CM Punjab Electric Taxi Scheme
The CM Punjab Electric Taxi Scheme is a government initiative to replace fuel-based taxis with electric vehicles across Punjab. It is easy for drivers, especially unemployed youth, women, and people from rural areas, to buy electric taxis as the scheme is interest-free and offers installment plans. Know that these electric vehicles are completely affordable to operate and maintain.
The government of Pakistan is also building a wide network of charging stations in cities to support these taxis. Along with financial assistance, the scheme also provides training for drivers. The scheme aims to create new jobs, reduce air pollution, and provide passengers with clean, comfortable, and low-cost transport options.
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CM Punjab Electric Taxi Scheme 1100 Electric Taxis to Be Provided on Installments
The CM Punjab Electric Taxi Scheme is a government initiative to provide 1,100 electric vehicles to unemployed youth in Punjab. Under the scheme, eligible individuals can acquire electric vehicles through interest-free installment plans, making eco-friendly transportation more accessible. The initiative aims to reduce pollution and create employment opportunities for the youth.
The scheme hopes to empower youth, especially women and rural dwellers, by providing them with sustainable income opportunities so that they can meet their livelihood needs.
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Who can apply for the CM Punjab Electric Taxi Scheme?
To apply for CM Punjab Electric Taxi Scheme, you must fulfill these conditions and follow them:
- The important thing is that you must be a resident of Punjab.
- A original CNIC and domicile certificate must be present.
- Basically, the age limit is from 21 to 45 years, in some cases it is extended up to 55.
- A clean driving record is required.
- There should be no major traffic violations without a protective fine or criminal history.
- Preferably, you should belong to an unemployed or low-income family.
- It is very important to be in the informal sector.
- Currently, you should not own a commercial vehicle.
By following these conditions, you can officially qualify for the CM Punjab Electric Taxi Scheme.
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How to register in CM Punjab Electric Taxi Scheme?
A simple step-by-step guide has been given for registration in the CM Punjab Electric Taxi Scheme, follow it:
- Once the scheme opens, visit the official website of the Punjab Government or Transport Department
- In this, you enter your valid CNIC card and enter the mobile number that is registered on your CNIC and attach your passport size photograph.
- Here you can add your name, address, driving license details and other personal matters
- Enter all your documents:
- Valid CNIC
- Your valid LTV or Learner’s License
- Domicile or Utility Bill
- Bank Statement
- Passport Size Photograph
- Review your details carefully and submit it
- You will receive a tracking number via SMS or email to check the status of your application
- If shortlisted, you will be called for document verification and training on driving and managing an electric taxi
- After training, your electric taxi will be given to you in monthly installments with no interest.
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Details of installment plan in CM Punjab Electric Scheme.
Vehicle Price
- VC20: Around Rs 40 lakhs
- VC30: Around Rs 50 lakhs
Down Payment
- 10% to 20% can be upfront
- VC20: Around PKR 3 to 5 lakhs
- VC30: Around PKR 5 to 7 lakhs
Monthly Installment
- VC20: Around PKR 40,000 to 50,000
- VC30: Around PKR 60,000 to 70,000
Loan Tenure
- 3 to 5 years
- Monthly payments will be interest-free.
Payment Method
- The amount will be deducted from the driver’s riding income.
Extra Coverage
- The government pays for the number plate, training and registration.
- Insurance can be added later.
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Benefits of the CM Punjab Electric Taxi Scheme
CM Punjab Electric Scheme has many benefits for the youth, these benefits are given below:
- By using this taxi, you can save on fuel costs
- This e-taxi has low maintenance costs
- The most important thing is that monthly payments will be made easily without any interest
- Drivers will be given more income
- There will be cheap and low-cost rides for passengers too
- There will be absolutely comfortable and clean taxis
- There will be a reduction in pollution and noise when using it
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What Kind of Electric Taxis Will Be Provided?
The aim of launching the CM Punjab Electric Taxi Scheme is to make it easier for the youth to make their future better and face this rising inflation. This scheme has been launched for the poor and unemployed youth so that they can fulfill their life needs. Two types of electric taxis are being offered in this scheme:
Honorary VC 20
- Can run for about 200 kilometers on a full charge.
- It takes about 6-7 hours to charge fully.
- It costs about 4 million PKR after subsidy.
- Painted mango yellow
- Best for short to medium city trips
Honorary VC 30
- Can run for about 300 kilometers on a full charge.
- It also takes 6-7 hours to charge.
- It costs about 5 million PKR after subsidy.
- Painted Mango yellow too
- Good for long city or intercity trips
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Frequently Asked Questions
Who can apply?
Residents of Punjab with a valid LTV or Learner’s License, age 21–45 years
How much is the down payment?
Approximately 10-20% of the car price (approximately PKR 3-7 lakhs).
Is there any interest?
No, the installment plan is 100% interest-free.
Can women apply?
Yes, women are encouraged and given special preference.
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Conclusion
The CM Punjab Electric Taxi Scheme is a major step towards clean, affordable and modern transport in Punjab. It provides an opportunity for unemployed youth and women to earn money with easy, interest-free installment plans. The use of electric vehicles reduces fuel costs, reduces pollution, and supports a greener future. The scheme not only creates jobs but also promotes local transport industries across the province.