PM Rikshaw Installment Scheme 2025
The PM Rikshaw Installment Scheme 2025 is an initiative by the Government of Pakistan that aims to make electric rickshaws and loaders affordable for drivers, small entrepreneurs, and self-employed individuals. This program extends across the entire country, including Azad Jammu & Kashmir and Gilgit-Baltistan.
The scheme combines a subsidy of PKR 200,000 with easy financing through commercial banks. This makes it possible for people to start or grow their transport business without bearing the heavy upfront cost of purchasing a new vehicle. By encouraging the use of modern, eco-friendly vehicles, the program also supports the government’s focus on sustainable transport. This article provides complete details about the scheme, including eligibility, subsidies, partner banks, approved vehicles, the application process, required documents, and practical tips for applicants.
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Nationwide Access and Eligibility
The government has ensured that the scheme is accessible nationwide. Applications are open to both rural and urban residents, giving equal opportunity to citizens from every province, AJK, and GB.
Who Can Apply?
- Pakistani citizens aged between 21 and 65 years.
- Both first-time buyers and existing vehicle owners.
- Applicants from all regions of Pakistan, including AJK and GB.
- Final selection is done through electronic balloting if the number of applications is higher than the available quota.
This inclusive structure ensures transparency and equal opportunity for everyone interested in owning an electric rickshaw or loader.
Subsidy and Loan Financing
The government has removed the biggest financial hurdle by combining subsidies with loan facilities from partner banks. This makes the purchase of vehicles affordable for individuals who cannot pay the full price at once.
Financing Breakdown
- The government provides a subsidy of PKR 200,000 on each vehicle.
- Partner banks offer loan facilities of up to PKR 1,100,000.
- Monthly installment amounts depend on the bank’s policy and the applicant’s repayment capacity.
With this financial structure, even people with limited savings can easily buy an electric rickshaw or loader and pay through small monthly installments.
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Insurance, Warranty, and After-Sales Support
Every vehicle purchased under the PM Rikshaw Installment Scheme 2025 comes with both insurance and a manufacturer warranty. This gives buyers additional confidence and protection.
- The insurance covers both theft and accident risks.
- The manufacturer warranty protects against defects and technical issues as per the company’s terms.
- Official service centers are responsible for handling warranty claims and after-sales repairs.
Applicants are advised to keep their warranty and insurance documents safe and immediately report any problem to the service center or the scheme’s helpdesk.
Partner Banks for Loan Processing
The scheme is backed by a wide banking network across the country. Applicants can apply at branches of the participating banks to complete loan processing and repayment formalities.
List of Partner Banks
- National Bank of Pakistan (NBP)
- Bank of Punjab (BOP)
- Habib Bank Limited (HBL)
- United Bank Limited (UBL)
- MCB Bank Limited
- Allied Bank Limited (ABL)
- Meezan Bank Limited
- Bank Alfalah Limited
- Bank Islami Pakistan Limited
- JS Bank
- Soneri Bank
- Sindh Bank
- Askari Bank
- Faisal Bank
- Al Baraka Bank
- SAMBA Bank
- Bank of Khyber (BOK)
With such a large network, applicants can choose a nearby branch to avoid travel and delays.
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Approved Manufacturers and Vehicle Options
The scheme only allows approved manufacturers and models, ensuring that vehicles are reliable and compliant with safety standards. Below is the list of available options along with their prices before and after subsidy.
Manufacturers (in bullet points):
- Pak Star Automobile
- Tezmo Motors
- Nova Mobility
- Sazgar Engineering
Models with Prices (in table form):
| Model | Price (PKR) | Price after Subsidy (PKR) |
|---|---|---|
| Tez Raftar 1800Watt (Rickshaw) | 800,000 | 600,000 |
| Ricky 3000W (150Ah) | 1,035,000 | 835,000 |
| Ecodost ECV350 Loader | 980,000 | 780,000 |
| EcoDost Electric Rickshaw | 1,176,000 | 976,000 |
| Deluxe EV 90AH | 1,100,000 | 900,000 |
| Deluxe EV 125AH | 1,270,000 | 1,070,000 |
| Shuttle EV 90AH | 1,160,000 | 960,000 |
| Shuttle EV 125AH | 1,330,000 | 1,130,000 |
| Tempo Loader EV 90AH | 1,120,000 | 920,000 |
| Tempo Loader EV 125AH | 1,250,000 | 1,050,000 |
These options cover both passenger rickshaws and loaders, allowing applicants to select the vehicle that suits their business model.
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Step-by-Step Application Process
The application process is straightforward. It begins online and is followed by bank verification.
