SBP E-Bikes and Rickshaws Scheme: Know Here’s Phase-Wise Details, Loans and Quotas
SBP e-Bikes and Rickshaws Scheme
The State Bank of Pakistan has recently announced a wonderful SBP e-Bikes and Rickshaws Scheme for the public under which electronic bikes and rickshaws will be provided. The aim of this scheme is to provide modern and eco-friendly rides to ordinary citizens, women, business people and fleet operators on easy installments. If you also want to know the complete details of this scheme, then this article is very important for you.
Under this scheme, 116,000 electronic bikes and 3,170 electronic rickshaws and loaders will be provided, which will be divided into two phases. The first phase includes 40,000 e-bikes and 1,000 e-rickshaws, while the second phase includes 76,000 e-bikes and 2,171 e-rickshaws. The loan facility is also so easy that Rs. 200,000 will be provided for e-bikes and Rs. 880,000 for e-rickshaws or loaders without interest.
The State Bank has also set special quotas for women, entrepreneurs, courier services and fleet operators in this scheme, which makes the scheme more attractive to everyone. E-bikes will be given 25 percent to women, 10 percent to business people and 30 percent to rickshaws and loaders to fleet operators. If you want to take full advantage of this scheme, then read this article till the end because it explains all the steps and procedures to you in simple language.
What the SBP e-bikes and rickshaws scheme offers
The State Bank has announced that the scheme will provide a total of 116,000 electric bikes and 3,170 electric rickshaws/loaders across Pakistan. These vehicles will be distributed in two phases.
For applicants, the SBP e-bikes and rickshaws scheme offers defined loan amounts:
- Rs 200,000 for each electric bike
- Rs 880,000 for each electric rickshaw or loader
This means that instead of paying the full cost upfront, you can get an electric vehicle on an easy instalment plan at zero markup.
SBP e-bikes and rickshaws scheme Phase-by-Phase Rollout
The distribution of vehicles will take place in two stages. The table below shows exactly how many vehicles will be provided in each phase under the SBP e-bikes and rickshaws scheme:
| Phase | Electric Bikes | Electric Rickshaws / Loaders |
|---|---|---|
| Phase I | 40,000 | 1,000 |
| Phase II | 76,000 | 2,171 |
This schedule gives clarity to applicants. If you apply in Phase I and don’t get selected, you can still have a chance in Phase II.
Priority Quotas and Beneficiaries
One of the unique features of the SBP e-bikes and rickshaws scheme is the allocation of quotas for different groups. This makes the program inclusive and ensures that key segments of society benefit.
- 25% of e-bikes will be given to women. This encourages female mobility and entrepreneurship.
- 10% of e-bikes are reserved for business people and couriers. This supports delivery riders, small traders and those who need a vehicle for work.
- 30% of rickshaws and loaders will be provided to fleet operators. Their eligibility will be decided by a special steering committee.
These quotas mean that women, small entrepreneurs, delivery riders and fleet operators have a defined opportunity to benefit from the scheme.
Loan Pricing and Repayment Terms
The SBP has clearly stated the repayment rules for the SBP e-bikes and rickshaws scheme:
- Loan period for e-bikes: 2 years
- Loan period for e-rickshaws and loaders: 3 years
The pricing of the loans will be based on Islamic and conventional banking at KIBOR + 2.75%. However, the State Bank has confirmed that borrowers will receive these loans at zero percent markup. This makes the scheme highly affordable because you only repay the principal amount in easy instalments.
Step-by-Step Guide to Apply for the SBP e-bikes and rickshaws scheme
(Use this as guidance once the application process opens; only the details you provided are included.)
- Check your eligibility
– Are you a woman, courier/business person, or fleet operator? Check which quota applies to you.
– Make sure you have valid CNIC and meet the basic banking requirements. - Select your vehicle type
– Electric bike (loan Rs 200,000; 2 years repayment)
– Electric rickshaw/loader (loan Rs 880,000; 3 years repayment) - Prepare required documents
– CNIC copy
– Any documents requested by the bank (income proof, business licence etc. — details to be confirmed by SBP banks) - Apply through participating banks
– The State Bank will route the scheme through Islamic and conventional banks.
– Submit your application in the correct phase (Phase I or II). - Wait for approval and allocation
– If selected, you will be informed about loan disbursement and vehicle delivery under the SBP e-bikes and rickshaws scheme.
(Exact dates and bank names were not given in your text, so keep an eye on SBP announcements.)
Benefits of the SBP e-bikes and rickshaws scheme
The program is designed to:
- Make electric transport affordable for ordinary citizens.
- Support women’s mobility and entrepreneurship.
- Help delivery riders and small businesses cut fuel costs.
- Provide fleet operators with an easier way to shift to electric vehicles.
- Encourage eco-friendly transport and reduce pollution.
With zero percent markup loans and clear quotas, the SBP e-bikes and rickshaws scheme can help many people upgrade to modern electric vehicles.
Quick FAQs about the SBP e-bikes and rickshaws scheme
Q: How many vehicles are available?
A: 116,000 electric bikes and 3,170 electric rickshaws/loaders.
Q: What are the loan amounts?
A: Rs 200,000 for an electric bike and Rs 880,000 for an electric rickshaw/loader.
Q: How long is the repayment period?
A: 2 years for e-bikes, 3 years for e-rickshaws/loaders.
Q: Who gets priority?
A: Women (25% of e-bikes), business/courier riders (10% of e-bikes), fleet operators (30% of rickshaws/loaders).
Q: What is the markup?
A: Loans are priced at KIBOR + 2.75% but borrowers get zero percent markup.
Phase-Wise Checklist for Applicants
Here’s a simple checklist to follow for each phase of the SBP e-bikes and rickshaws scheme:
- Confirm your quota category.
- Gather documents early.
- Monitor SBP and bank websites for application dates.
- Submit your application as soon as the phase opens.
- Keep a copy of your application and follow up with the bank.
Key Takeaways
- The SBP e-bikes and rickshaws scheme will provide thousands of electric bikes and rickshaws in two phases.
- Loans are set at Rs 200,000 for e-bikes and Rs 880,000 for e-rickshaws/loaders.
- Repayment periods are 2 and 3 years respectively with zero percent markup.
- Quotas ensure that women, couriers and fleet operators benefit.
This program is a big step by the State Bank of Pakistan to support clean, affordable and inclusive transport. If you fit into one of the priority groups or simply need an electric vehicle on easy terms, the SBP e-bikes and rickshaws scheme may be an excellent opportunity.
Final Word
The SBP e-bikes and rickshaws scheme combines low-cost loans, clear quotas and a phased rollout to help ordinary people, women and small businesses adopt electric transport. By understanding the numbers, loan terms and application steps outlined here, you can plan ahead and apply confidently when the scheme opens.
