Step-by-Step Guide: How to Apply for SBP Vehicle Scheme 2025

How to Apply for SBP Vehicle Scheme The government of Pakistan, through the State Bank of Pakistan (SBP), has launched one of the most transformative initiatives of 2025 — the SBP Electric Vehicle (EV) Cost Sharing Scheme. Designed to promote eco-friendly transport, reduce fuel dependency, and support affordable mobility, this program has become the talk of the town. Thousands of citizens are now eager to learn how to apply SBP Electric Vehicle Scheme 2025 and secure their own electric bike or rickshaw at subsidized rates.

This article provides a comprehensive, step-by-step guide, covering the scheme’s objectives, eligibility, benefits, required documents, application method, and frequently asked questions.

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Why SBP Introduced the Electric Vehicle Scheme 2025?

Pakistan is facing serious challenges due to rising fuel prices, heavy import bills, and alarming levels of urban air pollution. Traditional petrol and diesel-powered vehicles are no longer sustainable for the average citizen.

The SBP Electric Vehicle Scheme 2025 addresses these issues by:

• Promoting green energy and sustainability.
• Making electric vehicles affordable through government subsidies.
• Supporting women, students, and delivery riders through special quotas.
• Encouraging local production of EVs, which boosts the economy and creates jobs.

This scheme not only aims to modernize the transport sector but also to make eco-friendly vehicles accessible to low and middle-income groups.

Key Features of the SBP Vehicle Scheme 2025?

The scheme stands out because of its unique features:

1. Scheme Size & Coverage
   • 116,000 electric bikes will be financed in FY 2025-26.
   • 3,170 rickshaws and loaders will also be included.
2. Subsidy Support
   • Up to Rs. 50,000 subsidy per electric bike.
   • Up to Rs. 200,000 subsidy per electric rickshaw/loader.
3. Quotas for Fair Access
   • 25% reserved for females, promoting gender equality.
   • 10% reserved for delivery riders and courier workers, supporting self-employment.
   • 30% reserved for fleet operators, encouraging business adoption.
4. Easy Installments with Zero Markup
   • Remaining cost financed through banks.
   • Zero markup loans make monthly payments affordable.

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Eligibility Criteria?

To apply successfully, applicants must meet these conditions:

• Must be a Pakistani citizen with valid CNIC.
• Age must be 18 years or above.
• Must have a valid driving license for operating e-bikes or rickshaws.
• Must not be a defaulter of any financial institution.
• Applicants from all provinces, including Punjab, Sindh, KPK, and Balochistan, are eligible.

Special preference will be given to:

Documents Required for SBP Electric Vehicle Scheme 2025?

To apply successfully under the SBP Electric Vehicle Cost Sharing Scheme 2025, applicants must prepare a complete set of documents. Submitting correct and verified documents ensures smooth processing and faster approval of your application. Below is the detailed list of required documents along with their importance:

1. Copy of CNIC (Computerized National Identity Card)?

• A valid CNIC is mandatory for all applicants.
• It verifies your nationality, age, and identity.
• Make sure the CNIC is valid and not expired at the time of application.
• Applicants must attach both front and back photocopies.

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2. Two Recent Passport-Size Photographs?

• Required for official records and verification.
• The photographs should be:
  • Clear, colored, and with a plain background.
  • Taken within the last six months.
• Women applicants under the reserved quota should ensure their photo matches CNIC records for consistency.

3. Valid Driving License?

• Since the scheme covers e-bikes and rickshaws, a driving license is compulsory.
• Without a valid license, your application will not be processed.
• Types of licenses acceptable:
  • Motorcycle license (for e-bike applicants).
  • Rickshaw/commercial vehicle license (for rickshaw or loader applicants).
• Make sure your license is updated, renewed, and officially issued by the local licensing authority.

4. Salary Slip (for Salaried Applicants)?

• If you are employed, you must provide the latest salary slip issued by your employer.
• This helps the bank evaluate your repayment capacity.
• If salary slips are not available, a salary certificate on company letterhead may also be accepted.

5. Income Proof (for Self-Employed / Business Owners)?

• Self-employed individuals such as shopkeepers, freelancers, or delivery riders need to submit proof of their earnings.
• Examples of accepted documents:
  • Bank statement showing regular transactions.
  • Business registration certificate.
  • Tax returns or income affidavit.
• This ensures the applicant can manage monthly installments without difficulty.

6. Bank Account Details

• Every applicant must have an active bank account in their own name.
• This account will be used for:
  • Loan disbursement.
  • Monthly installment deductions.
• If you do not already have an account, you should open one before applying.

7. Domicile Certificate?

• A domicile proves your residence and province of origin.
• It ensures transparency in quota distribution among different provinces.
• Applicants must attach a valid and attested copy issued by their local district authority.

Step-by-Step Guide: How to Apply SBP Electric Vehicle Scheme 2025?

Now let’s discuss the most important part — the application process. Follow these steps carefully:

Step 1: Select a Participating Bank?

Visit a bank registered under the SBP EV Scheme. Major banks such as HBL, UBL, Bank Alfalah, MCB, and Meezan Bank are expected to participate.

Step 2: Collect Application Form?

Ask for the “SBP Cost Sharing EV Scheme Application Form.”

Step 3: Fill in the Form?

Provide accurate details including:

• Full name and CNIC number
• Residential address
• Employment or business information
• Type of vehicle required (Bike / Rickshaw / Loader)

Step 4: Attach Required Documents?

Attach CNIC copy, driving license, income proof, photographs, and domicile certificate.

Step 5: Submit the Application?

Submit your form and documents at the bank branch.

Step 6: Verification & Approval?

The bank will conduct:

• Credit history check.
• Income and employment verification.
• Document validation.

Step 7: Subsidy Deduction & Loan Setup?

Once approved:

• Government subsidy is directly deducted from the vehicle price.
• Remaining amount is financed through the bank at zero markup.

Step 8: Vehicle Delivery?

After approval, the electric vehicle is delivered to the applicant within 1–3 months depending on availability.

Benefits of the Scheme?

1. Low Cost of Ownership
   • Subsidy + zero markup loans mean cheaper access.
2. Green Technology
   • Reduction in carbon emissions and fuel dependency.
3. Savings on Fuel
   • No petrol or diesel required; huge monthly savings.
4. Women Empowerment
   • A separate quota ensures mobility for women.
5. Support for Self-Employment
   • Delivery riders and small entrepreneurs get easy access to EVs.

Application Timeline?

• Launch Date: September 29, 2025
• Applications Open: October 2025
• First Phase Deliveries: December 2025 – March 2026

FAQs – How to Apply SBP Electric Vehicle Scheme 2025?

Conclusion How to Apply for SBP Vehicle Scheme?

The SBP Electric Vehicle Scheme 2025 is a game-changer for Pakistan’s transport sector. By providing subsidies, interest-free financing, and step-by-step application processes, the government is helping citizens shift towards eco-friendly, affordable mobility.

If you are interested in how to apply SBP Electric Vehicle Scheme 2025, now is the best time to prepare your documents and visit a participating bank. With easy installments, subsidies, and government backing, this scheme opens doors for students, women, delivery riders, and entrepreneurs to own their own electric vehicles and contribute to a cleaner, greener Pakistan.