SBP Cost Sharing Electric Vehicle Scheme 2025 – Apply Online for E-Bikes & Rickshaws

The SBP Cost Sharing Electric Vehicle Scheme 2025 is one of the biggest government-backed programs to promote green transport in Pakistan. Launched with the support of the State Bank of Pakistan (SBP), this scheme provides affordable loans with 0% markup and massive subsidies for electric bikes, rickshaws, and loaders.

The program will help reduce fuel dependency, encourage sustainable transport, and make modern vehicles accessible to students, women, small businesses, delivery riders, and fleet operators.

In this complete guide, you’ll learn everything about the scheme: eligibility, loan details, subsidy amounts, online application, women quota, business benefits, EMI plan, and more.

🔑 Key Features of SBP Cost Sharing Electric Vehicle Scheme 2025

The SBP Cost Sharing Electric Vehicle Scheme 2025 is carefully designed to make electric mobility affordable, inclusive, and practical for Pakistani citizens. Here’s a detailed breakdown of the features that make this program unique:

🚲 Vehicle Distribution Plan

• 116,000 Electric Bikes (E-Bikes):
  These two-wheelers are meant to replace traditional petrol bikes, which are costly to maintain and run. E-bikes will help students, employees, and daily commuters save fuel and travel at lower costs.
• 3,170 Electric Rickshaws & Loaders:
  Specially introduced to support small businesses, transport workers, and delivery operators. These vehicles will help boost the gig economy, logistics, and urban transport.

👩‍🦰 Quota Distribution

The government has allocated specific quotas to ensure equal access for all segments of society:

• 25% Reserved for Women:
  Aimed at empowering working women and female students by giving them affordable transport options.
• 10% for Business Riders (Courier & Delivery):
  Targeted at delivery riders and small-scale entrepreneurs in the logistics sector.
• 30% for Fleet Operators:
  This allocation will support larger businesses, ride-hailing services, and goods transport companies in adopting sustainable vehicles.

📦 Phased Rollout of Vehicles

The scheme will be implemented in two phases to ensure smooth processing:

• Phase 1:
  Distribution of 40,000 e-bikes and 1,000 e-rickshaws/loaders. This will help test and improve the process while addressing initial demand.
• Phase 2:
  Distribution of the remaining 76,000 e-bikes and 2,171 e-rickshaws/loaders. This phase will scale up the program nationwide.

This phased approach avoids delays, ensures fair distribution, and gives banks and vendors time to handle demand.

💰 Loan Coverage & Financing Amounts

• For E-Bikes: Financing up to PKR 200,000
• For Rickshaws/Loaders: Financing up to PKR 880,000

This covers a wide range of models, ensuring both individual buyers and businesses can find affordable options.

🎁 Government Subsidy Support

The government is providing direct subsidies to make loans easier:

• Rs. 50,000 subsidy for electric bikes
• Rs. 200,000 subsidy for rickshaws/loaders

This subsidy is adjusted against the 20% equity requirement, meaning in many cases, the borrower will not need to pay any upfront down payment.

🏦 Financing Terms

The scheme offers some of the most attractive financing terms in Pakistan:

• Debt-to-Equity Ratio: 80:20 (where subsidy is included in the equity portion).
• Loan Tenure:
  • Up to 2 years for bikes
  • Up to 3 years for rickshaws/loaders
• Markup Rate: End users pay 0% markup since the government covers the interest (markup subsidy).
• Repayment Method: Easy monthly installments (EMI) that include only principal + insurance.

This ensures that borrowers are not burdened by hidden costs or extra charges.

⚡ EMI & Repayment Convenience

Borrowers only repay the principal loan amount and insurance charges.

• No additional markup or service fees.
• EMIs are small and manageable, making the scheme accessible for low- and middle-income families.

🏷 Other User-Friendly Benefits

• No Loan Processing Charges: Application and loan processing are completely free.
• No Early Settlement Penalties: Borrowers can repay the loan early without extra charges.
• Digital Application Portal: Entire process is online with minimal human interaction, ensuring transparency, efficiency, and quick approvals.
• After-Sales Service Guarantee: Vehicles will be supplied by shortlisted vendors/OEMs who are responsible for timely delivery and maintenance services.

