How to Apply for SBP E Bikes Scheme 2025 – Full Details & Benefits
SBP E Bikes Scheme
The State Bank of Pakistan (SBP) has introduced a special scheme called the SBP E Bikes Scheme to help citizens switch to electric transport at affordable prices. This scheme provides interest-free loans for electric bikes, electric rickshaws, and loaders so that people from different walks of life can benefit. It is part of Pakistan’s effort to control fuel costs, reduce pollution, and provide cheaper transport options.
In this article, you will find complete details about the number of vehicles, loan amounts, eligibility, special quotas, and how to apply. Two short tables have also been added to make the information easy to read.
How Many Electric Bikes and Rickshaws Will Be Provided
Under this scheme, SBP plans to provide a huge number of vehicles to the public:
- 116,000 electric bikes
- 3,170 electric rickshaws and loaders
These vehicles will be distributed in two phases to make the process smooth and transparent.
SBP E Bikes Scheme First Phase Details
In the first phase, the following vehicles will be distributed.
| Vehicle Type | Number of Vehicles | Loan Amount (PKR) | Loan Duration |
|---|---|---|---|
| Electric Bikes | 40,000 | 200,000 | 2 Years |
| Electric Rickshaws/Loaders | 1,000 | 880,000 | 3 Years |
This first step is aimed at quickly bringing electric vehicles on the roads of Pakistan, helping people save fuel costs and start new small businesses.
SBP E Bikes Scheme Loan Amount and Duration
SBP will provide easy loans for these vehicles:
- For electric bikes, the loan will be Rs. 200,000 for up to 2 years
- For electric rickshaws/loaders, the loan will be Rs. 880,000 for up to 3 years
This means that instead of paying the full amount at once, you can buy your vehicle and pay later in small installments.
SBP E Bikes Scheme Loan Pricing and Zero Percent Markup
This scheme is unique because the markup (interest) on the loan for consumers is zero percent.
Here’s how it works:
- Banks will price the loan at KIBOR + 2.75% under Islamic and conventional banking.
- Consumers will pay zero percent markup; the government will handle the extra cost.
This makes the SBP E-Bikes Scheme one of the most affordable ways to own an electric vehicle.
SBP E Bikes Schem Phase 2 Details
The second phase of the SBP E-Bikes Scheme is even larger:
- 76,000 electric bikes
- 2,171 electric rickshaws/loaders
This phase will help more people across Pakistan benefit from the scheme, including women, small business couriers, and fleet operators.
Special Quotas for Different Groups
SBP has allocated special quotas to make the scheme fair and inclusive:
- 25% of electric bikes will be given to women
- 10% of electric bikes will go to business couriers
- 30% of electric rickshaws/loaders will be given to fleet operators
This is a major step to support women’s mobility, empower small businesses, and improve transport services.
Special Quotas in SBP E Bikes Schem
| Group / Beneficiary | Quota Allocation |
|---|---|
| Women (E-Bikes) | 25% |
| Business Couriers (E-Bikes) | 10% |
| Fleet Operators (Rickshaws/Loaders) | 30% |
This table makes it clear who will benefit from the quotas under this scheme.
Eligibility Criteria for Fleet Operators
Fleet operators who want to get electric rickshaws or loaders under this scheme will need to meet certain eligibility conditions. These conditions will be decided by a steering committee to ensure that only genuine fleet operators can participate.
SBP E-Bikes Scheme Online Registration Process Step-by-Step Guide
Here is a simple step-by-step process for applying:
- Find a Participating Bank
Check which banks are offering loans under the SBP E-Bikes Scheme (Islamic and conventional banks). - Prepare Your Documents
Collect your CNIC, proof of income or business (if needed), and any other required papers. - Select Vehicle Type
Decide whether you want an electric bike, rickshaw, or loader. - Submit Application
Fill out the bank’s application form for the SBP E-Bikes Scheme. - Verification Process
The bank will verify your details and eligibility. - Loan Approval and Vehicle Delivery
Once approved, you will get the loan and receive your electric vehicle under the scheme.
Benefits of the SBP E-Bikes Scheme for Pakistan
This scheme has several benefits for the country and its citizens:
- Lower Fuel Costs: Electric vehicles reduce dependence on petrol and diesel.
- Environmental Protection: Less pollution and cleaner air.
- Women Empowerment: Special quota for women encourages their mobility.
- Support for Small Businesses: Couriers and fleet operators get a chance to expand.
- Affordable Transport: Zero percent markup makes it easier to own a vehicle.
Why SBP E-Bikes Scheme is Important
Pakistan spends billions on fuel imports every year. By shifting to electric transport, the country can save money and improve the environment. This scheme also supports job creation and provides affordable mobility to thousands of people.
Conclusion
The SBP E-Bikes Scheme is a landmark initiative by the State Bank of Pakistan. It provides interest-free loans for electric bikes, rickshaws, and loaders in two phases, with special quotas for women, couriers, and fleet operators. This scheme not only offers affordable transport but also supports a greener and more sustainable future for Pakistan.
If you want to apply, prepare your documents, choose your vehicle type, and contact participating banks to get started. This is your chance to own an electric vehicle at zero percent markup and contribute to a cleaner environment.
