Interest-Free Loan Scheme for E-Bikes and E-Rickshaws 2025 – Complete Details

The federal government has rolled out a new interest-free loan scheme for electric bikes, rickshaws, and loaders to encourage the shift towards green transport and reduce fuel dependency.

According to the official notification issued by the State Bank of Pakistan (SBP), the initiative is called the Cost Sharing Scheme for Electric Bikes and Rickshaws/Loaders. Under this program, the government will bear the full markup cost, while borrowers will only repay the principal loan amount in easy monthly installments.

Key Features of the Interest-Free Loan Scheme

Total Units to be Financed:

• 116,000 e-bikes

• 3,170 e-rickshaws/loaders

Special Allocations:

• 25% of e-bikes for women

• 10% for delivery riders & courier services

• 30% of e-rickshaws/loaders for fleet operators

Phased Implementation:

• Phase 1: 40,000 e-bikes & 1,000 e-rickshaws/loaders

• Phase 2: 76,000 e-bikes & 2,170 three-wheelers

Loan Size:

• Rs. 200,000 for an e-bike

• Rs. 880,000 for an e-rickshaw/loader

Repayment Tenure:

• 2 years for e-bikes

• 3 years for rickshaws/loaders

Equity Contribution:

• 20% borrower’s share (may be fully covered by subsidy)

• Capital subsidy: up to Rs. 50,000 for e-bikes & Rs. 200,000 for rickshaws/loaders

Eligibility:

• Pakistani citizens (including Gilgit-Baltistan & AJK)

• Age limit: 18–65 years for e-bikes, 21–65 years for rickshaws/loaders

• Fleet operators can also apply

Why This Scheme Matters

This program is part of the government’s Green Transport Policy for FY26. By financing over 119,000 vehicles, the aim is to reduce emissions, promote energy efficiency, and support affordable transport alternatives.

Since the markup is fully covered by the government, borrowers only need to repay the principal in monthly installments, making it a highly attractive option for students, delivery riders, women, and small business owners.

Also read:How to Make Money on Amazon Affiliate Program in 2025

FAQs – Interest-Free Loan Scheme for E-Bikes & Rickshaws

Q1: Who can apply for the loan?

All Pakistani citizens aged 18–65 for e-bikes and 21–65 for e-rickshaws/loaders are eligible. Fleet operators can also apply.

Q2: Is there any interest charged?

No. The federal government will bear the entire markup cost. Borrowers only repay the principal and insurance.

Q3: What is the loan amount?

Rs. 200,000 for an electric bike and Rs. 880,000 for an electric rickshaw/loader.

Q4: How much equity do I need to pay?

The borrower contributes 20% equity. However, subsidies of up to Rs. 50,000 (bikes) and Rs. 200,000 (rickshaws/loaders) can fully cover this portion.

Q5: What is the repayment period?

2 years for e-bikes and 3 years for rickshaws/loaders.

Also read:Own a Suzuki GD 110S For Just Rs. 11,600 at 0% Interest

✅ Call to Action

If you are a student, delivery rider, or small business owner, this is the best opportunity to own an electric bike or rickshaw at zero interest. Stay tuned for the official application process and apply as soon as registrations open to secure your slot.