To promote business development in Punjab, Chief Minister Maryam Nawaz Sharif has launched the Punjab Asaan Karobar Finance and Card Schemes. Financing will be offered for interest-free loans and other benefits to assist small and medium enterprises.
Interest-Free Loans for Businesses
Speaking at the inauguration, the chief minister shared details about the Asaan Karobar Finance Scheme. She said, “Under the Asaan Karobar Finance Scheme, interest-free loans of Rs1 million to Rs30 million will be provided.” The loans will be repaid through easy instalments.
In addition, the Asaan Karobar Card will offer loans ranging from Rs500,000 to Rs1 million. Entrepreneurs can apply online and get information by calling the helpline number 1786.
A Unique Initiative in Punjab’s History
According to the chief minister, these schemes are the first of their kind in Punjab. “These schemes hold the potential to change the destiny of Punjab and Pakistan,” she said.
The government aims to simplify the process of starting a business. She added, “Earlier, it was not easy to launch a business. Now we have made it easier through these schemes.”
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Land and Solar System Incentives
To further support entrepreneurs, the Punjab government will provide land for small businesses at highly subsidised rates. Additionally, those setting up industries in export processing zones will receive free solar systems worth up to Rs5 million.
The chief minister highlighted the scheme’s flexibility. “There is no need to immediately get any NOC, licence or plan approved to obtain a loan. Get a loan today and start your business tomorrow,” she said.
Boosting Exports and Economic Development
To enhance exports, the government plans to offer additional incentives for industries in export zones. These measures aim to strengthen the economy and encourage industrial growth.
Moreover, the schemes focus on empowering young entrepreneurs. “The young entrepreneurs will be able to benefit from these schemes and expand their businesses so that they can play their proactive role in economic development,” the chief minister stated.
The Punjab Asaan Karobar schemes promise to support SMEs and pave the way for economic growth in the province. By removing financial barriers and providing resources, these initiatives create opportunities for businesses to thrive.
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