Monthly Repayment Schedule and Installments Plan for PM E-Bike and Rickshaw Scheme 2025

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The Government of Pakistan has launched the PM E-Bike and Rickshaw Scheme 2025 under the PAVE program to promote clean transport. Through this scheme, people can buy electric bikes, rickshaws, and loaders at reduced prices. The government will provide subsidies and interest-free loans, making it affordable for workers, students, and small business owners. Anyone aged 18 to 65 can apply for an electric bike, while rickshaw and loader applicants must be between 21 to 65 years. Repayments will be done in easy monthly installments, helping people manage costs without any interest burden.

Vehicle Type Max Subsidy Loan Tenure
2-Wheeler Rs. 50,000 24 Months
3-Wheeler Rs. 200,000 36 Months

Loan and pave.gov.pk Monthly Repayment Schedule

The loan and repayment schedule for the PM E-Bike and Rickshaw Scheme has been carefully designed to be simple. For two-wheelers, applicants can get a subsidy of up to Rs. 50,000. This reduces the loan burden, and repayment can be done over 24 months without interest. For three-wheelers, a subsidy of Rs. 200,000 is offered, and the repayment period is extended to 36 months. Applicants must also pay 20% equity (downpayment) of the vehicle price. Stamping charges and registration fees are included in the downpayment and must be paid separately at actual cost.

Sample Two-Wheeler Models and pave.gov.pk Installments

Here are some examples of popular two-wheeler models included in the scheme. These details show how subsidies and loans reduce monthly costs for buyers:

These examples prove that even quality electric bikes can be purchased at a low monthly repayment, making them affordable for students and workers.

Sample Three-Wheeler Models and pave.gov.pk Installments

For rickshaws and loaders, the government has included trusted manufacturers with affordable repayment plans. Here are some options:

  • SAZGAR Shuttle (90Ah) – Price Rs. 1,160,000, subsidized to Rs. 960,000, downpayment Rs. 192,000. Loan Rs. 768,000, monthly ~Rs. 21,333.

  • Tez Raftar 1800W (Pak Star Automobile Pvt Ltd) – Price Rs. 800,000, subsidized Rs. 600,000. Loan Rs. 480,000, monthly ~Rs. 13,333.

  • Ecodost Electric Rickshaw (Nova Mobility Pvt Ltd) – Price Rs. 1,200,000, subsidized Rs. 1,000,000. Loan Rs. 800,000, monthly ~Rs. 22,222.

  • Voltix Cargo Loader (Huaguan New Energy) – Price Rs. 665,000, subsidized Rs. 465,000. Loan Rs. ~372,000, monthly ~Rs. 10,333.

These options give opportunities for drivers and small business owners to earn a living without fuel expenses.

Benefits of pave.gov.pk Monthly Repayment Plan

The monthly repayment schedule under pave.gov.pk has several advantages for citizens:

  • Interest-free loans make payments affordable.

  • Subsidies reduce the total price of vehicles.

  • Installments are designed for daily wage earners and entrepreneurs.

  • Vehicle ownership becomes possible without heavy financial stress.

This plan supports families by giving them access to modern electric vehicles at low cost, while also promoting eco-friendly transportation in Pakistan.

Final Steps After Applying on pave.gov.pk

Once an applicant registers on pave.gov.pk, their details are reviewed. After verification, eligible people are selected through e-balloting. If chosen, they receive instructions from banks regarding downpayment and loan processing. After paying the equity and charges, the vehicle is handed over. Monthly installments then begin according to the schedule mentioned above. It is important for applicants to keep their mobile numbers active because all updates and notifications will be shared through SMS and email from the PAVE portal.

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Conclusion

In this article, we are sharing all the details about pave.gov.pk monthly repayment schedule and installments plan for PM E-Bike and Rickshaw Scheme 2025. The government provides subsidies and interest-free loans, making electric vehicles accessible for ordinary citizens. Bikes are paid off in 24 months, while rickshaws and loaders are cleared in 36 months. With the help of this plan, people can save money on fuel and contribute to a cleaner environment. If you meet the requirements, apply on the PAVE portal to take full advantage of this scheme.

Read More:Pakistan Khidmat Card 2025 – Registration, Eligibility & Benefits

FAQs

Q1: Do I have to pay interest on my installments?
No, all installments under this scheme are interest-free, supported by the government subsidy.

Q2: Are registration fees included in the loan?
No, registration and stamping charges are part of the downpayment and must be paid separately.

Q3: Can I apply for both bike and rickshaw at the same time?
No, each applicant can only apply for one vehicle type under the scheme.

Q4: What happens if I miss a monthly installment?
If you miss a payment, the bank may add penalties or block future participation in government schemes.

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