Monthly Repayment Schedule and Installments

The Prime Minister’s E-Bike and Rickshaw Scheme 2025 has been launched to promote the adoption of eco-friendly electric vehicles and support sustainable urban mobility. Under the PAVE initiative, citizens will be able to purchase electric bikes and rickshaws at subsidized prices.

Individuals between the ages of 18 and 65 are eligible to apply for electric bikes, while those aged 21 to 65 can apply for electric rickshaws and loaders.

The government has ensured that repayments will be made through convenient, interest-free installments, making the scheme more accessible to the public.

Installment Plan Overview

Vehicle Type	Max Subsidy	Loan Cap (Max)	Equity Participation	Loan Tenure	Insurance Rate
2-Wheeler	Rs. 50,000	Rs. 200,000	20%	24 months	2%
3-Wheeler	Rs. 200,000	Rs. 880,000	20%	36 months	2%

Two-Wheeler Models & Monthly Installments

1. VELOCITY – Price: Rs. 249,000

Manufacturer: Vitality Electric Vehicles

• Initial Payment: Rs. 4,980
• Financing Option: Up to Rs. 200,000 available on loan
• Monthly Payment: Rs. 8,674 (calculated using the official installment plan)

2. Jolta JE-70L – Price: Rs. 237,900

• Manufacturer: Jolta Electric Pvt. Ltd.
• Discounted Price with Subsidy: Rs. 187,900 F
• inancing (after 20% equity ~Rs. 47,580):
• Around Rs. 150,320
• Installment Plan: Approximately Rs. 6,263 per month for 24 months

3. MS Jaguar BOLT – Price: Rs. 234,900

• Manufacturer: MS Automobiles Pvt. Ltd.
• Financing Amount: Approximately Rs. 147,920
• Installment Plan: Around Rs. 6,163 per month

4. Yadea M3H – Price: Rs. 250,000

• Manufacturer: Eiffel Industries Ltd. (Road Prince)
• Subsidy: Rs. 50,000
• Financing Amount: Rs. 200,000 after subsidy
• Installment Plan: About Rs. 8,333 per month

Three-Wheeler Models & Monthly Installments

• Company: Sazgar Engineering Works Ltd.
• Price after Subsidy: Rs. 960,000
• Initial Payment (20%): Rs. 192,000
• Financed Amount: Rs. 768,000
• Installment Plan: Approximately Rs. 21,333 per month for 36 months

2. Tez Raftar 1800W – Rs. 800,000

• Company: Pak Star Automobile Pvt. Ltd.
• Discounted Price (after Rs. 200,000 subsidy): Rs. 600,000
• Financing Amount: Rs. 480,000
• Installment Plan: Approximately Rs. 13,333 per month for 36 months

3. Ecodost Electric Rickshaw – Price: Rs. 1,200,000

• Manufacturer: Nova Mobility Pvt. Ltd.
• Price after Subsidy: Rs. 1,000,000
• Initial Payment: Rs. 200,000
• Financed Amount: Rs. 800,000
• Installment Plan: Approximately Rs. 22,222 per month

4. Voltix Cargo Loader – Price: Rs. 665,000

• Manufacturer: Huaguan New Energy Resources
• Subsidized Price: Rs. 465,000
• Financing Amount: Approximately Rs. 372,000
• Installment Plan: Around Rs. 10,333 per month

Select EV Options With Estimated Monthly Installments

Company	Model	Price (Rs.)	Type	Est. Monthly (Rs.)
Vitality Electric Vehicles	VELOCITY	249,000	2-Wheeler	8,674
Jolta Electric Pvt Ltd	JE-70L	237,900	2-Wheeler	6,263
Eiffel Industries (Road Prince)	Yadea M3H	250,000	2-Wheeler	8,333
MS Automobiles Pvt Ltd	Jaguar BOLT	234,900	2-Wheeler	6,163
Sazgar Engineering Works Ltd	Shuttle (90Ah)	1,160,000	3-Wheeler	21,333
Pak Star Automobile Pvt Ltd	Tez Raftar 1800W	800,000	3-Wheeler	13,333
Nova Mobility Pvt Ltd	Ecodost Electric Rickshaw	1,200,000	3-Wheeler	22,222
Huaguan Energy Pvt Ltd	Voltix Cargo Loader	665,000	3-Wheeler	10,333

Final Notes

• The subsidy will be provided upfront, while banks will extend interest-free financing options.
• Installment plans have been structured to remain affordable for workers, delivery riders, and small business owners.
• Applications and registrations can be completed through the PAVE online portal (pave.gov.pk).
• The final list of beneficiaries will be determined through an electronic balloting process.

PM Electric Bike Rickshaw Scheme 2025

Frequently Asked Questions

Who can apply for the program?