👥 Eligibility Criteria for SBP EV Scheme 2025 in Pakistan

The SBP Cost Sharing Electric Vehicle Scheme 2025 is open for a wide range of Pakistanis, making it an inclusive program that supports both individuals and businesses. To apply successfully, applicants must meet certain conditions related to age, documents, financial standing, and driving eligibility.

🧑‍🤝‍🧑 General Eligibility for All Citizens

• The scheme is available to all citizens of Pakistan, including residents of Gilgit-Baltistan (GB) and Azad Jammu & Kashmir (AJK).
• Applicants must be permanent residents with valid CNICs.
• Both men and women are encouraged to apply, with dedicated quotas for women riders and delivery workers.

🚲 Eligibility for Electric Bikes

• Minimum Age: 18 years
• Maximum Age: 65 years
• This makes the scheme open to a broad group – from young students just entering adulthood, to senior citizens who still prefer to commute independently.
• Especially useful for:
  • Students who need affordable daily transport
  • Job holders traveling to workplaces
  • Delivery riders looking to reduce fuel costs
  • Women professionals seeking safe and cost-effective mobility

🚜 Eligibility for Rickshaws & Loaders

• Minimum Age: 21 years
• Maximum Age: 65 years
• Slightly higher minimum age because operating rickshaws and loaders requires greater responsibility and driving maturity.
• Suitable for:
  • Small transporters
  • Ride-hailing drivers
  • Freelancers/business owners who use loaders for goods delivery
  • Unemployed citizens planning to start earning through transport

🏢 Eligibility for Fleet Operators

• Fleet operators are also eligible to apply for e-rickshaws and loaders under a special quota (30% reserved).
• However, their eligibility criteria will be finalized by the Steering Committee, which will ensure fair distribution among genuine businesses.
• Likely conditions may include:
  • Registered company/partnership
  • Fleet operation license or NTN
  • Proof of demand for commercial transport

🪪 Mandatory Requirements for All Applicants

1. Valid CNIC – Identity proof is compulsory.
2. Income Proof – Can be salary slips, bank statements, or proxy methods (for freelancers, daily wage earners, or self-employed).
3. Driving License / Digital Undertaking – Applicants must hold a valid license or sign an undertaking to acquire it within the loan period.
4. Mobile Number Linked to CNIC – For digital verification through NADRA/PMD system.

✅ Who is Most Likely to Benefit?

• Students who cannot afford high petrol costs.
• Women commuters looking for safe and subsidized mobility.
• Delivery riders working with Foodpanda, Bykea, Careem, Daraz etc.
• Small businesses that rely on loaders/rickshaws.
• Fleet operators who want to shift to green technology.
• Families with limited income who want low-cost daily transport.

📑 Required Documents for SBP Cost Sharing Electric Vehicle Loan

To ensure transparency and smooth processing, the SBP Cost Sharing Electric Vehicle Scheme 2025 has set a standard list of documents that every applicant must provide. These documents help banks verify identity, eligibility, and repayment capacity before approving the loan.

Here’s the detailed list with explanations:

1️⃣ Valid CNIC Copy (Computerized National Identity Card)

• Every applicant must provide a clear copy of their CNIC.
• This serves as the primary proof of identity and citizenship.
• CNIC details are also cross-verified with NADRA during online registration.
• Both front and back sides of CNIC must be scanned or photocopied.

2️⃣ Passport-Size Photograph

• A recent passport-size photograph of the applicant is required.
• This is attached with the application file for identification purposes.
• Digital uploads must be in JPG or PNG format (if applying online).

3️⃣ Driving License or Digital Undertaking

• For e-bike applicants, a valid motorcycle driving license is preferred.
• For rickshaw/loader applicants, a rickshaw/loader-specific license is required.
• If the applicant does not yet have a license, they must provide a digital undertaking stating they will acquire it within the loan period.
• This ensures that only responsible and eligible drivers benefit from the scheme.

4️⃣ Salary Slip / Income Proof / Bank Statement

• To verify repayment capacity, income documents are mandatory.
• Options include:
  • Salary slip (for salaried employees)
  • Bank statement (3–6 months) for businesspersons or freelancers
  • Proxy income proof for daily wage earners, small vendors, or self-employed individuals
• This helps banks calculate Debt Burden Ratio (DBR) and ensure applicants can afford monthly installments.

5️⃣ Utility Bill (Address Verification)

• Any recent electricity, gas, or water bill from the applicant’s residence is required.
• This verifies the permanent address and matches it with CNIC records.
• In some cases, tenancy agreements may also be accepted.

