Punjab Govt Launches Meri Gari Scheme 2026
Punjab’s youth and middle-class families now have a chance to own their first car as the government unveils the Meri Gari Scheme 2026. This program, under Chief Minister Maryam Nawaz Sharif, offers subsidized financing for locally manufactured cars with low down payments and flexible monthly installments. By combining technology and financial support, the initiative empowers young professionals, students, and small entrepreneurs to gain mobility and self-employment opportunities across Punjab.
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| Feature | Details |
| Scheme Name | Meri Gari Scheme 2026 |
| Launch Date | February 2026 |
| Target Audience | Youth, small entrepreneurs, government employees |
| Subsidy | Up to 50% of markup/interest |
| Down Payment | 10% to 15% of vehicle cost |
| Vehicle Types | 660cc and 1000cc locally manufactured hatchbacks |
| Loan Tenure | 3–7 years |
| Implementing Bank | Bank of Punjab (BOP) |
What is the Meri Gari Scheme 2026?
The Meri Gari Scheme is a government-backed car financing program designed to provide affordable vehicles to young citizens and small business owners. This initiative focuses on financial empowerment, reducing unemployment pressures, and creating opportunities for self-employment through ride-hailing services like Uber and Careem.
Key Highlights of the Meri Gari Program
- Subsidy Support: The Punjab Government will cover up to 50% of the interest or markup cost.
- Flexible Payment: Minimal down payment starting from 10% to 15% of the car’s price.
- Vehicle Options: Local 660cc and 1000cc hatchbacks suitable for personal and commercial use.
- Target Beneficiaries: Educated youth, low-income government employees, and small business owners.
Eligibility Criteria for Applicants
To ensure the scheme reaches the right audience, applicants must meet the following:
- Residency: Permanent resident of Punjab (verified via CNIC).
- Age: Between 21 and 45 years.
- Income: Minimum monthly household income of Rs. 40,000.
- Education: At least Matriculation; preference for Diploma/Degree holders.
- Employment: Unemployed youth or low-income private/government employees.
How to Apply Online: Step-by-Step Process
The registration process is fully digital for transparency and ease of access.
- Online Registration
- Visit the official Punjab Govt portal or the BOP Meri Gari Web Portal.
- Create an account using your CNIC and active mobile number.
- Form Submission
- Fill personal details including education and income.
- Upload necessary documents: CNIC, passport-size photo, educational certificates, income proof or affidavit of unemployment.
- Bank Processing
- Punjab Information Technology Board (PITB) screens applications.
- Bank of Punjab conducts a credit check via e-CIB for defaults.
- Balloting (If Required)
- If applications exceed the quota, an electronic balloting selects final recipients.
Monthly Installment & Pricing Details
Here is an estimated monthly installment for a 5-year plan under the Meri Gari Scheme:
| Vehicle | Estimated Price | Down Payment (15%) | Monthly Installment |
| 660cc Hatchback | Rs. 2,400,000 | Rs. 360,000 | Rs. 28,000–32,000 |
| 1000cc Hatchback | Rs. 3,200,000 | Rs. 480,000 | Rs. 40,000–45,000 |
Note: Installments depend on KIBOR rate and government subsidy applied at delivery.
Helpline & Contact
For queries regarding registration, status check, or installment plans:
- Punjab Govt Helpline: 042-111-772-772
- BOP Meri Gari Support: 0800-42677
- Official Portal: BOP Meri Gari Portal
Impact of the Meri Gari Scheme
This scheme promotes economic empowerment by:
- Enabling youth and small business owners to access personal transport.
- Reducing reliance on high-interest vehicle loans.
- Supporting self-employment through ride-hailing and delivery services.
- Increasing financial literacy among first-time borrowers
Conclusion
The Meri Gari Scheme 2026 is more than a car loan program; it’s a step toward financial independence for Punjab’s youth. By combining subsidies, low down payments, and easy installments, the government is enabling thousands to own their first vehicle. Early applicants are encouraged to complete registration promptly to secure their vehicles and enjoy the full benefits.
FAQ
Can I use the car for Uber or Careem?
Yes, the scheme encourages self-employment, but the car remains under bank ownership until the loan is fully paid.
What is the maximum loan tenure?
The loan can be repaid over 3–7 years based on applicant preference.
How do I check my application status?
Applicants can track their CNIC on the official ADWC Punjab or BOP Meri Gari portal.
What documents are required for approval?
CNIC, passport-size photograph, educational certificates, proof of income or unemployment affidavit.