How to Apply for CM Punjab Karobar Card in 2025

About the Application Submission:

Please provide the paragraph you would like me to paraphrase. The scheme offers interest-free loans of up to PKR 1 million through a digital SME card It assists small business owners in Punjab in expanding and maintaining their enterprises by providing a structured approach through digital channels such as mobile apps and point-of-sale systems, along with ensuring clear and transparent use of funds.

Key Features

  • Maximum Limit:  PKR 1 million
  • Tenure of Loan:  03 Years
  • Loan Type:A 12-month revolving credit arrangement.
  • Repayment Term:24 monthly payments of equal amounts after the first year.
  • Grace Period: Repayment will begin three months after the card is issued.
  • Usage
  • Vendor and supplier payments
  • Utility charges, government charges, and taxes
  • Withdrawal of cash (up to 25% of the limit) for various business needs.
  • Transactions conducted digitally via point-of-sale systems and mobile applications.
  • End-User Interest Rate:  0%

Eligibility Criteria

  • All Small Entrepreneurs (SEs) in Punjab
  • Age: 21 to 57 years
  • Pakistani National, resident in Punjab
  • Valid CNIC and the mobile number associated with the applicant’s name
  • Businesses that are currently operating or planning to operate in Punjab.
  • Satisfactory credit and psychometric assessment
  • Each individual and business is allowed to submit only one application.
  • Clear credit record with no outstanding loans.

How to Apply?

  • Applications submitted online through PITB portal.
  • Non-refundable processing fee: PKR 500
  • Authorized agencies carry out digital verification of CNIC, creditworthiness, and business locations.

Loan Usage and Repayment Details

  • First 50% Limit: Accessible for use during the initial six months.
  • Grace Period: 3 months after card issuance
  • After three months, the borrower will begin making monthly payments, with a minimum payment of 5% of the remaining loan balance (principal only).
  • Second 50% Limit: Issued after meeting acceptable usage, consistent repayments, and completing the registration process with PRA/FBR
  • Funds can only be used for business-related purposes. Transactions that are not essential, such as personal expenses or entertainment, are prohibited.
  • The outstanding amount after the first year will be paid off in equal monthly installments (EMIs) over the course of two years.

Charges / Fees:

  • Annual Card Fee: An amount of PKR 25,000 plus FED will be deducted from the obligor’s authorized limit.
  • Additional Charges: The program includes coverage for life insurance, as well as fees related to card issuance and delivery.
  • Additional Charges: The program includes coverage for life insurance, as well as fees related to card issuance and delivery.

Security Details:

  • A digital signature of a personal guarantee provided by the borrower.
  • Life assurance included in the portfolio
  • The Urban Unit performs physical inspections of business locations within six months of loan approval and continues to do so on an annual basis thereafter.

Key Conditions:

  • The use of funds is limited to essential business functions; transactions unrelated to business are prohibited.
  • Registration with PRA/FBR It is required to be completed within six months of the card being issued.
  • Each individual or business is permitted to submit only one application.

About the Application Submission:

  • Feasibility Studies: Accessible on the PSIC and BOP websites for emerging startups and new enterprises.