6️⃣ Mobile Number Registered with CNIC

• The mobile number must be biometrically verified and linked with CNIC.
• This is important for:
  • Digital OTP verification
  • NADRA Verisys check
  • SMS updates regarding application status
• Without a registered mobile number, the digital portal application will not proceed.

📌 Additional Notes for Applicants

• All documents should be valid and up-to-date at the time of application.
• Scanned copies must be clear if uploading online.
• Banks may request additional documents depending on their credit policies (e.g., guarantor information, NTN for businesses, or company registration for fleet operators).
• Keep original documents ready for verification during the loan disbursement stage.

Women Quota in SBP Electric Bike Subsidy Scheme 2025

One of the most remarkable aspects of the SBP Cost Sharing Electric Vehicle Scheme 2025 is the 25% reserved quota for women. This is a groundbreaking move in Pakistan’s transport policy, designed to empower women by giving them safe, reliable, and affordable access to mobility.

For decades, women in Pakistan, especially students and working professionals, have faced challenges in commuting due to expensive fuel, lack of safe public transport, and social restrictions. This quota ensures that women are not left behind in the transition to green and sustainable transport.

🎯 Why Women Quota Matters

• Encourages Women’s Mobility:
  Women often depend on family members or expensive ride-hailing services for daily travel. This scheme provides them with affordable independence.
• Promotes Equal Opportunities:
  By subsidizing transport, women can access better education, jobs, and business opportunities.
• Supports Women Empowerment Goals:
  The government is aligning this step with broader women empowerment policies and climate-friendly initiatives.

🌟 Key Benefits for Women

1. Special Priority in Allocation
   • Applications from women will be processed with priority, ensuring faster approvals.
   • Reserved quota guarantees availability regardless of high demand from male applicants.
2. Subsidy Covers Equity Portion
   • Normally, applicants must pay 20% equity.
   • For women, the government subsidy (Rs. 50,000) will cover most, if not all, of this requirement.
   • This means many women will not have to pay any upfront down payment.
3. Affordable & Easy Installments
   • Since markup is 0% and only principal + insurance is charged, EMIs will remain very low.
   • Working women and students can easily afford repayments without financial stress.
4. Safe & Eco-Friendly Transport
   • Electric bikes provide women with personal mobility, avoiding the risks of unsafe public transport.
   • Environment-friendly vehicles also support a greener future for Pakistan.
5. Educational and Professional Access
   • Students traveling to universities/colleges and professionals commuting to offices will save both time and money.

📌 Example Case Study

• Suppose a female applicant applies for an e-bike worth Rs. 180,000.
• Government subsidy = Rs. 50,000.
• Required equity = 20% (36,000) → fully covered by subsidy.
• Loan required = Rs. 130,000, payable in 24 months.
• Monthly EMI = Approx. Rs. 5,400 + small insurance cost.

👉 Result: The applicant pays no markup, no upfront down payment, and just small monthly installments.

💡 Long-Term Impact of Women Quota

• Increase in women workforce participation
• Better access to education in urban and rural areas
• Reduction in dependency on costly private transport
• Encouragement for women entrepreneurs (delivery businesses, small startups)
• Social change by normalizing women driving and owning vehicles

📦 Business Riders & Courier Services in SBP E-Bike Loan Scheme 2025

For delivery riders and small businesses, the scheme provides a dedicated 10% quota.

• Suitable for Foodpanda, Bykea, Careem, Daraz riders
• Affordable e-bikes reduce fuel costs
• Increases income stability for workers

🚜 Fleet Operators Benefits in SBP Rickshaw and Loader Loan Scheme 2025

Fleet operators can apply for 30% of rickshaw/loader quota.

• Affordable financing with Rs. 200,000 subsidy
• Loan repayment over 3 years
• Strong opportunity for ride-hailing and goods transport businesses

💰 Loan Size, Subsidy & EMI in State Bank Electric Vehicle Scheme 2025

Example for an Electric Bike (Price: Rs. 180,000):

• Govt Subsidy: Rs. 50,000
• Equity required: 20% (36,000) → already covered by subsidy
• Loan required: Rs. 130,000
• Tenure: 24 months
• EMI = Principal ÷ 24 + Insurance

Result: Borrower pays 0% markup and only clears the principal in small installments.

