PAVE Scheme Monthly Repayment Schedule Overview
The Pakistan Accelerated Vehicle Electrification (PAVE) Program is one of the most transformative initiatives launched by the Government of Pakistan under the New Energy Vehicle Policy 2025–30. Its primary aim is to shift the nation from petrol dependency towards sustainable electric mobility.
Through this scheme, citizens can purchase electric bikes, rickshaws, and loaders with 0% markup, meaning there is no additional interest charged. Beneficiaries only repay the original subsidized price through easy monthly installments, making electric mobility affordable and accessible for students, daily commuters, delivery riders, and small business owners.
Scheme Highlights and Latest Updates
The PAVE Scheme has been officially launched by the Ministry of Industries and Production, with technical oversight by the Engineering Development Board (EDB). Its goal is to provide subsidies and interest-free financing to promote clean mobility.
Key Features of the Program
- Government Subsidies
- Electric Motorcycles: Up to ₨50,000 subsidy
- Electric Rickshaws and Loaders: Up to ₨200,000 subsidy
- Monthly Installments
- Bikes: Repayable over 24 months with 0% markup
- Rickshaws and Loaders: Repayable over 36 months with 0% markup
- Special Quotas
- Reserved for women, differently-abled persons, and overseas Pakistanis
- Application Deadline
- Registrations close on 30th September 2025
- Final selection through computerized balloting on 1st October 2025
Monthly Repayment Breakdown
The most attractive feature of this scheme is the zero-interest repayment model, ensuring citizens pay only the subsidized principal amount.
Electric Bikes – 24 Month Plan
| Vehicle Model | Actual Price (PKR) | Subsidy (PKR) | Net Loan (PKR) | Monthly Installment (24 mo) |
|---|---|---|---|---|
| VELOCITY Vitality EV | ₨249,000 | ₨50,000 | ₨199,000 | ~₨8,295 |
| Jolta JE-70L | ₨237,900 | ₨50,000 | ₨187,900 | ~₨7,829 |
| MS Jaguar BOLT | ₨234,900 | ₨50,000 | ₨184,900 | ~₨7,704 |
| Yadea M3H (Road Prince) | ₨250,000 | ₨50,000 | ₨200,000 | ~₨8,333 |
Electric Rickshaws and Loaders – 36 Month Plan
| Vehicle Model | Actual Price (PKR) | Subsidy (PKR) | Net Loan (PKR) | Monthly Installment (36 mo) |
|---|---|---|---|---|
| Sazgar Shuttle 90Ah | ₨1,160,000 | ₨200,000 | ₨960,000 | ~₨26,667 |
| Tez Raftar 1800W | ₨800,000 | ₨200,000 | ₨600,000 | ~₨16,667 |
| Ecodost Rickshaw | ₨1,200,000 | ₨200,000 | ₨1,000,000 | ~₨27,778 |
| Voltix Cargo Loader | ₨665,000 | ₨200,000 | ₨465,000 | ~₨12,917 |
Borrower Benefits and Key Advantages
- No Markup: Pay only the actual subsidized vehicle price with zero interest.
- Flexible Tenure: Two years for bikes and three years for rickshaws/loaders.
- Inclusive Access: Quotas ensure women, differently-abled persons, and overseas Pakistanis benefit.
- Fair Selection: Computerized balloting prevents favoritism and ensures transparency.
- Low Entry Cost: Applicants only need to pay an initial 20% down payment plus registration and insurance charges, making the scheme affordable for low-income households.
Application Process and Deadline
- Where to Apply: Visit pave.gov.pk for online registration.
- Application Deadline: 30th September 2025
- Selection Method: Computerized balloting on 1st October 2025
Applicants are strongly advised to apply before the deadline and prepare all required documents, including CNIC, income proof, and photographs.
Conclusion
The PAVE Scheme Monthly Repayment Schedule 2025 offers Pakistanis a golden opportunity to own affordable, eco-friendly, and modern electric vehicles. With government-backed subsidies and 0% markup financing, monthly installments are practical even for students, delivery riders, and small business owners.
If you meet the eligibility criteria, do not miss this chance. Submit your application at pave.gov.pk before 30th September 2025 and secure your place in Pakistan’s green mobility revolution.
FAQs – PAVE Scheme 2025
Q1. Do I need to pay interest?
No. The scheme is completely interest-free with 0% markup.
Q2. What is the repayment tenure?
- Bikes: 24 months
- Rickshaws/Loaders: 36 months
Q3. How are applicants selected?
Through a transparent computerized balloting system.
Q4. Who is eligible to apply?
Any Pakistani citizen with a valid CNIC. Priority is given to women, differently-abled persons, and overseas Pakistanis.
Q5. What is the last date to apply?
The deadline is 30th September 2025. Applications submitted after this date will not be considered.