PM Electric Rickshaw Scheme 2025 – Easy Loans and Government Subsidy for a Better Future

Q: Q2: How much subsidy does the government provide?

Between Rs. 150,000 and Rs. 170,000 , depending on the rickshaw type.

The Government of Pakistan has launched the PM Electric Rickshaw Scheme 2025 as part of its mission to fight unemployment and reduce the burden of rising fuel prices on low-income families. This initiative brings together two important goals: creating income opportunities for jobless citizens and encouraging eco-friendly transport.

For thousands of families struggling to make ends meet, this scheme offers electric rickshaws at subsidized prices, along with easy loan options. The program not only provides a reliable source of livelihood but also supports Pakistan’s transition toward clean and green energy.

Why the PM Electric Rickshaw Scheme 2025 Is a Game-Changer

Buying a petrol or CNG rickshaw has become nearly impossible for many due to high prices and daily fuel costs. A traditional rickshaw can cost more than Rs. 300,000, and refueling expenses eat away at earnings. In comparison, electric rickshaws are cheaper to operate—they require only charging, which is far less costly than petrol or CNG.

The problem, however, is the upfront cost. The PM Electric Rickshaw Scheme 2025 solves this by offering:

Government subsidies to reduce the purchase price.
Easy repayment loans with small monthly installments.
Interest-free or low-interest options through partner banks and microfinance institutions.

This way, even the poorest households can now afford to buy an electric rickshaw, start earning immediately, and repay the cost in manageable amounts.

How to Apply for the Loan and Subsidy

The application process is designed to be simple and accessible:

Visit the official government portal or a partner bank’s website.
Fill out the online form with CNIC, address, and income details.
Select your preferred rickshaw type – passenger (2-seater/4-seater) or goods carrier.
Apply for a loan and subsidy through partner banks or microfinance institutions.
Submit required documents for verification.
Once approved, make a small down payment.
Collect your rickshaw from an authorized dealership.

The government covers a large portion of the cost through the subsidy, and the remaining amount is converted into easy monthly installments.

Eligibility Criteria

To ensure fair distribution, the scheme has specific conditions:

Must be a Pakistani citizen with a valid CNIC.
Age: 20 to 50 years.
Priority for unemployed youth, laborers, and low-income families.
Applicant must not already own a commercial vehicle under any government scheme.
Must hold a driving license or learner’s permit.
Income must be below the government’s set limit.

Required Documents

Before applying, keep these documents ready to avoid delays:

Original CNIC + photocopy.
Passport-size photographs.
Proof of residence (electricity bill or domicile).
Driving license or learner’s permit.
Proof of unemployment/low income.
Bank account details for loan processing.

Loan and Subsidy Installment Plan

Here’s an example of how the payment plan works:

Rickshaw Type	Actual Price	Govt Subsidy	Loan Amount	Monthly Installment	Duration
Passenger Rickshaw (4-seat)	Rs. 400,000	Rs. 150,000	Rs. 250,000	Rs. 7,000	36 Months
Goods Carrier Rickshaw	Rs. 450,000	Rs. 170,000	Rs. 280,000	Rs. 8,000	36 Months

This structure makes ownership affordable and ensures families can repay while still keeping enough income for daily needs.

Key Benefits of the Scheme

Employment creation for thousands of jobless citizens.
Lower dependency on petrol and CNG.
Eco-friendly transport that reduces noise and air pollution.
Affordable installments suitable for low-income households.
Government support lowers the financial barrier to entry.
Improved public transport in smaller towns and rural areas.

Why Choose Electric Rickshaws?

Electric rickshaws are not only cheaper to run but also easier to maintain. They make less noise, create no smoke, and contribute to cleaner cities. Charging costs are significantly lower than fuel costs, which means more savings and better profits for drivers.

Conclusion

The PM Electric Rickshaw Scheme 2025 is more than just a financial aid program—it’s a lifeline for unemployed citizens and struggling families. With easy loans, big subsidies, and affordable monthly payments, it allows people to secure a stable income while also supporting Pakistan’s clean energy goals.