The PM Electric Bike & Rickshaw Scheme 2026 is aimed at people who want affordable transport without rising fuel costs. The idea is practical: help students, workers, and small earners shift to electric vehicles through subsidies and interest-free financing, while also reducing pressure on fuel imports and city pollution.
The scheme is being rolled out nationwide under the supervision of the Government of Pakistan, with online registration and transparent selection.
What the scheme offers in 2026
The program covers two main categories: electric bikes/scooters and electric rickshaws or loaders. Each is designed for a different need.
Electric bikes and scooters are mainly for daily commuters—students, office workers, delivery riders, and women who rely on safe, low-cost transport. A government subsidy reduces the upfront price, while the remaining amount can be paid in easy, interest-free installments.
Electric rickshaws and loaders are targeted at people who earn through transport or delivery. These vehicles are more expensive, so the subsidy is higher and financing limits are larger, making them suitable for drivers, small logistics businesses, and self-employed workers.
Who is eligible
Eligibility in 2026 is kept broad but structured:
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Pakistani citizens with a valid CNIC
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Minimum age varies by vehicle type
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Ability to repay installments after subsidy
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Preference for students, women, and low- to middle-income applicants
A dedicated women’s quota continues in 2026, especially for electric bikes, to support mobility, safety, and economic independence.
How selection works
Applications are submitted online through the official government portal. Once registration closes, computerized e-balloting is used to select successful applicants. This removes manual discretion and keeps the process fair across provinces.
Shortlisted candidates receive confirmation messages and are guided on documentation and vehicle collection from approved dealers.
Why this scheme matters now
Fuel prices remain unpredictable, and maintenance costs for conventional vehicles continue to rise. Electric vehicles offer:
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No fuel expense
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Lower running and servicing costs
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Quieter, cleaner urban transport
For many families, this scheme is not about technology—it’s about reducing monthly expenses and creating income opportunities.
Things to keep in mind
Applicants should rely only on official portals and announcements. There are no agents authorized to guarantee selection, and registration fees are minimal and paid online only.
FAQ
Is the financing really interest-free?
Yes. The remaining vehicle cost after subsidy is financed without interest.
Can people from all provinces apply?
Yes. The scheme is open nationwide, including AJK and Gilgit-Baltistan.
For 2026, the PM Electric Bike & Rickshaw Scheme remains one of the most practical government programs for affordable transport and self-reliance.
This article is published for informational and educational purposes only. nise.org.pk is not an official government website and is not affiliated with any government department. Readers are advised to verify all information from official sources before taking any action.
