: Up to 6 months before first installment.
- Existing Businesses: Up to 3 months grace period.