Maryam Nawaz Loan Scheme
The Chief Minister of Punjab has launched the Maryam Nawaz Loan Scheme to support small businesses in the province. This scheme provides loans of 1 million rupees to help small business owners expand and sustain their businesses. In addition, the Punjab government has introduced the Chief Minister Aasan Karobar Financing Scheme for medium-sized businesses, offering loans of up to 30 million rupees. These loans have a repayment period of five years and will be disbursed through the Karobar Card, which can be applied for via an online portal on the official website. This scheme is designed to empower small business owners by giving them access to affordable loans to grow their businesses.
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Women entrepreneurs, youth, and individuals from low-income backgrounds are expected to benefit the most. The goal is to boost Punjab’s economy and create new job opportunities. The Karobar Card is a digital payment solution introduced under the Aasan Karobar Financing Scheme. Business owners can use it to withdraw their approved loan amount or make business-related transactions. It is part of the government’s efforts to digitize financial aid and improve access to funding for businesses.
In this aricle, we will provide you with the complete details about the Karobar Card and Maryam Nawaz Loan Scheme. This initiative by the government of Punjab aims to support small and medium-sized businesses and also want to expand these businesses so that the economy of the country become stronger.Read this article to get information about this scheme.
Benefits Of Maryam Nawaz Loan Scheme
The Maryam Nawaz Loan Scheme will provide businesses much more benefits andthey will be abe togrow and expand. The major benefits of this scheme are listed as;
- Financial Support: Offers affordable loans to small and medium-sized businesses.
- Easy Repayment: Flexible repayment options, with up to 5 years for medium-sized businesses.
- Youth Empowerment: Aims to create more jobs and business opportunities for the youth in Punjab.
- Digital Access: Application and loan disbursement through an online platform and the Karobar Card.
- Employment Generation: These programs focus on creating job opportunities, particularly for the youth, by enabling individuals to start or expand their businesses.
- Economic Growth: Supporting small and medium-sized businesses contributes to sustainable economic growth in Punjab.
- Business-Friendly Environment: This helps create a supportive environment where businesses can grow and flourish without financial barriers.
- Poverty Alleviation: Empower individuals to achieve financial stability by starting their own ventures or expanding existing ones.
If you are a small or medium-sized business owner in Punjab, these schemes could be a great opportunity to expand your business and contribute to the local economy. Stay updated for further announcements and be ready to apply once the application process begins. Maryam Nawaz Loan Scheme.
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Loan Amount For Businesses
Loans will be disbursed through the Karobar Card to businesses that meet the eligibility criteria and complete the registration process successfully. Loan amount will depend on the category of your business as mentioned below.
The scheme offers financial assistance in two categories:
- Small Businesses: Eligible small businesses can receive loans ranging from 100,000 rupees to 1 million rupees.
- Medium-Sized Businesses: Medium-sized businesses can access loans of up to 30 million rupees under specific terms and conditions.
This program is a vital step toward building a stronger, more inclusive economy in Punjab, offering financial support to help businesses grow and thrive.
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Eligibility Requirements For Loan Scheme
To ensure that the Maryam Nawaz Loan Scheme benefits deserving individuals, applicants must meet the following eligibility requirements:
- Citizenship: Applicants must have a valid Computerized National Identity Card (CNIC) issued in Pakistan.
- Age Range: The applicant must be between 21 and 45 years old. Exceptions may apply for special cases.
- Business Concept: A strong, innovative, and feasible business idea is necessary to qualify for the loan.
- Financial History: Applicants with a clean financial record have a higher likelihood of approval.
If you meet these criteria, you can register for the program to receive financial support through the Karobar Card and help your family or business grow.
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Required Documents For Registration
To successfully apply for the Maryam Nawaz Loan Scheme, ensure you have the following documents ready:
- Valid CNIC: A copy of your Computerized National Identity Card (CNIC) for identification purposes.
- Business Proposal: A comprehensive plan that details your business goals, strategies, and expected outcomes.
- Proof of Residence: An official document, such as a utility bill, showing your current address.
- Bank Account Details and Financial Statements: Include your bank account information and recent financial statements, if applicable.
- Passport-Sized Photographs: Two recent photographs for identification.
Failure to provide these documents will result in your application being incomplete, and you will not be registered for the Maryam Nawaz Loan Scheme. Ensure all documents are accurate and up to date for successful registration.
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Registration Procedure
The registration process for the Maryam Nawaz Loan Scheme 2025 is completely online, making it convenient for citizens across Pakistan. Follow these steps to register for the Benazir Income Support Program;
- Visit the Official Website: Go to the designated portal for the Maryam Nawaz Loan Scheme 2025.
- Create an Account: Register using your email address and mobile number. Follow the instructions to set up your account.
- Complete the Application Form: Fill out all required details, including personal information, your business idea, and the financial assistance you need.
- Upload Required Documents: Attach all necessary documents (e.g., CNIC, business proposal, proof of residence) in the specified format. Ensure the documents are clear and complete.
- Submit Your Application: Double-check all entered information, then click the ‘Submit’ button to finalize your application.
Once you submit your application, it will be reviewed by the Government of Pakistan. If approved, you will be notified and guided on how to access the loan through this program.
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Final Words
The Maryam Nawaz Loan Scheme 2025 is a transformative initiative aimed at empowering small and medium-sized businesses in Punjab. By providing affordable loans and digital access through the Karobar Card, the scheme seeks to foster economic growth, generate employment, and alleviate poverty. Entrepreneurs, youth, and women from low-income backgrounds are particularly encouraged to take advantage of this opportunity to grow their businesses and contribute to the province’s economy. With a streamlined online registration process, this program ensures easy access for all eligible applicants.
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By supporting innovative business ideas and providing financial aid, the scheme creates a more inclusive and business-friendly environment in Punjab. Whether you’re a small business owner looking to expand or an aspiring entrepreneur with a promising idea, this initiative offers the resources and support you need to succeed. Keep an eye on official updates and start preparing your application to benefit from this program.
FAQs
What is the Karobar Card?
The Karobar Card is a digital payment card introduced under this scheme, allowing registered businesses to access loan amounts and conduct business-related transactions conveniently.
Who can apply for this loan scheme?
Eligible applicants include Pakistani citizens aged 21-45 with innovative business ideas, a clean financial history, and proof of residence. Women, youth, and individuals from low-income families are encouraged to apply.
How can I apply for the Maryam Nawaz Loan Scheme?
You can apply online by visiting the official portal, creating an account, completing the application form, and uploading the required documents.
What loan amounts are available under the scheme?
Small businesses can apply for loans ranging from 100,000 to 1 million rupees, while medium-sized businesses can access loans of up to 30 million rupees.
Are there any fees for applying?
No, the registration process is completely free.
What documents do I need to apply?
You’ll need a valid CNIC, a business proposal, proof of residence, bank account details, and two passport-sized photographs.
When will I receive the loan if approved?
After approval, the loan amount will be disbursed through the Karobar Card, and you will be notified of the timeline and steps for collection.