Welcome to the Prime Minister’s Electric Bike and Rickshaw Scheme 2025 information hub.In this article, we are sharing all the details about the pave gov pk Monthly Repayment Schedule and Installments Plan for PM E-Bike and Rickshaw Scheme 2025. This scheme is designed to help students, riders, and small business owners by providing electric bikes and rickshaws on easy monthly installments. The aim is to reduce fuel expenses, encourage clean transport, and create new income opportunities for thousands of citizens.
According to official details, people aged 18–65 years can apply for electric bikes, while those between 21–65 years can apply for electric rickshaws and loaders. The best part is that repayment will be done in interest-free installments with full support from the Government of Pakistan.
Read More: Register on pave.gov.pk for PM Electric Bike
PAVE Gov PK Monthly Repayment Schedule and Installment Plan
The loan and subsidy details shared by the government clearly show that the plan is designed to be affordable for middle- and lower-income Pakistanis.
| 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% |
Note: Stamping charges and registration fees will be paid separately at actual cost during downpayment.
This means that anyone who qualifies will only need to pay a small equity amount upfront, while the rest will be financed through banks without interest.
PAVE Sample Two-Wheeler Models and Monthly Installments
Let’s break down the real market prices with government subsidy and installment details:
- VELOCITY (Vitality Electric Vehicles) – Price Rs. 249,000.
- Downpayment Rs. 4,980.
- Loan Rs. 200,000.
- Monthly installment Rs. 8,674.
- Jolta JE-70L (Jolta Electric Pvt Ltd) – Price Rs. 237,900.
- Subsidized cost Rs. 187,900.
- Loan Rs. 150,320 after equity.
- Monthly installment Rs. 6,263.
- MS Jaguar BOLT (MS Automobiles Pvt Ltd) – Price Rs. 234,900.
- Loan Rs. 147,920.
- Monthly installment Rs. 6,163.
- Yadea M3H (Eiffel Industries Ltd – Road Prince) – Price Rs. 250,000.
- Subsidized financing Rs. 200,000.
- Monthly installment Rs. 8,333.
These bikes are specially targeted at young students, riders, and delivery workers who want to save fuel money and shift to electric rides.
Read More: Required Documents for PAVE Scheme
PAVE Sample Three-Wheeler Models and Monthly Installments
The government has also provided electric rickshaws and loaders for self-employment and cargo use.
- SAZGAR Shuttle (90Ah) – Price Rs. 1,160,000.
- Subsidized cost Rs. 960,000.
- Loan Rs. 768,000.
- Monthly installment Rs. 21,333.
- Tez Raftar 1800W (Pak Star Automobile Pvt Ltd) – Price Rs. 800,000.
- After subsidy Rs. 600,000.
- Loan Rs. 480,000.
- Monthly installment Rs. 13,333.
- Ecodost Electric Rickshaw (Nova Mobility Pvt Ltd) – Price Rs. 1,200,000.
- Subsidized price Rs. 1,000,000.
- Loan Rs. 800,000.
- Monthly installment Rs. 22,222.
- Voltix Cargo Loader (Huaguan Energy Pvt Ltd) – Price Rs. 665,000.
- Subsidized price Rs. 465,000.
- Loan Rs. 372,000.
- Monthly installment Rs. 10,333.
This shows that small entrepreneurs and drivers can now own electric loaders and rickshaws without heavy bank interest.
PAVE 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 |
| MS Automobiles Pvt Ltd | Jaguar BOLT | 234,900 | 2-Wheeler | 6,163 |
| Eiffel Industries (Road Prince) | Yadea M3H | 250,000 | 2-Wheeler | 8,333 |
| Sazgar Engineering Works Ltd | Shuttle 90Ah | 1,160,000 | 3-Wheeler | 21,333 |
| Pak Star Automobile Pvt Ltd | Tez Raftar | 800,000 | 3-Wheeler | 13,333 |
| Nova Mobility Pvt Ltd | Ecodost | 1,200,000 | 3-Wheeler | 22,222 |
| Huaguan Energy Pvt Ltd | Voltix Loader | 665,000 | 3-Wheeler | 10,333 |
Final Notes for Applicants
- Subsidy is upfront – meaning the buyer gets reduced price instantly.
- Banks will provide interest-free loans, making it easier for middle-class families.
- Installments are kept affordable for daily wage workers, delivery riders, and small entrepreneurs.
- Registration and applications are only through the official PAVE portal (pave.gov.pk).
- Final selection will be made through e-balloting, ensuring transparency and fairness.
Read More: Eligibility Criteria for PAVE Scheme
Conclusion
The PM E-Bike and Rickshaw Scheme 2025 is not just about vehicles; it’s about reshaping Pakistan’s transport culture. By supporting electric mobility, the government is helping people save money, reduce dependency on petrol, and start small businesses with minimum investment. For many, this could be the chance to own their first electric vehicle without worrying about bank interest or high monthly burdens. If you’re eligible, don’t delay – apply through pave.gov.pk and take advantage of this historic opportunity.
