CM Punjab Meri Gari Scheme 2026. The CM Punjab Meri Gari Scheme 2026 is designed to make car ownership affordable for middle-income families in Punjab. With monthly installments starting from Rs 25,000 and a simple online apply process, this government-backed vehicle financing plan could help thousands own a car in 2026.
If you are a student, working woman, or salaried professional, this guide explains eligibility, documents, installment plan, and how to apply step by step.
What is CM Punjab Meri Gari Scheme 2026?
The CM Punjab Meri Gari Scheme 2026 is a vehicle financing initiative launched by the Government of Punjab under the leadership of Maryam Nawaz.
The main goal is simple:
Make car ownership possible for people who cannot afford commercial bank auto loans.
Why This Scheme Matters in 2026
Transport costs in Pakistan are increasing. Public transport is crowded. Ride-hailing costs are rising. For many families, owning a car is no longer a luxury. It is a need.
This scheme focuses on:
- Affordable monthly installments
- Subsidized markup rate
- Easy online registration
- Support for working women and students
- Transparent approval system
It is different from traditional bank auto loans because the markup is lower and backed by the provincial government.
Key Features of Meri Gari Scheme 2026
Here is a quick overview:
| Feature | Details |
|---|---|
| Monthly Installment | Starting from Rs. 25,000 |
| Down Payment | 15% to 20% |
| Markup Rate | 6% to 8% (Subsidized) |
| Repayment Period | 3 to 7 years |
| Vehicle Options | New & Certified Used Cars |
| Application Mode | Online Portal |
Compared to commercial auto financing, this plan offers reduced financial burden.
Who Can Apply? – Eligibility Criteria 2026
Before applying for CM Punjab Meri Gari Scheme 2026, check if you meet these requirements:
Basic Eligibility
- Permanent resident of Punjab
- Valid Punjab domicile
- Age between 20 to 50 years
- Minimum monthly income Rs. 30,000
- Clean credit history
- No previous loan default
If you already have unpaid bank loans, approval may be difficult.
Priority Categories
The scheme gives preference to:
- Female students
- Working women
- Differently abled persons
- Low-income professionals
- Small business owners
This shows the focus is on financial inclusion and mobility empowerment.
Installment Plan – How Rs 25,000 Monthly Works
Many people want to know if Rs 25,000 monthly installment is realistic.
Let’s understand with an example.
Example Calculation
Car price: Rs. 20,00,000
Down payment (20%): Rs. 4,00,000
Remaining loan: Rs. 16,00,000
Tenure: 5 years
Markup: 7%
Your monthly installment may start close to Rs. 25,000 to Rs. 30,000 depending on final approval.
Why It Is Cheaper Than Bank Loans
Commercial banks often charge higher markup rates. This scheme reduces markup because it is subsidized by the provincial government.
That means lower total repayment over time.
CM Punjab Meri Gari Scheme 2026 Online Apply – Step-by-Step Guide
The application process is fully digital. No need to visit offices in early stages.
Step 1: Visit Official Portal
Go to the official Punjab vehicle financing website.
Always make sure you are using the government domain.
Step 2: Create Your Account
You need:
- CNIC number
- Active mobile number
- Email address
An OTP will verify your mobile number.
Step 3: Select Vehicle Type
Choose:
- New Car
- Certified Used Car
Certified used cars must meet quality standards.
Step 4: Upload Required Documents
You will upload scanned copies of:
- CNIC
- Punjab domicile
- Income proof
- Latest utility bill
- Passport-size photo
Step 5: Submit & Save Tracking ID
After submission, you will receive an Application Tracking ID.
Keep it safe. You will need it to check status.
Required Documents Checklist
Prepare these documents before applying:
- Original CNIC
- Punjab domicile certificate
- Salary slip or business income proof
- Bank statement (if required)
- Utility bill copy
- Passport-size photograph
Incomplete documents delay approval.
How to Check Application Status?
You can track your Meri Gari Scheme application easily.
- Visit official portal
- Enter CNIC number
- Enter Tracking ID
- Click “Check Status”
If approved, you will receive SMS notification for next steps.
Benefits of CM Punjab Meri Gari Scheme 2026
This scheme provides multiple advantages:
1. Affordable Car Ownership
Families who never imagined owning a car may now afford one.
2. Lower Markup
Subsidized markup is lower than commercial banks.
3. Flexible Repayment
Choose 3 to 7 years repayment tenure.
4. Women Empowerment
Working women gain safer and independent travel options.
5. Economic Opportunity
Car ownership can help in ride services and small business activities.
Important Instructions Before Applying
- Apply only through official government portal
- Do not pay agents
- Keep documents updated
- Maintain clean credit history
- Ensure income proof is genuine
Fraud attempts increase during popular schemes. Always verify official sources.
Comparison: Government Scheme vs Bank Auto Loan
| Feature | CM Punjab Meri Gari Scheme | Commercial Bank Loan |
|---|---|---|
| Markup Rate | 6%–8% | 10%–15% |
| Processing Fee | Low or subsidized | Higher |
| Target Audience | Middle & Low Income | General Public |
| Government Backing | Yes | No |
| Installment Flexibility | High | Moderate |
This comparison shows why many applicants prefer government-backed auto financing.
FAQs
1. What is CM Punjab Meri Gari Scheme 2026?
It is a vehicle financing program by the Punjab government that offers subsidized auto loans with easy monthly installments.
2. How much is the monthly installment?
Installments start from Rs. 25,000 depending on vehicle price and tenure.
3. Who is eligible for Meri Gari Scheme?
Punjab residents aged 20–50 years with minimum Rs. 30,000 monthly income and clean credit history.
4. Can students apply?
Yes, female students and working women are given priority.
5. How long does approval take?
Processing may take a few weeks after income and credit verification.
Conclusion
The CM Punjab Meri Gari Scheme 2026 – Online Apply & Rs 25,000 Installments Plan is a serious opportunity for middle-income families.
With subsidized markup, flexible tenure, and digital application process, it reduces financial pressure compared to commercial auto loans.
