Pakistan PAVE EV Banks List Phase 2 2025 – How to Apply for PM E-Bike & Rickshaw Subsidy
Pakistan PAVE EV Banks List 2025 is Pakistan landmark initiative to make electric bikes, rickshaws, and loaders affordable for everyone. Under this government backed program, citizens can now enjoy subsidies, easy financing and eco friendly transport options through official PAVE EV partner banks.
The PAVE EV Banks List 2025 includes 17 trusted banks nationwide, ensuring that applicants across Punjab, Sindh, KPK and other regions can access loans and subsidies conveniently. With major banks like NBP, HBL, UBL, Meezan Bank & others the program provides fast loan approval and direct subsidy adjustment for electric vehicle buyers.
Applying for the PM E-Bike & Rickshaw Subsidy 2025 is easy. Citizens can apply online at pave.gov.pk, choose their preferred bank and upload documents like CNIC proof of income & address. Once approved the subsidy is applied automatically and the remaining cost can be paid in low monthly installments.
Why PAVE EV Partner Banks 2025:
Partner banks are the backbone of the PAVE EV program. They handle the financial part of the scheme making it easier for applicants to access government subsidies and pay for vehicles in manageable installments.
Key reasons partner banks are important:
- Fast loan processing: Banks approve and disburse loans quickly.
- Easy installment plans: Affordable monthly payments for e-bikes, rickshaws and loaders.
- Direct subsidy adjustment: The government subsidy is credited to applicants accounts seamlessly.
- Nationwide support: Both branch and digital assistance is available.
- Islamic financing: Offered by Meezan Bank Bank Islami and Al Baraka for Shariah-compliant loans.
Complete PAVE EV Partner Banks List 2025:
Here is the official list of all 17 partner banks for the PAVE EV program:
| Bank Name | Coverage | Islamic Financing |
|---|---|---|
| National Bank of Pakistan (NBP) | Nationwide | No |
| Bank of Punjab (BOP) | Punjab & Nationwide | No |
| Sindh Bank | Sindh | No |
| Bank of Khyber (BOK) | KPK | No |
| Allied Bank Limited (ABL) | Nationwide | No |
| Askari Bank Limited | Nationwide | No |
| Bank Alfalah Limited | Nationwide | No |
| Habib Bank Limited (HBL) | Nationwide | No |
| JS Bank Limited | Nationwide | No |
| MCB Bank Limited (MCB) | Nationwide | No |
| Soneri Bank Limited | Sindh & Punjab | No |
| United Bank Limited (UBL) | Nationwide | No |
| Meezan Bank Limited | Nationwide | Yes |
| Bank Islami Pakistan Limited | Nationwide | Yes |
| Al Baraka Bank (Pakistan) Limited | Nationwide | Yes |
| Faisal Bank | Nationwide | No |
| SAMBA Bank Limited | Nationwide | No |
✅ Total: 17 partner banks
How to Apply for PM E-Bike & Rickshaw Subsidy 2025:
Applying for the PAVE EV subsidy 2025 is simple and applicant friendly. Follow these steps:
- Visit the official portal: pave.gov.pk
- Fill in the online application form with your CNIC & personal details
- Select your preferred bank from the official partner list
- Attach the required documents (CNIC proof of income address, guarantor if required)
- Your selected bank will verify your application and process the loan
- Once approved, the subsidy will be applied and you can pay the remaining cost in easy monthly installments
Tip: Ensure all documents are clear and up to date to avoid delays.
Pakistan PAVE EV Banks List Loan and Financing 2025:
| Province | Available Partner Banks |
|---|---|
| Punjab | BOP, ABL, HBL, UBL, Meezan Bank, MCB |
| Sindh | Sindh Bank, Bank Alfalah, JS Bank, Soneri Bank, Al Baraka |
| Khyber Pakhtunkhwa | Bank of Khyber, Askari Bank, HBL, UBL |
| Nationwide | NBP, HBL, UBL, Meezan, MCB |
This ensures nationwide accessibility, even for applicants in smaller cities or towns.
Benefits of the PAVE EV Program 2025:
The PAVE EV scheme offers multiple advantages:
- Subsidy support: Rs. 80,000 for e bikes, Rs. 400,000 for e-rickshaws loaders
- Easy financing: Pay the remaining cost in low monthly installments
- Nationwide bank support: Both online and branch assistance available
- Islamic financing options: Provided by selected banks for Shariah compliant loans
- Transparent process: Government subsidy is directly transferred reducing fraud & delays
- Eco-friendly transportation: Promotes green energy & reduces pollution
Required Documents for PAVE EV Application 2025:
To apply successfully, ensure you have:
- CNIC (National Identity Card)
- Proof of income
- Proof of residence address
- Guarantor details (if required by the bank)
- Application confirmation from the portal
Tip: Keep scanned copies ready for uploading online.
FAQs E-Rickshaw Subsidy Pakistan 2025:
1. How many banks are part of the PAVE EV program?
✅ 17 partner banks are included.
2. Can I choose any bank?
Yes, based in your province and branch availability.
3. Do all banks offer Islamic financing?
No, only Meezan Bank, Bank Islami and Al Baraka provide Shariah-compliant options.
4. What is the subsidy amount?
Rs. 80,000 for e bikes and Rs. 400,000 for e-rickshaws/loaders.
5. Can I apply online?
Yes, registration is available at pave.gov.pk, but final verification may require a bank visit.
6. Who can benefit from this scheme?
Students, delivery riders, women, small business owners, and first-time electric vehicle buyers.
7. Is this program available across Pakistan?
Yes, partner banks cover all provinces and major cities.
Subsidized Electric Vehicles Pakistan 2025 Conclusion:
The PAVE EV Partner Banks List 2025 is a testament to Pakistan commitment to green and affordable transportation. With trusted banks providing loans easy installments and direct subsidy transfer, millions of citizens now have access to modern electric vehicles.
If you are planning to buy a PM Electric Bike, Rickshaw or Loader don’t wait. Visit pave.gov.pk, choose a partner bank, and apply online to enjoy the subsidy and easy financing today.
