The Punjab government is preparing to roll out Phase 2 of the Asaan Karobar Finance Scheme, a flagship initiative designed to make financing easier and more inclusive for small businesses and entrepreneurs across the province.
Rs90 Billion Interest-Free Loans
In this new phase, the government has allocated Rs90 billion for completely interest-free loans. The loans will be distributed under four tailored programs that aim to support over 5,500 businesses, ranging from micro-entrepreneurs to small industrial units.
The idea is simple: break down barriers to credit, provide affordable capital, and give small businesses the breathing space they need to grow.
Industrial Estates Upgrade
Alongside the financing scheme, the Punjab government is also investing in 23 small industrial estates. A dedicated Rs2.75 billion upgrade program will focus on:
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Improving basic infrastructure
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Creating green belts and clean spaces
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Adding missing facilities to industrial clusters
This work is scheduled to start in October, with the goal of making these estates more competitive and attractive for new investment.
Handicrafts, Artisans, and Digital Push
Punjab is also looking beyond financing and infrastructure. A big emphasis is being placed on handicrafts and the role of artisans. Plans include:
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Promoting handicrafts online to tap into global markets
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Engaging Pakistani embassies abroad to showcase local craft shops
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Encouraging artisans to register and access new marketing opportunities
This not only creates jobs but also builds a stronger cultural and economic footprint for Punjab.
Sustainability Goals
Another highlight of the new plan is the potential use of solar energy in small industrial estates. By introducing renewable energy solutions, the province aims to cut costs for businesses and reduce dependency on conventional power sources.
Clearing Bottlenecks
The government has also directed officials to speed up pending legal cases related to major industrial projects, such as:
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Surgical City in Sialkot
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Industrial Estate-II in Gujrat
Fast-tracking these cases means businesses will face fewer delays and can begin operations sooner.
Why This Matters
This multi-pronged approach is more than just loans—it’s about building an ecosystem for growth. With access to credit, better industrial infrastructure, green energy options, and new marketing platforms, Punjab’s entrepreneurs and artisans are being positioned to thrive in both local and international markets.
Key Takeaways
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Rs90 billion interest-free loans → Over 5,500 businesses to benefit.
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Rs2.75 billion industrial upgrade → Better facilities in 23 estates.
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Artisan empowerment → Handicraft promotion and digital sales push.
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Renewable energy adoption → Exploring solar use in industrial clusters.
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Faster legal resolutions → Removing hurdles for major projects.
Final Word
Phase 2 of the Asaan Karobar Finance Scheme shows Punjab’s commitment to inclusive economic growth. By combining finance, infrastructure, sustainability, and cultural promotion, the province is taking a big step toward empowering entrepreneurs, boosting exports, and creating more opportunities for its people.