AKC Registration Close But AKF Registration Still Open
AKC Registration Close But AKF Registration Still Open: In 2025, two vital initiatives launched by Maryam Nawaz Sharif are providing much-needed financial assistance to small and medium-sized businesses in Pakistan: the Asan Karobar Scheme and the Asan Karobar Finance Scheme. While the AKC registration has already closed, the registration for AKF remains open, offering a new opportunity for business owners across the country.
This article will guide you through the details of both schemes, including their registration processes, eligibility criteria, and the ways to check the status of your application for AKF.
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What is the Asan Karobar Scheme?
The Asan Karobar Scheme was designed to assist small business owners who were struggling to access capital through traditional banking methods. The scheme was introduced with the goal of encouraging entrepreneurship, especially among youth and women, by providing them with affordable loans to start or expand their businesses.
Key Features of the AKC:
- Target Group: Primarily aimed at small business owners, micro-entrepreneurs, and individuals looking to start a small business.
- Loan Amount: Loans ranging from 100,000 to 1,000,000.
- Interest Rate: Very low interest rate compared to conventional bank loans, making it more accessible.
- Repayment Period: Flexible repayment options ranging from 1 to 5 years.
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Eligibility Criteria For Asan Karobar Scheme 2025
There are some conditions for the successful registration for a loan of 1 million. Only those are eligible and are getting a loan by the Punjab government. These are given below
- Must be a citizen of the Punjab.
- Age between 18 and 50 years.
- Active involvement in a business or plans to start one.
- No history of loan defaults
- Have no business already
- No FIR should be register against the applicant
- Must have domicile and ID card of the Punjab
How To Check Application Status Of AKC
For those who have applied for the Asan Karobar card Scheme, it’s important to regularly check the status of your application. You can do so easily through the official online portal.
Step-by-Step Guide to Check Your AKF Application Status
- Go to the official akc.punjab.gov.pk website.
- Click on the login button
- Enter your ID card number
- Enter your password which you have during registration
- You will be able to view your application status, such as whether it is under review, approved, or rejected.
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What is the Asan Karobar Finance Scheme?
While the AKC has closed for new applications, the Asan Karobar Finance Scheme remains open for those looking for larger loans to grow or scale their businesses. This scheme is designed for more established businesses or those looking to expand operations, providing more substantial financial support.
Key Features of the AKF:
- Target Group: Small to medium-sized businesses that have been operational for at least a year.
- Loan Amount: Loans ranging from 1 lac to 1 million.
- Interest Rate: A subsidized interest rate, significantly lower than what is typically available through traditional financial institutions.
- Repayment Period: Varies depending on the loan amount and type of business, but typically spans 1 to 5 years.
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Eligibility Criteria for AKF
There are some important eligibility criteria foe registration in the AKF scheme 2025. The complete detail is given below
- Must be a citizen of the Punjab
- Age between 21 and 55 years.
- The business should be operational for at least one year.
- Active involvement in a business or plans to start one.
- No history of loan defaults
- No FIR should be register against the applicant
- Must have domicile and ID card of the Punjab
Application Process for Asaan Karobar Finance Scheme
For the registration in the Asaan Finance scheme, you have to follow the given steps for successful and easy registration. Go to akf.punjab.gov.pk and fill up the form according to the given infomration
| Step | Field | Step | Field |
|---|---|---|---|
| Step 1 | Enter your name | Step 2 | Enter authorized person’s name |
| Step 3 | Enter your 13-digit CNIC number | Step 4 | Enter your valid email address |
| Step 5 | Enter your date of birth (DD/MM/YYYY) | Step 6 | Enter CNIC issue date (DD/MM/YYYY) |
| Step 7 | Enter CNIC expiry date (DD/MM/YYYY) | Step 8 | Enter your mother’s maiden name |
| Step 9 | Select if you are disabled Yes/No | Step 10 | Select your type of disability |
| Step 11 | Select your disability code | Step 12 | Select your gender |
| Step 13 | Select if you are transgender (Yes/No) | Step 14 | Enter your current residential address |
| Step 15 | Select your division | Step 16 | Select your district |
| Step 17 | Select your tehsil | Step 18 | Select your city |
| Step 19 | Select if permanent address differs | Step 20 | Enter your NTN number |
| Step 21 | Select your residence ownership type | Step 22 | Select if you are politically exposed |
| Step 23 | Create your password | Step 24 | Confirm your password |
After completing all 24 steps, click on the “Register” button to successfully apply for the Asaan Karobar Finance Scheme 2025.
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How to Check AKF Application Status Online
For those who have applied for the Asan Karobar Finance Scheme, it’s important to regularly check the status of your application. You can do so easily through the official online portal.
Step-by-Step Guide to Check Your AKF Application Status
- Go to the official AKF website.
- Click on the login button
- Enter your ID card number
- Enter your password which you have during registration
- You will be able to view your application status, such as whether it is under review, approved, or rejected.
This process ensures that applicants can stay updated on the status of their loan application and take the necessary steps to follow up if needed.
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Key Differences Between AKC and AKF
While both the Asan Karobar Scheme and the Asan Karobar Finance Scheme share the same underlying objective of supporting small businesses, there are notable differences between the two:
- Loan Amount: AKC provided smaller loans up to 1 million, while AKF caters to larger loans up to 30 million
- Target Group: AKC was more focused on small business owners and new entrepreneurs, while AKF is aimed at businesses that are already operational and looking to expand.
- Eligibility: AKF has more stringent requirements, such as a business that has been operational for at least one year, while AKC was more inclusive of those starting from scratch.
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Conclusion
The Asan Karobar Scheme has closed for registration, and successful applicants will soon hear back regarding the status of their applications. However, if you are looking for financial support for your business, the Asan Karobar Finance Scheme is still open for registration in 2025. By offering lower interest rates and flexible repayment terms, both schemes aim to foster entrepreneurship and small business growth in Pakistan. If you meet the eligibility criteria and need financial assistance for your business, now is the time to apply for AKF before the registration window closes.
Stay informed, check the status of your application regularly, and make sure to follow up with the relevant authorities for any updates regarding your loan application. These initiatives by Maryam Nawaz Sharif are crucial for strengthening Pakistan’s small business ecosystem, and they offer a valuable opportunity for entrepreneurs across the country.
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FAQS
What is the difference between AKC and AKF schemes?
AKC was for new or small business owners with loans up to 1 million, while AKF supports existing businesses with larger loans up to 30 million.
Who can apply for the Asaan Karobar Finance Scheme in 2025?
Citizens of Punjab aged 21 to 55 with an active business running for at least one year are eligible.
How can I check my AKF application status?
Visit the official AKF website, log in using your CNIC and password, and view your current status.
Is the registration for the Asaan Karobar Scheme still open?
No, the registration for AKC has closed; only AKF is currently open for applications.
What is the loan repayment period for AKF?
Repayment terms range from 1 to 5 years, depending on the loan amount and business type.