Are you a young, unemployed Pakistani looking for a way to start your own business? The Prime Minister’s Electric Loader and Rickshaw Scheme offers you the chance to get an electric rickshaw or loader for free and help you be your boss. What an amazing opportunity for local youth and the citizens of Pakistan to pursue a greener future and a more self-sustaining ability.
This distribution of more than 300,000 electric loaders and rickshaws is part of the government’s push to support unemployed youth, women, and low-income people to generate sustainable income while also protecting the environment from harmful emissions.
Key Features of the Scheme
To qualify for this scheme you simply have to meet the following conditions:
- Citizenship: You must be a permanent resident of Pakistan.
- Age Limit: The programme is for young people, but there may be specific age criteria.
- Employment status: The programme is primarily for the unemployed.
- Special quota: There is a 25% quota for women to encourage female participation.
Also Read: CM Punjab Bike Scheme
How to Apply
Applying for your electric rickshaw is very easy. Just follow these steps:
- Go to the Official Portal: Visit the official website of The Prime Minister’s Youth Business & Agriculture Loan Scheme (PMYB&ALS).
- Register Online: Get registered and fill out the online application with your personal and financial details.
- Submit Documents: Upload scanned copies of your CNIC and other relevant documents (as per the requirement specified on portal).
- Wait for Verification: The concerned authorities and banks will verify your documents and process your application.
- Get your Vehicle: After the approval of your application, you will be notified about the process of getting your electric rickshaw or loader.
FAQs
Q1. Does the loan carry any interest?
A. The scheme is intended to provide interest-free or heavily subsidized loans to enable affordability.
Q2. Are there province-specific quotas?
A. Yes, the quotas are population based and preferentially focus on Balochistan.
Q3. Do I need a driving license?
A. Generally, a valid license is required for such schemes, but you should check the official portal for any specific requirements for electric loaders and rickshaws.
