The Government of Punjab, under Chief Minister Maryam Nawaz Sharif, has introduced the CM Punjab Meri Gari Scheme 2026 to provide affordable transportation solutions to the citizens. This initiative is specifically designed for the youth, small business owners, and low-income government employees, offering locally manufactured vehicles at significantly reduced markup rates compared to standard commercial loans. By collaborating with the Bank of Punjab (BOP) and other leading financial institutions, the scheme aims to boost economic mobility and create self-employment opportunities across the province.
Scheme Features and Benefits
The 2026 scheme focuses on making vehicle ownership accessible through government-subsidized financing models.
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Low Markup Rates: Borrowers can avail of financing at a fixed or subsidized markup, often starting as low as 5% to 7% (subject to the specific tier and category).
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Down Payment: A minimal down payment (Equity) is required, typically ranging from 15% to 25% of the vehicle’s total value.
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Flexible Tenure: Repayment schedules are spread over 3 to 7 years, allowing for manageable monthly installments.
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Locally Manufactured Vehicles: To support the national economy, the scheme covers 660cc to 1000cc cars and commercial loaders produced within Pakistan.
Eligibility Criteria for 2026
To ensure the benefits reach the target demographic, the following criteria have been established:
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Residency: Must be a permanent resident of Punjab with a valid CNIC.
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Age Limit: Generally between 21 and 55 years. For young entrepreneurs under the IT or startup quota, the lower age limit is 18 years.
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Income Requirement: A minimum verifiable monthly income (varies by vehicle type, but usually starts at 35,000 to 40,000 PKR).
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Tax Status: Priority is given to Active Tax Filers, though specialized categories exist for small-scale farmers and non-filers with stable income.
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Clean Credit History: Applicants must not have a history of bank defaults or major utility arrears.
Categories Under Meri Gari Scheme
The scheme is divided into different “Tiers” to cater to diverse needs.
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Youth Entrepreneurship: For young people who need a vehicle for a startup or logistics-based business.
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Government Employees: Low-scale employees (BS-1 to BS-15) can apply for personal transport at subsidized rates.
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Commercial Transport: Focuses on providing Rickshaws, Pickups, and Loader vehicles for self-employed individuals to earn a livelihood.
How to Apply Online (Step-by-Step)
The application process for 2026 is primarily digital to ensure speed and transparency. Step 1: Digital Registration Visit the official Punjab Government portal or the Bank of Punjab (BOP) website specifically dedicated to the “Meri Gari” or “Asaan Karobar” finance section. Step 2: Profile Selection Choose your category (Youth, Employee, or Commercial) and enter your CNIC to verify initial eligibility. Step 3: Document Upload Upload the following scans:
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Valid CNIC and Punjab Domicile.
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Proof of Income (Salary Slip or 6-month Bank Statement).
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Business Plan (for commercial vehicle applicants).
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Recent Passport-sized Photograph. Step 4: PSID Generation Pay the nominal processing fee via ePay Punjab or any designated bank branch. Step 5: Tracking Use your tracking ID to monitor the status of your application. Once approved, you will be called for biometric verification.
Important Dates for Phase-I 2026
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Registration Opening: The portal for the first phase of 2026 opened in early January.
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Application Deadline: The current window for Phase-I is expected to close on February 20, 2026.
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Balloting (if required): If applications exceed the quota, a computerized draw will be held in March 2026.
Safety and Transparency Warning
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The Punjab Government does not authorize any “private agents” to collect cash for this scheme.
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All payments must be made through official bank channels or the ePay Punjab app.
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Beware of fraudulent calls or SMS from unofficial numbers asking for your bank PIN or advance “delivery fees.”