Step 1: Prepare Documents
Applicants must prepare digital scans of CNIC, photographs, utility bills, proof of income, and NTN (if applicable). The files must be in PDF, JPG, or PNG format, with a size of 1 to 3 MB.
Step 2: Fill in the Application Form
The application form requires the following information:
- Go to the pave.gov.pk and click on the sign up button
- Full name (as per CNIC)
- CNIC number
- CNIC issuance and expiry dates
- Father’s or husband’s name
- Mother’s name
- Date of birth
- Gender
- Email address
- Mobile number
- Current and permanent address
- Province, district, tehsil, and nearest city
- Whether the applicant already owns a vehicle
- Whether the applicant has taken a loan before
- NTN (if available)
- Password and captcha for submission
Step 3: Upload Documents
The required documents include CNIC (front and back), passport-size photographs, utility bill or proof of residence, and bank statement or income proof. Optional documents include NTN, existing vehicle registration, or a previous loan clearance certificate.
After completing the application form, click on the submit button.
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What Happens After Complete Registration
After completing the application and registration process, applicants move through several important steps to finalize their vehicle purchase and ensure proper documentation and coverage. These steps guide them from e-balloting results to vehicle delivery and post-delivery follow-up.
- E-Balloting Results: If applications exceed the quota, electronic balloting is conducted. Results are shared via the portal, SMS, or email.
- Bank Verification and Loan Approval: Applicants visit the chosen bank branch with original documents, complete biometric verification, and provide KYC details. The bank finalizes the loan amount, installments, and tenure.
- Subsidy and Disbursement: The government subsidy is applied directly, and the bank disburses the remaining funds to the manufacturer.
- Vehicle Delivery and Registration: The applicant receives the vehicle, completes registration, and activates insurance and warranty.
- Post-Delivery Follow-Up: Applicants should keep loan, insurance, and warranty documents safe and follow the manufacturer’s service schedule to maintain warranty coverage.
Following these steps ensures a smooth, transparent, and fully documented vehicle purchase process for beneficiaries.
Required Documents Checklist
There are some necessary documents for a successful and smooth application and receiving the rikshaw. These are given below
| Document | Required | Notes |
|---|---|---|
| CNIC (front and back) | Yes | Must be clear and valid |
| Passport-size photos | Yes | Must be recent |
| Utility bill or residence proof | Yes | Should not be older than 3 months |
| Bank statement or proof of income | Yes | Preferably 3 to 6 months |
| NTN | Optional | Only for registered taxpayers |
| Vehicle ownership proof | If applicable | Required for existing owners |
| Previous loan NOC | If applicable | Helpful for credit clearance |
| Digital signature (e-sign) | Yes | Done on the portal |
Aftercare, Tips, and Common Pitfalls
Applicants can avoid rejection by following best practices during and after the application process.
Best Practices
- Ensure that all CNIC details are accurate.
- Upload clear and readable documents only.
- Choose the nearest partner bank branch to avoid delays.
- Register insurance and warranty immediately after delivery.
- Keep both digital and physical copies of all documents.
Mistakes to Avoid
- Submitting blurry or incomplete scans.
- Leaving CNIC dates blank.
- Ignoring deadlines for application submission.
- Selecting an incorrect bank branch.
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Final Words
The PM Rikshaw Installment Scheme 2025 is a golden opportunity for drivers and small entrepreneurs who want to own an electric rickshaw or loader. With the support of a government subsidy, affordable bank loans, and strong after-sales services, this program provides a complete package for applicants.
By preparing documents properly, filling out the application form with accurate information, and coordinating with the bank, beneficiaries can secure their vehicles quickly. This scheme is not just about purchasing a rickshaw; it is about creating sustainable livelihoods and promoting green transport in Pakistan.
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FAQs
What is the purpose of the PM Rikshaw Installment Scheme 2025?
The scheme aims to make electric rickshaws and loaders affordable for drivers, small entrepreneurs, and self-employed individuals across Pakistan.
Who is eligible to apply for the scheme?
Pakistani citizens aged 21 to 65, including first-time buyers and existing vehicle owners from all regions, can apply.
What financial support does the scheme provide?
It offers a PKR 200,000 government subsidy and loan facilities up to PKR 1,100,000 from partner banks with easy monthly installments.
Which documents are required for the application?
Applicants need CNIC, passport-size photos, utility bill, proof of income, and optional NTN or previous loan clearance documents.
What happens after the application is submitted?
Applicants go through e-balloting if needed, bank verification, subsidy disbursement, vehicle delivery, registration, and post-delivery follow-up.