Will give an interest free loan of up to 5 lakhs For Electric Bikes.
This facility will be available for 15000 Electric Rickshaw and e-bikes during the current financial year.
The Economic Co ordination Committee ECC of the Cabinet has approved the Electric Bikes and Electric Rickshaw Scheme. Under the Prime Minister Youth Business and Agricultural Loan Scheme. an interest free loan of up to 5 lakhs will be provided for e-bikes and e-rickshaws.
According to official news agency APP: The Economic Coordination Committee ECC of the Cabinet has approved the scheme. for electric bikes and electric rickshaws on the model of the PM Youth Business and Agriculture Loan Scheme.
According to the scheme, an interest free loan of Rs 5 lakh will be issued for a period of three years under Tier One. This facility will be available for 15 thousand Electric bikes and rickshaws during the current financial year.
The meeting of the Economic Coordination Committee ECC of the Cabinet was held under the chairmanship of the Finance Minister Senator Mr Ishaq Dar. Mr Pasha Prime Minister Coordinator for Economy Bilal Azhar Kayani Federal Secretaries and senior officers attended.
In the meeting a summary was presented on the financial facility for e-bikes and electric rickshaws by the Ministry of Industry & Production. The committee was given a detailed briefing on the demand for electric bikes and electric rickshaws and other issues.
After a detailed discussion the ECC approved the scheme on the model of Prime Minister Pakistan Youth Business and Agriculture Loan Scheme for electric bikes and electric rickshaws.
According to the scheme, an interest-bearing loan of Rs. 5 lakh will be issued under Tyron for a period of three years. During the current financial year. This facility will be available for 15,000 electric bikes and rickshaws.
Electric bikes and rickshaws.
Other details of the scheme will be decided by the Ministry of Industry and Production and the Sub Prime Minister Youth Business and Agriculture Loan Scheme. The related summary was also approved.
In the meeting the Ministry of Aviation approved the increase of 15 billion 60 crore, 73 lakh 94 thousand 711 rupees. In the guarantee of the government of Pakistan for the loan in United States US dollars for PIA, after the approval, the amount of the guarantee is 247.63 Billion will increase to Rs 263.23 billion.
In the meeting the Ministry of National Food Security and Research presented a summary regarding the prices of sugar in Ramadan and the sugar advisory board retail price of sugar with the Pakistan Sugar Mills Association.
The ECC approved the decisions of Pakistan Sugar Mills Association Punjab Zone to provide 20 metric tons of sugar till Eid-ul-Fitr at Rs.95 per kg and to supply it to the common people at the district level.
The ECC directed to make similar arrangements in other provinces and territories in the meeting 261 million rupees for the Ministry of Housing and Infrastructure. 142.5 million rupees equal to 0.5 million US dollars for the Ministry of National Health Services, Supreme Court of Pakistan, Judges 250 million rupees to Ministry of Housing for reconstruction. Renovation of residences. rest houses and subsidiary offices and 22 million rupees to Ministry of External Affairs for payment of electricity dues.
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