Interest-free loan scheme for e-bikes, rickshaws

The federal government has launched a cost-sharing, interest-free loan scheme for electric bikes, rickshaws, and loaders to promote energy efficiency and green technologies in the automotive sector. According to a circular issued by the State Bank of Pakistan (SBP) on Monday, the scheme titled Cost Sharing Scheme for Electric Bikes and Rickshaws or Loaders will provide interest-free loans to end users, with the government covering the entire markup. The programme targets financing of approximately 116,000 e-bikes and 3,170 e-rickshaws or loaders during FY26. A minimum of 25 per cent of e-bikes will be allocated to women, while up to 10pc will be reserved for individuals using e-bikes for business purposes such as courier or delivery services. Additionally, up to 30pc of e-rickshaws or loaders will be allocated for fleet operators.