The Government of Pakistan has started the PM Electric Bike and Rickshaw Scheme 2025 to help people buy electric vehicles at low costs. Through this scheme, people can buy electric bikes, rickshaws, and loaders with help from the government. The loan is interest-free, and payment can be made in easy monthly installments. The initiative is for people aged 18 to 65 for bikes, and 21 to 65 for rickshaws. The main goal is to promote clean transport and support daily workers and small business owners. Let’s look at the plan, vehicles, and how the payments will be made.
Also Read: Punjab e-Bike Scheme 2025 for Students
| Feature | Details |
| Loan Type | Interest-free |
| Bike Loan Amount | Up to Rs. 200,000 |
| Rickshaw Loan Amount | Up to Rs. 880,000 |
| Payment Duration | 2 to 3 years (24–36 months) |
PM E-Bike and Rickshaw Scheme – Basic Loan and Installment Plan
This scheme offers support through the PAVE program by giving interest-free loans to buy electric bikes or rickshaws. People must pay 20% of the vehicle price first, which is called the downpayment. The rest is paid through monthly installments over 2 years (for bikes) or 3 years (for rickshaws). There is also a 2% insurance cost. Stamp duty and registration charges are extra and paid along with the downpayment.
Sample Electric Bike Models with Monthly Installments
Several electric bike models are included in this scheme. Prices are reduced with government subsidies, and remaining amounts are covered by the loan. For example, the VELOCITY bike costs Rs. 249,000. After a downpayment of Rs. 4,980, the monthly installment is about Rs. 8,674. The Jolta JE-70L becomes cheaper after subsidy, with monthly payments of Rs. 6,263. Other models like Jaguar BOLT and Yadea M3H have monthly installments of around Rs. 6,163 and Rs. 8,333. All bikes can be paid off in 24 months.
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Option for Rickshaw and Loader in the Electric Vehicle Scheme
People interested in buying electric rickshaws and loaders can also apply under this scheme. Some models are:
- Sazgar Shuttle (90Ah): After subsidy, monthly installment is around Rs. 21,333
- Tez Raftar 1800W: Monthly installment is Rs. 13,333
- Ecodost Rickshaw: Monthly payment is about Rs. 22,222
- Voltix Cargo Loader: Easy payment of Rs. 10,333 per month
These vehicles are good for small businesses, cargo transport, or public transport. Installments are made over 36 months. The initial downpayment is 20% of the price after subsidy.
How to Apply on PAVE Portal for PM E-Bike Scheme 2025
To apply for this initiative, applicants must go to official website: pave.gov.pk. The registration is done online through the PAVE portal. After completing the form, all applications will go through an e-balloting process, which means names are selected by computer randomly. This ensures fairness and transparency. Only those selected through balloting will get the loan. Applicants must also be within the age limits (18–65 for bikes, 21–65 for rickshaws) and must have a valid CNIC.
Who Can Benefit from PM Electric Vehicle Scheme?
This scheme is specially made for the working class, small shopkeepers, riders, and delivery people. These vehicles can help them earn daily income. Also, people with disabilities can apply for electric scooters if they qualify. The loan is interest-free, which makes it affordable.
This program supports:
- Daily wage earners
- Special persons needing easy transport
- Entrepreneurs starting delivery or transport work
- Small shop owners without transport
Since the vehicles are electric, this will also help reduce pollution and fuel costs.
Estimated Monthly Payments for Popular Models
Here are some examples of vehicles and their estimated monthly installments. These are just sample values and may change slightly depending on final loan approval.
| Company | Model | Type | Monthly Installment |
| Vitality Electric Vehicles | VELOCITY | 2-Wheeler | Rs. 8,674 |
| Jolta Electric Pvt Ltd | JE-70L | 2-Wheeler | Rs. 6,263 |
| Sazgar Engineering Works Ltd | Shuttle (90Ah) | 3-Wheeler | Rs. 21,333 |
| Huaguan Energy Pvt Ltd | Voltix Cargo Loader | 3-Wheeler | Rs. 10,333 |
Final installment values depend on downpayment, insurance, and bank processing.
Conclusion
In this article, we are sharing all the details about the PM Electric Bike and Rickshaw Scheme 2025, including loan amounts, monthly installments, and how to apply. The scheme is interest-free, and the government provides subsidy support to make it easy for citizens to buy electric vehicles. It is a good chance for workers, riders, and small business owners to get their own vehicle without high costs. If you qualify, visit pave.gov.pk and apply before the last date. All applications will be selected through e-balloting.
FAQs
Q1. What is the age limit to apply for this scheme?
You must be 18–65 years old for electric bikes and 21–65 years old for rickshaws or loaders.
Q2. Is this scheme available in all cities of Pakistan?
Yes, this is a nationwide scheme. Anyone from any city can apply online through the official portal.
Q3. Do I need a guarantor to apply for the loan?
The official page does not mention a guarantor, but banks may ask for documents during final processing.
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