Meri Gari Scheme 2025 – Punjab Car Scheme: Complete Guide, Eligibility & Application Process
The Meri Gari Scheme, also referred to as the Punjab Car Scheme, is a provincial government (CM PUNJAB PAKISTAN) initiative designed to help middle-class citizens, especially salaried employees, self-employed professionals, and women, purchase a car at affordable financing rates. The scheme is part of Punjab’s broader economic empowerment programs aimed at improving mobility, creating employment opportunities, and enhancing quality of life.
In 2025, the scheme has gained significant attention due to updated eligibility criteria, reduced interest rates, and expanded financing options. Whether you are a first-time car buyer or looking to upgrade your vehicle, the Punjab Government Car Scheme provides a structured pathway to achieve this goal.
The article will cover everything you need to know — from application requirements to benefits, repayment plans, and FAQs — based on the latest updates.
Background and Objectives of the Meri Gari Scheme
The Government of Punjab introduced the Meri Gari Scheme with several socio-economic objectives:
- Improving Access to Transportation
Many citizens struggle to afford vehicles due to rising car prices and high bank loan interest rates. The scheme addresses this by offering low-interest or subsidized financing. - Economic Empowerment
By enabling more people to own vehicles, the program supports small business owners, delivery services, ride-hailing drivers, and professionals who depend on mobility. - Women’s Participation
A dedicated quota for women is aimed at encouraging their participation in education, employment, and entrepreneurship. - Support for Youth Employment
Young people can use these vehicles for business purposes such as ride-sharing (Careem, Uber, InDrive) or logistics services.
Key Features of the Punjab Car Scheme 2025
The Punjab Meri Gari Scheme has been updated in 2025 with several new benefits:
- Low Markup Financing – Interest rates as low as 5% per annum, compared to standard bank rates of 18–22%.
- Easy Installment Plans – Repayment periods ranging from 3 to 7 years.
- Subsidized Down Payment – The Punjab Government covers part of the initial down payment.
- Brand New or Certified Used Cars – Applicants can choose between new vehicles from approved dealerships or certified used cars under 3 years old.
- Priority for Women and Disabled Persons – Special quota and additional subsidy for these groups.
Eligibility Criteria
To apply for the Meri Gari Scheme, applicants must meet the following requirements:
- Nationality – Must be a Pakistani citizen with a valid CNIC.
- Residency – Must be a resident of Punjab.
- Age Limit – Between 21 and 55 years.
- Employment Status – Salaried employees (minimum monthly income of PKR 40,000) or self-employed individuals (minimum monthly income of PKR 50,000).
- Credit History – No record of loan default with any bank.
- Driving License – Mandatory for the applicant or nominated driver.
- For Women Applicants – Special concessions and relaxed income requirements.
How to Apply for Meri Gari Scheme 2025
Here’s a step-by-step guide to applying for the Punjab Car Scheme:
Step 1: Check the Announcement
Visit the Punjab Government’s official website or the Bank of Punjab’s portal for application announcements.
Step 2: Online Registration
Fill out the online application form on the designated bank’s website. You’ll need to provide:
- Full Name
- CNIC Number
- Contact Information
- Employment/Business Details
- Monthly Income
Step 3: Submit Required Documents
Attach scanned copies of:
- CNIC
- Recent Passport Size Photograph
- Salary Slip or Business Income Proof
- Bank Statement (Last 6 Months)
- Driving License
- Utility Bill (Address Proof)
Step 4: Pay the Processing Fee
Deposit the application processing fee (non-refundable) through the designated bank branch.
Step 5: Loan Approval and Car Selection
If approved, the bank will issue a financing letter, and you can select your vehicle from approved dealers.
Step 6: Agreement and Delivery
Sign the financing agreement and take delivery of your vehicle once all formalities are complete.
Required Documents
To avoid delays, ensure you have the following before applying:
- Valid CNIC
- Proof of income (salary slip or tax return)
- Bank statement
- Driving license
- Passport-size photographs
- Proof of residence
Financial Details and Installment Plans
The Meri Gari Scheme offers different financing plans depending on the car’s price and the applicant’s income level.
Example for a PKR 1,500,000 car:
- Down Payment: 20% (PKR 300,000) – with government subsidy, this could drop to 10%.
- Loan Amount: PKR 1,200,000
- Markup Rate: 5% per annum
- Installment Period: 5 years
- Monthly Installment: Around PKR 23,000
Benefits of the Meri Gari Scheme
- Affordable Car Ownership – Reduced markup and subsidies make cars more accessible.
- Income Generation – Cars can be used for business purposes.
- Support for Women & Disabled Persons – Dedicated quotas ensure inclusivity.
- No Hidden Charges – Transparent financing structure.
- Flexibility – Choice between multiple car models and brands.
Commonly Approved Car Models
Some of the vehicles included in the scheme:
- Suzuki Alto
- Suzuki Cultus
- Toyota Corolla XLi (basic model)
- Honda City
- Kia Picanto
- United Bravo (budget option)
Challenges and Limitations
While the Punjab Car Scheme is beneficial, some challenges remain:
- Limited number of slots each year.
- Only available to Punjab residents.
- Approval depends on income and credit score.
- Interest subsidy depends on annual budget allocation.
Government’s Future Plans
The Punjab Government aims to:
- Increase the number of cars financed annually.
- Add electric and hybrid cars to promote eco-friendly transportation.
- Extend the scheme to other provinces through federal collaboration.
FAQs – Meri Gari Scheme 2025
Q1: Is the Meri Gari Scheme available nationwide?
No, it is currently limited to Punjab residents only.
Q2: Can I apply if I already own a car?
No, priority is given to first-time car buyers.
Q3: What is the minimum income required?
Salaried employees: PKR 40,000/month; Self-employed: PKR 50,000/month.
Q4: Is a guarantor required?
Yes, most banks require a guarantor with a stable income.
Q5: Can women apply under the general quota?
Yes, women can apply under both the general and women-specific quotas.
Q6: How long does approval take?
Typically 30–45 days from the date of complete document submission.
References
- Government of Punjab Official Website – punjab.gov.pk
- Bank of Punjab – bop.com.pk
- Punjab Transport Department – punjabtransport.gov.pk
- News coverage on Meri Gari Scheme 2025 – The Express Tribune, Dawn News, ARY News
