Government’s Subsidized Loan Scheme for E-Bikes: Everything You Need to Know
Pakistani citizens can now purchase e-bikes/scooters and electric rickshaws/loaders through an interest-free and subsidized loan scheme, launched by the federal government in collaboration with the State Bank of Pakistan (SBP), announced in an SBP circular.
This program offers a subsidy to cover the bank’s interest and down payment, allowing buyers to repay only the principal amount of the loan.
Here’s everything you need to know about this program:
Number of E-Bikes and Rickshaws Available
The scheme covers:
- 116,000 e-bikes
- 3,170 electric rickshaws/loaders
It will run in two phases:
- Phase 1: 40,000 e-bikes + 1,000 rickshaws/loaders
- Phase 2: 76,000 e-bikes + 2,170 rickshaws/loaders
This large-scale plan outlines the government’s plans to make electric vehicles a mainstream mode of transportation in Pakistan.
Eligibility Criteria
Individuals with a valid CNIC are eligible to apply. For bikes, the age limit is 18 to 65 years. For rickshaws and loaders, the age range is 21 to 65 years.
People applying for a rickshaw license must have a valid rickshaw permit. Moreover, applicants should not have a record of bank loan defaults.
To ensure fairness, 25% of the bikes are reserved for women, up to 10% for businesses such as delivery riders, and 30% for rickshaws, loaders, and other fleet operators.
To apply, citizens must meet the following conditions:
- Valid CNIC (Pakistan, Gilgit-Baltistan, or Azad Kashmir)
- Age: 18–65 years for e-bikes; 21–65 years for rickshaws/loaders
- Valid driving license (for rickshaws/loaders)
- Active bank account
- Income proof (salary slip, business proof, or student ID)
- No record of bank loan defaults
Reserved Quotas for Fair Access:
- 25% of bikes reserved for women
- 10% of bikes for businesses (e.g., delivery riders)
- 30% of rickshaws/loaders for fleet operators
This ensures that women, workers, and businesses have an equal opportunity to benefit.
Loan Size + Subsidy Size
The maximum loan you can get depends on the vehicle type:
- Up to Rs 200,000 for a two-wheeler
- Up to Rs 880,000 for a three-wheeler (rickshaw/loader)
If the vehicle costs more than this limit, the borrower must pay the extra amount themselves.
Coming to the subsidy:
- Up to Rs 50,000 for each two-wheeler
- Up to Rs 200,000 for each three-wheeler
This subsidy will be used as a down payment.
What is a Subsidy in This Scheme?
In this plan, the government provides a subsidy, which is free money given to support the buyer. A subsidy is not a loan, so it does not require repayment. The purpose of this money is to make the purchase easier by covering all or part of the down payment, which the buyer usually pays before taking a loan.
For an electric bike, the subsidy can be up to Rs 50,000, and for an electric rickshaw or loader, it can be up to Rs 200,000.
How to Apply
Applications will be submitted through a digital portal, no paper forms or office visits are required.
- Banks will connect with the portal for application, verification, and loan approval.
- The portal link has not yet been announced, but the SBP and Ministry of Industries will share details soon.
Applicants should keep the following documents ready:
- CNIC
- Bank account details
- Driving license (if applicable)
- Income proof
Benefits of the Scheme
This initiative makes clean travel affordable while reducing Pakistan’s reliance on expensive fuel imports. It empowers women, delivery riders, and fleet operators, while encouraging citizens to adopt eco-friendly vehicles.
By making electric two-wheelers and three-wheelers widely accessible, the scheme supports Pakistan’s journey toward sustainable and electric mobility.