🌍 Why Choose SBP Green Electric Bike & Rickshaw Scheme 2025

This program offers multiple benefits:

• ✅ Save 60–70% monthly cost compared to petrol bikes
• ✅ Contribute to cleaner environment (zero emissions)
• ✅ Reduce fuel imports and support national economy
• ✅ Create opportunities for youth & women
• ✅ Provide delivery businesses with low-cost transport

Step-by-Step Guide: How to Apply Online for SBP EV Loan 2025

The application process for SBP Cost Sharing Electric Vehicle Scheme 2025 is completely digital, making it transparent, fast, and easy for everyone. With just a few steps, you can register and get your electric bike or rickshaw financed through participating banks.

Here’s the detailed guide:

1️⃣ Visit the Official Portal

• Go to the official online portal hosted by the Ministry of Industries & Production (MoIP) and the Engineering Development Board (EDB).
• 🔗 Apply Online – Official MoIP Portal
• 🔗 Engineering Development Board – EV Loan Portal

This portal connects directly with banks and vendors to ensure smooth processing.

2️⃣ Register with CNIC & Mobile Number

• Enter your CNIC number and mobile number linked to CNIC.
• The system will verify details via NADRA Verisys and PMD mobile database.
• An OTP (One-Time Password) will be sent to your mobile for account activation.

3️⃣ Select Vehicle Type

• Choose whether you want to apply for an Electric Bike (e-bike) or an Electric Rickshaw/Loader.
• Quotas will be automatically applied (e.g., women quota, courier/business quota, or fleet operator quota).

4️⃣ Upload Required Documents

• Upload scanned copies of:
  • CNIC (front & back)
  • Driving license (or digital undertaking)
  • Income proof (salary slip, bank statement, or proxy method)
  • Passport-size photo
  • Utility bill (for address verification)

Ensure all documents are clear and valid.

5️⃣ Choose a Financing Bank

• Select your preferred participating bank from the integrated list on the portal.
• Banks will then process your loan request under SBP Cost Sharing EV Scheme 2025.

6️⃣ Bank Verification & Approval

• The chosen bank will:
  • Review your documents
  • Run credit score & income checks
  • Confirm your eligibility (including debt burden ratio)
• If approved, your loan is sanctioned and forwarded to the vendor/OEM.

7️⃣ Down Payment & Subsidy Adjustment

• The government subsidy (Rs. 50,000 for bikes / Rs. 200,000 for rickshaws) is applied first.
• If equity portion remains, you will pay the small down payment.
• In many cases, subsidy alone covers the equity, meaning no upfront cost for the borrower.

8️⃣ Vehicle Delivery from OEM/Vendor

• After loan approval, the selected OEM/vendor delivers the vehicle.
• Vendors shortlisted by EDB ensure timely delivery and provide after-sales service.
• Your EMI plan begins after delivery, including only principal + insurance.

📌 Charges & Fees in SBP Cost Sharing EV Scheme 2025

• Registration: Paid by applicant
• Insurance: First year upfront, later years included in EMI
• Late Payment: As per bank schedule
• Repossession Charges: Borrower bears cost if default occurs
• Processing Fee: Nil

🔒 Credit Score & Risk Management in SBP Electric Vehicle Scheme

• Loan approvals based on SBP prudential regulations
• Income assessment via salary slips or bank statements
• 20% First-Loss Credit Guarantee provided to banks by Govt
• Ensures risk-free lending while protecting financial system

📈 Benefits of State Bank Electric Vehicle Subsidy Scheme 2025

• Lower transport cost for citizens
• Helps students, women, and delivery riders
• Supports green technology adoption
• Expands small business opportunities
• Improves air quality & reduces pollution
• Encourages financial inclusion and digital banking

❓ FAQs – SBP Cost Sharing Electric Vehicle Scheme 2025 Apply Online:

🏁 Conclusion: SBP EV Scheme 2025 for E-Bikes & Rickshaws in Pakistan

The SBP Cost Sharing Electric Vehicle Scheme 2025 is a historic step towards making transport affordable and sustainable in Pakistan. With 0% markup loans, huge government subsidies, reserved quotas for women and businesses, and a fully digital application process, this scheme ensures that every citizen has access to modern, green transport.

By adopting electric bikes and rickshaws through this scheme, citizens will not only save money but also contribute to a cleaner and greener Pakistan.