Maryam Nawaz Karobar Card Loan Scheme

 

Maryam Nawaz Karobar Card Loan Scheme 2025 – Full Details

Introduction – PAF Format

Youth unemployment in Punjab is a serious issue.
Many talented young people want to start their own business but lack financial support.
To solve this, the Punjab Government has launched the Maryam Nawaz Karobar Card Loan Scheme.
Under this scheme, youth can receive interest-free loans from Rs 100,000 to Rs 3,000,000.
This amount can help them start small or medium businesses and improve their family income.
Today, we will explain everything about this scheme, including eligibility, loan amounts, and the registration process.

What is the Maryam Nawaz Karobar Card Loan Scheme?

This scheme is launched by Punjab Chief Minister Maryam Nawaz Sharif.
It aims to help unemployed youth in Punjab start their own businesses.
Through this program, interest-free loans from Rs 100,000 to Rs 3,000,000 will be provided.
These loans can be used to set up small or medium-sized businesses in Punjab.
Repayment will be done in easy monthly installments over five years.
This scheme is fully supported and monitored by the Punjab Government.

Loan Amounts and Categories

The loan is divided into two categories based on business type:

• Small businesses: Loans from Rs 100,000 to Rs 1,000,000

• Medium-sized businesses: Loans up to Rs 3,000,000

These loans are completely interest-free.
You will have to repay the loan to the government within 5 years.
Installments will be fixed and easy to manage.

Objective of the Scheme

The main goal of this scheme is to reduce unemployment in Punjab.
It is designed to give young people a fresh start.
Many people have ideas but no money to execute them.
With this loan, they can open a shop, start a service, or launch a company.
It will also boost local business activity across cities and villages in Punjab.
Families of the beneficiaries will also benefit through increased income.

Registration Guide for the Karobar Card Loan Scheme

Right now, no official registration portal or SMS code has been announced.
Maryam Nawaz Sharif has confirmed the scheme launch on her official social media.
She mentioned that the registration process will begin in January 2025.
Once the portal is live, applicants must provide the following:

• CNIC (front and back photo)

• Name, contact number, and address

• Business plan details (if required)

Applicants must upload documents clearly and fill in all fields correctly.

How Will the Loans Be Distributed?

The Punjab Government will conduct a transparent draw (balloting).
All eligible and registered applicants will be included in the draw.
Those selected in the draw will receive the loan based on their chosen category.
Funds will be transferred after document verification and loan agreement.
This process ensures fairness and removes any favoritism.
Updates will be shared on official Punjab Government websites and social media.

Loan Repayment Plan

Here are the key points for repayment:

• Loan duration: 5 years

• Monthly installments: Fixed, based on loan size

• Interest: None (0% interest)

• Late fees: May apply if payments are missed

Make sure to repay on time to maintain a good credit record with the government.

Required Documents for Registration

To apply, you will need:

• Clear photos of CNIC (front and back)

• Contact number and permanent address

• Basic business idea (may be required)

• Any other document requested during portal registration

Keep all your documents ready before the registration opens in January 2025.

Final Thoughts

The Maryam Nawaz Karobar Card Loan Scheme is a big opportunity for unemployed youth in Punjab.
With interest-free loans, young people can finally start their own businesses.
Whether you want to open a small shop or build a larger company, this scheme can help.
The Punjab Government will launch the registration portal in January 2025.
Make sure your documents are ready and correct.
Keep following official updates for registration announcements.
If you are serious about starting your business, this is your chance to succeed

FAQs – Frequently Asked Questions

What is the Maryam Nawaz Karobar Card Loan Scheme?
This is a Punjab Government initiative offering interest-free loans for youth to start businesses.

Who is eligible?
Unemployed youth who are residents of Punjab.

What is the loan amount?
Between Rs 100,000 and Rs 3,000,000 depending on the business type.

Are these loans interest-free?
Yes, 100% interest-free loans.

How do I register?
An official portal will launch in January 2025 for online registration.

What documents are required?
CNIC front and back photo, contact info, and possibly a business plan.

How will applicants be selected?
Through a fair draw or balloting system.

When will the loan be disbursed?
After selection in the draw and document verification.

How long do I have to repay?
You will repay the loan in 5 years through monthly installments.

Is there an SMS code for registration?
No SMS code is available as of now.