Punjab E-Taxi Scheme Balloting
The Punjab government has announced that the Punjab E-Taxi Scheme will move to the balloting stage by the end of November, and thousands of applicants are waiting for the results. This scheme has created huge interest because it offers interest-free financing for electric taxis, allowing citizens to start earning and support clean transport in the province. Over 28,000 complete applications were received, and all details have now been forwarded to the Bank of Punjab for final screening. The scheme aims to reduce pollution, provide job opportunities and promote modern transport facilities in Punjab.
Quick Details
| Point | Information |
|---|---|
| Total Vehicles | 1,100 Electric Taxis |
| Financing Type | 5-Year Interest-Free Loan |
| Applicant Requirement | 30% Equity |
| Balloting | End of November |
How the Punjab E-Taxi Scheme Balloting Works
The Punjab E-Taxi Scheme Balloting will be conducted by the Bank of Punjab, which has received complete applicant data from the Transport Department. More than 28,000 applications were finalized, even though over 66,000 registrations were initially started. The balloting will be electronic to ensure a transparent and fair selection. Only Punjab residents with a valid driving licence were allowed to apply. After balloting, successful applicants will be informed through official channels, and they will be required to deposit the down payment within the given deadline.
Who Can Qualify in the Punjab E-Taxi Scheme Balloting?
Eligibility was kept simple so more people could participate. Only permanent residents of Punjab were allowed to apply, and each individual could apply for one vehicle only. Applicants were required to have a valid driving licence.
Two categories were available: fleet owners and individual drivers. Fleet owners had to apply for at least ten vehicles, while individuals applied for single taxis. Applicants also had to register with ride-hailing services before receiving their vehicle. These rules help ensure that every selected taxi will be used for earning and transport service.
Vehicle Quotas in the Punjab E-Taxi Scheme Balloting
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The Punjab E-Taxi Scheme Balloting uses a fixed quota system for fair distribution of vehicles:
- Total 1,100 electric taxis imported from China
- 700 allocated for fleet owners
- 400 reserved for individual operators
Inside the individual quota:
- 300 for men
- 100 for women
This quota ensures equal opportunities for male and female drivers. Fleet owners receive the larger share because they can operate more taxis at once and support large-scale ride-hailing networks.
Financing Structure in the E-Taxi Scheme Balloting
The financing system is designed to support both individuals and fleet owners. Each electric taxi has a financing limit of up to Rs. 6.5 million. Applicants must contribute 30 percent equity, and the government provides financial assistance to reduce their burden. For individual male applicants, the government pays 50% of the equity, while for female applicants, the government pays 60%. Fleet owners receive a subsidy between 30% and 40%, depending on the size of their fleet. The loan tenure is five years with a three-month grace period.
Loan Terms and Requirements in the E-Taxi Scheme Balloting
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Under the Punjab E-Taxi Scheme Balloting, the loan covers:
- Up to Rs. 4.55 million for individuals
- Up to Rs. 1 billion for fleet owners
Additional conditions include:
- Vehicles remain registered under the Bank of Punjab until full repayment
- Insurance is compulsory for every taxi
- Applicants must pass all verification checks
The government also covers registration charges and token taxes. Monthly payments will be made in 57 equal installments, making the repayment system simple and predictable.
Why the E-Taxi Scheme Balloting Is Important for Punjab
The scheme supports clean and modern transportation. By replacing fuel vehicles with electric taxis, the government aims to reduce pollution and promote a sustainable environment. The scheme also creates employment opportunities for drivers, especially women, who have 100 taxis reserved for them under the program. The government is also building a charging network in Lahore to support smooth operation. Each vehicle includes a panic button, tracking system, and a six-year or 300,000-kilometre warranty on the battery and motor. These safety and service features make the scheme reliable and future-friendly.
Conclusion
In this article, we are sharing all the details about the E-Taxi Scheme Balloting, including eligibility, financing, quotas, and the complete loan structure. The scheme offers interest-free loans, government subsidies, and secure vehicle features to help drivers start earning. Balloting will take place at the end of November, and selected applicants must submit their down payment on time to receive their electric taxis.
FAQs
1. How will I know if I am selected in the E-Taxi Scheme Balloting?
The Bank of Punjab will notify successful applicants through SMS, call, or the official portal.
2. Can I change my category after selection in the E-Taxi Scheme Balloting?
No, once your application is approved, the category cannot be changed.
3. Is registration with a ride-hailing service necessary before receiving the taxi?
Yes, individual applicants must be registered with a ride-hailing company to qualify for vehicle delivery.
4. What happens if the vehicle price is higher than the Rs. 6.5 million limit?
Applicants must pay the extra amount themselves before the loan is processed.
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