Eligibility Criteria

• The scheme is open to all Pakistani nationals, including residents of Gilgit-Baltistan and Azad Jammu and Kashmir.
• For electric bikes: Applicants must be between 18 and 65 years old.
• For electric rickshaws and loaders: The age limit is 21 to 65 years.
• Fleet operators are also eligible, provided they follow the prescribed regulations.

Can Women Apply?

Yes. The program has reserved 25% of the total e-bike quota specifically for female applicants.

What Types of Vehicles Are Offered?

The scheme covers a range of electric vehicles, including:

• Electric motorcycles and scooters ,
• Electric rickshaws ,
• Electric loaders .

This scheme applies exclusively to vehicle models approved by the Engineering Development Board (EDB).

How to Apply?

Applications can be submitted exclusively through the official online portal. The entire procedure is digital and designed to be straightforward.

Can I Apply Without the Online Portal?

No. Applications are processed solely through the official web portal, and no alternative methods are accepted.

Can I Apply for Multiple Vehicles?

No, each individual is allowed to submit an application for only one vehicle. Fleet owners can request extra vehicles under this program, provided they follow the official rules and eligibility criteria.

Is a Driving License Required to Apply?

No, a license is not needed at the time of application. However, you will be required to hold a valid driving license in order to operate the vehicle.

Can I modify my vehicle selection after applying ?

No. Once the application has been submitted, the chosen vehicle cannot be changed.

Can I Apply If I Already Received an EV Through Another Government Scheme?

No. Applicants who have previously obtained an electric vehicle under any government program are not eligible, as this would be considered a duplicate benefit.

How Will the Vehicle Be Delivered?

The manufacturer will handle the delivery of the vehicle, while the bank and online portal will verify and confirm the delivery address.

What if I have already applied for a provincial EV scheme ?

You may still submit an application, but double benefits are not allowed. The final decision will rest with the Steering Committee.

How will the payment be made ?

Payments will be made through convenient monthly installments (EMIs), which cover both the vehicle cost and insurance. The government will cover the interest, ensuring a zero-markup loan

How Can I Track My Application and Delivery?

You can monitor the status of your application and vehicle delivery directly through the official online portal.

How Will I Be Notified About Approval?

Approval updates will be communicated via SMS, email, or through your account on the portal.

Can I Cancel or Withdraw My Application?

There is no official option to cancel an application; any such requests will be handled at the discretion of the bank.

What Will the Vehicle Cost Me?

The government provides a subsidy, which reduces your cost as follows:

• Rs. 50,000 for electric bikes
• Rs. 200,000 for rickshaws and loaders

The remaining amount can be paid in interest-free monthly installments.

Can I Choose a Model Priced Above Rs. 250,000?

Is There Any Upfront Payment Required?

• For vehicles ≤ Rs. 250,000: Pay the first installment, first-year insurance, and bank charges.
• For vehicles > Rs. 250,000: Pay the price difference along with the first installment, insurance, and bank fees.
  

Are There Any Processing Fees?

There are no loan processing or Bike early settlement charges. However, applicants are required to pay:

• Bank documentation fees

• First-year insurance

What Happens If I Miss an Installment?

Missing an installment will incur a penalty, Bike and the bank reserves the right to repossess the vehicle.

What Is the Loan Repayment Period?

The scheme offers a 2-yearBike repayment period for electric bikes, while electric rickshaws and loaders come with a 3-year Bike financing Bike plan.

Can I Choose the Vehicle Brand or Model?

Yes, but you may only select from the approved models listed on the portal.

Readmore PM Vehicle Policy Electric Bike and Rikshaw Scheme New Energy 2025-30

What Documents Are Needed to Apply?

• Valid CNIC

• Recent photograph

• Proof of income or a bank account statement

• Additional documents if requested by the bank

Is the Scheme Available in Rural Areas?

Yes, the program is open to all areas across Pakistan,Bike including rural regions.

Can Government Employees Apply?

Yes, government employees are eligible to participate.

Are Students Eligible?

Eligibility is granted as long as applicants fulfill the required age criteria and maintain the necessary banking compliance.Bike

Will Maintenance or After-Sales Service Be Provided?

Yes, all participating companies are required to offer service and spare parts.

What If the Vehicle Develops Technical Issues After Delivery?

The vehicle comes with a warranty, and any issues should be reported to the manufacturer.

Can Someone Else Drive the Vehicle?

Yes, as long as the driver holds a valid license. Improper use of the vehicle can impact a beneficiary’s qualification for upcoming government programs.

Can I Sell the Vehicle Before Completing Payments?

No, the vehicle cannot be sold until all payments are completed.

Is Insurance Included for Theft or Accidents?

Yes, the vehicle comes with insurance coverage.