{"id":63188,"date":"2025-01-21T17:15:46","date_gmt":"2025-01-21T12:15:46","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=63188"},"modified":"2025-01-21T17:15:46","modified_gmt":"2025-01-21T12:15:46","slug":"cm-punjab-maryam-launches-karobar-card-2025","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/pakistan\/cm-punjab-maryam-launches-karobar-card-2025\/","title":{"rendered":"CM Punjab Maryam launches Karobar Card 2025"},"content":{"rendered":"<p>LAHORE: Chief Minister of Punjab Maryam Nawaz has launched the CM Punjab <a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/cm-punjab-to-launch-assan-karobar-finance-scheme-to-empower-small-entrepreneurs\/\">Karobar Card 2025<\/a> to promote small and medium enterprises and startups in the province, here on Tuesday.<\/p>\n<p>The scheme provides interest-free loans of up to Rs 1 million through a digital SME card. It supports small entrepreneurs in Punjab to grow and sustain their businesses, using digital channels (such as mobile app, POS, etc.) and ensuring transparent use of funds.<\/p>\n<p>The government offers interest-free loans for a period of three years while the loan includes a revolving credit facility for 12 months.<\/p>\n<p>The borrower will repay the loan in 24 equal monthly installments after the first year with a grace period of 3 months from the issuance of the card.<\/p>\n<h2>Here&#8217;s How to Use CM Punjab Karobar Card<\/h2>\n<p>Vendor and supplier payments<\/p>\n<p>Utility bills, government fees, and taxes<\/p>\n<p>Cash withdrawal (up to 25% of the limit) for miscellaneous business purposes<\/p>\n<p>Digital transactions through POS and mobile app<\/p>\n<p>End-User Interest Rate: 0%<\/p>\n<h2>Here&#8217;s Eligibility Criteria<\/h2>\n<p>All Small Entrepreneurs (SEs) in Punjab<\/p>\n<p>Age: 21 to 57 years<\/p>\n<p>Pakistani National, resident in Punjab<\/p>\n<p>Valid CNIC and mobile number registered in the applicant\u2019s name<\/p>\n<p>Existing or prospective business located in Punjab<\/p>\n<p>Satisfactory credit and psychometric assessment<\/p>\n<p>Only one application per individual and business<\/p>\n<p>Clean credit history with no overdue loans<\/p>\n<h2>Charges \/ Fees for Karobar Card 2025<\/h2>\n<p>Annual Card Fee: PKR 25,000 + FED to be recovered from obligor\u2019s approved limit<\/p>\n<p>Additional Charges: Life assurance, card issuance and delivery charges covered by the scheme<\/p>\n<p>In case of late payment of installments, late Payment Charges would be recovered as per Bank\u2019s Policy \/ Schedule of Charges<\/p>\n<h2>Where to Apply for CM Punjab Karobar Card?<\/h2>\n<p>Applications can be submitted digitally via PITB portal. There will be non-refundable processing fee of Rs500.<\/p>\n<p>Digital verification of CNIC, creditworthiness and business premises conducted by authorized agencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LAHORE: Chief Minister of Punjab Maryam Nawaz has launched the CM Punjab Karobar Card 2025 to promote small and medium enterprises and startups in the province, here on Tuesday. The scheme provides interest-free loans of up to Rs 1 million through a digital SME card. It supports small entrepreneurs in Punjab to grow and sustain [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":62901,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,2],"tags":[25962],"class_list":["post-63188","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-pakistan","tag-karobar-card-2025"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/63188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=63188"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/63188\/revisions"}],"predecessor-version":[{"id":63190,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/63188\/revisions\/63190"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/62901"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=63188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=63188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=63188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}