Electric Bike Rickshaw Loans
In a major initiative to promote eco-friendly transportation, the State Bank of Pakistan has launched a new loan scheme aimed at facilitating the purchase of electric bikes, rickshaws, and loaders. This initiative is not only designed to make transportation more affordable but also encourages a shift towards cleaner, greener alternatives in the automotive sector.
With an increasing demand for energy-efficient solutions, the government is offering this loan scheme under very attractive terms. It will help entrepreneurs, small business owners, and individuals access electric vehicles at affordable costs.
eBIZ Portal Punjab: Fast-Track Your Business in Punjab
A Green Step Towards Affordable Transport
The State Bank’s new financing scheme aims to distribute 116,000 electric bikes and 3,170 electric rickshaws/loaders in two phases, making eco-friendly transport accessible to the masses.
- Phase 1: 40,000 electric bikes and 1,000 rickshaws/loaders.
- Phase 2: 76,000 electric bikes and 2,171 rickshaws/loaders.
This is a great opportunity for people who have been looking to switch to electric transport but were concerned about affordability.
The program offers easy financing through low-interest or interest-free loans, making it easier for people to adopt green technologies without breaking the bank.
Summary Table: Electric Vehicle Loan Scheme
| Feature | Details |
| Eligible Vehicles | Electric Bikes, E-Rickshaws, E-Loaders |
| Loan Amount | E-Bikes: Up to Rs. 200,000- E-Rickshaws/Loaders: Up to Rs. 880,000 |
| Subsidy Amount | E-Bikes: Rs. 50,000- E-Rickshaws/Loaders: Rs. 200,000 |
| Loan Repayment Period | E-Bikes: 2 years- E-Rickshaws/Loaders: 3 years |
| Interest Rate | Interest-free, with the government covering the markup cost |
| Target Groups | 25% of e-bikes for women- 10% for business use- 30% for fleet operators |
| Application Process | Fully online, through a digital platform |
Crypto and Blockchain Cooperation: How Pakistan and US Plan Digital Finance Reform
How the Loan Scheme Works
The financing options for electric bikes, rickshaws, and loaders are structured under a debt-to-equity ratio of 80:20. This means the borrower is required to cover only a small portion of the total cost, with the government covering the rest.
- E-Bikes Loan Amount: Rs. 200,000.
- E-Rickshaws/Loaders Loan Amount: Rs. 880,000.
Additionally, the government is offering a capital subsidy to make these loans even more affordable. If the subsidy fully covers the borrower’s equity portion, the borrower will not need to pay anything upfront.
The loans will be provided interest-free, with the government covering the markup costs. This initiative is designed to ensure that more people can take advantage of electric vehicles, which are far more affordable and environmentally friendly than traditional fuel-powered options.
Targeted Beneficiaries
This scheme is designed to be inclusive, with specific allocations for women, business owners, and fleet operators.
- 25% of e-bikes are designated for women.
- 10% of e-bikes will be allocated to those using them for business purposes such as delivery services.
- 30% of e-rickshaws/loaders will go to fleet operators.
This ensures that diverse groups can benefit from the scheme, encouraging not just individual ownership, but also business use. Women and entrepreneurs can especially benefit from the accessibility this scheme provides.
Benazir Taleemi Wazaifa 2025 Schedule Released Check Dates
Easy Loan Application Process
The loan application process is straightforward and entirely digital, ensuring minimal human interaction and reducing the chances of delays. Applicants will need to:
- Visit the online platform for registration.
- Upload required documents.
- Select the vehicle of choice.
- Track the status of their loan and vehicle delivery.
With a seamless digital interface, the process is simple and user-friendly, eliminating the need for paperwork and in-person office visits.
Capital Subsidy and Financing Terms
To make the transition even more affordable, the government is offering a capital subsidy for both e-bikes and e-rickshaws/loaders.
- E-bike subsidy: Rs. 50,000.
- E-rickshaw/Loader subsidy: Rs. 200,000.
Loans are provided under an 80:20 debt-to-equity ratio, ensuring that borrowers pay only a small portion of the total cost upfront. If the subsidy covers the borrower’s equity portion, they won’t have to pay anything initially.
The government’s effort to offer interest-free loans and cover the markup costs makes this scheme an incredibly attractive option for anyone interested in purchasing electric vehicles.
CM Punjab Free Livestock Scheme 2025 Widowed and Abandoned Women Sign Up Here
Benefits of the Scheme
This scheme is a significant step forward for Pakistan’s transportation sector and offers multiple benefits:
- Affordable Loans: Interest-free loans and capital subsidies make electric vehicles affordable.
- Environmental Impact: Promotes clean, green energy solutions, reducing air pollution.
- Inclusivity: Allocations for women, business owners, and fleet operators ensure broad participation.
- Simplicity: The digital platform makes the application process fast and easy.
Future of Electric Vehicles in Pakistan
With this initiative, Pakistan is taking a step towards reducing its carbon footprint and embracing green technologies. The electric bike, rickshaw, and loader financing scheme not only supports the environment but also provides affordable transport options for millions of people.
As more people switch to electric vehicles, the country can expect cleaner air and a reduction in its reliance on fossil fuels. The shift to electric vehicles, backed by the government’s support, marks a major milestone in Pakistan’s path towards a more sustainable future.
Conclusion
The State Bank of Pakistan’s electric vehicle loan scheme is an excellent opportunity for individuals and business owners to invest in eco-friendly transportation. With easy loans, subsidies, and a digital application process, this initiative is set to bring green vehicles within reach of many people.
Ministry of Religious Affairs Scholarship 2025-26 for Minorities Apply Now
As the scheme rolls out, it is expected to make a big impact on Pakistan’s transportation sector, promoting cleaner energy solutions and supporting women, businesses, and fleet operators in their transition to sustainable transport.
FAQs on Electric Bike Rickshaw Loans
What is the State Bank’s Electric Vehicle Loan Scheme?
The scheme offers affordable loans to purchase electric bikes, rickshaws, and loaders. It aims to promote green transportation by making electric vehicles accessible through interest-free loans and government subsidies.
Who can apply for the electric vehicle loans?
The scheme is open to individuals, business owners, and fleet operators. There are specific allocations for women (25%), businesses (10%), and fleet operators (30%).
How much loan can I get under this scheme?
- E-bikes: Up to Rs. 200,000
- E-rickshaws/loaders: Up to Rs. 880,000
What are the repayment terms for the loan?
- E-bike loans: 2 years
- E-rickshaw/loader loans: 3 years
The loans are interest-free, with the government covering the markup costs.
How can I apply for the electric vehicle loan?
You can apply through the digital platform provided by the State Bank. The process is entirely online, requiring you to upload necessary documents and track your application status.
BISP CP Rubina Khalid Shares News About New and Improved Payment System