PM Electric Loaders Rickshaws Scheme for Talented Jobless Students – Complete Guide 2025

The PM Electric Loaders Rickshaws Scheme for Talented Jobless Students is a groundbreaking initiative by the Government of Pakistan aimed at empowering educated but unemployed youth. This program is designed to provide eco-friendly electric loader rickshaws to eligible students and jobless youth, enabling them to earn a sustainable livelihood while supporting environmental protection and reducing dependency on fossil fuels.

Key Objectives of the Scheme

• Employment Generation: Provide self-employment opportunities to talented but jobless students.

• Sustainable Transport: Introduce eco-friendly electric vehicles to reduce carbon emissions.

• Women Empowerment: Encourage female participation in the small transport business sector.

• Youth Skill Development: Promote entrepreneurship and technical skills among young individuals.

PM Electric Loaders Rickshaws Scheme 2025 – Highlights

Eligibility Criteria

The scheme is specifically designed for jobless but skilled or talented individuals. Here are the key requirements:

1. Education: Minimum intermediate or technical diploma preferred (but not mandatory).

2. Age Limit: 18 – 35 years.

3. CNIC: Valid Computerized National Identity Card (CNIC).

4. Driving License: LTV (Light Transport Vehicle) license (for loader category).

5. Income Status: Applicant must not be an income tax filer under “A” class or running a registered business.

6. Residence: Pakistani citizen with a permanent address.

7. Student Status: Fresh graduates, diploma holders, or final-year students are highly encouraged.

How to Apply for the PM Electric Loaders Rickshaw Scheme 2025?

Step 1: Online Registration

• Visit the official portal pmyp.gov.pk.

• Navigate to the Electric Loaders Rickshaw Scheme section.

• Create an account with your CNIC, phone number, and email.

Step 2: Fill Application Form

• Provide personal details (education, income status, and driving license details).

• Select the preferred loader rickshaw model (small, medium, or heavy).

• Upload scanned copies of documents.

Step 3: Document Verification

• NADRA and Excise Department will verify the CNIC and driving license.

• Your application will also be cross-checked for bank loan eligibility.

Step 4: Subsidy & Financing Approval

• After verification, banks like National Bank of Pakistan (NBP) or Bank of Punjab (BOP) will approve financing.

Step 5: Delivery of Electric Loader Rickshaw

• Successful applicants will receive delivery of their electric loader within 30 to 60 days after loan approval.

Required Documents

1. CNIC copy.

2. Passport size photographs (2).

3. Driving license copy (LTV for loaders).

4. Proof of education (optional but gives preference).

5. Bank account details.

6. Income or unemployment certificate (if available).

Benefits of PM Electric Loaders Rickshaws Scheme

• Self-Employment: Provides a permanent source of income to jobless youth.

• Environment-Friendly: Electric vehicles reduce carbon emissions and fuel costs.

• Low Maintenance: Electric loaders are easier and cheaper to maintain compared to petrol/diesel vehicles.

• Government Subsidy: 30% to 50% subsidy reduces upfront cost.

• Women-Friendly Option: Special quota for women drivers and female students.

• Loan Installments: Affordable monthly payment plans without heavy interest.

Vehicle Specifications (Example)

Banks Involved in Financing

• National Bank of Pakistan (NBP) – Primary financing partner.

• Bank of Punjab (BOP) – Youth-friendly loan services.

• First Women Bank Limited (FWBL) – Especially for female applicants.

• Microfinance Banks – For applicants without a formal banking history.

Impact on Economy & Society

1. Job Creation: Thousands of youth can become self-employed.

2. Green Energy Shift: Electric vehicles reduce fuel imports.

3. Skills Development: Enhances driving and small business management skills.

4. Urban Transportation Improvement: Eco-friendly vehicles improve urban logistics.

Challenges & Government Solutions

Future Plans

• Charging Stations Network: Country-wide EV charging infrastructure.

• Women-Exclusive Scheme: Separate quota for female students & entrepreneurs.

• Digital Monitoring: GPS and IoT-enabled rickshaws for safety and performance tracking.

• Export Opportunities: Locally manufactured electric rickshaws for export.

FAQs

Who can apply for the PM Electric Loader Rickshaw Scheme?

Any Pakistani citizen aged 18–35 with a valid CNIC and LTV license, preferably a student or unemployed graduate, can apply.

What is the cost of an electric loader rickshaw under this scheme?

After subsidy, the cost is approximately Rs. 250,000 – Rs. 300,000, payable in easy installments.

How can women apply?

Women have a special quota. They can apply online and, in some areas, do not require an LTV license but must undergo training.

Can this be availed by those already employed?

The scheme is primarily for unemployed individuals, but part-time workers with income less than the minimum wage may be considered.

What is the installment plan?

The monthly installment ranges from Rs. 7,000 to Rs. 10,000, depending on the model and bank financing terms.

Conclusion

The PM Electric Loaders Rickshaws Scheme for Talented Jobless Students 2025 is a revolutionary step towards youth empowerment, environmental sustainability, and job creation. It not only provides a means of livelihood for talented unemployed students but also promotes green transportation in Pakistan.

Those who are eligible should prepare their documents and apply as soon as registration opens to secure this valuable opportunity.