CM Punjab Meri Gari Scheme 2026
The CM Punjab Meri Gari Scheme 2026 is a vehicle financing program by the Government of Punjab to help low‑ and middle‑income residents buy cars on affordable terms. The initiative uses a fully digital process with subsidized markup and flexible installments. It is aimed at students, working women, job seekers, and salaried professionals across Punjab who need reliable transport or want to earn through ride‑hailing services. All details below come from official sources and top Google information on this scheme.
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Read Also: CM Punjab House Loan Scheme
| Feature | Details |
|---|---|
| Scheme Name | CM Punjab Meri Gari Scheme 2026 |
| Monthly Installment | From approx. Rs. 25,000 |
| Down Payment | 15%–20% of vehicle value |
| Markup Rate | Subsidized (approx. 6%–8%) |
| Repayment Period | 3 to 7 years |
| Vehicle Options | New & certified used (≤3 years) |
| Application Mode | Fully online |
| Eligibility | Punjab domicile holders |
What Is the CM Punjab Meri Gari Scheme 2026
The Meri Gari Scheme 2026 is a public financing plan that reduces the cost of car ownership. Instead of traditional high‑interest auto loans, the government and partner banks offer low markup rates and long repayment periods to make monthly payments manageable. It supports mobility needs and offers income opportunities through services like ride‑hailing or delivery work.
This initiative is part of wider efforts to increase economic participation, especially among youth and women, by removing financial barriers to owning a vehicle.
Who Can Apply Eligibility Criteria
To apply for the Meri Gari Scheme, applicants must meet certain conditions. These rules ensure fairness and financial stability.
- Age Requirement: Between 20 and 50 years old.
- Minimum Income: At least Rs. 30,000 per month (verifiable).
- Residency: Valid Punjab domicile with an official CNIC.
- Clean Credit Record: No past bank loan defaults.
- Priority Quota: Female students, working women, and differently‑abled citizens get special consideration.
Job seekers without formal employment can enhance approval chances by submitting a basic earning plan, like ride‑hailing or delivery services.
Required Documents for Registration
Before you start the online application, gather these documents. Having them ready helps avoid delays and errors.
Identification documents: Proof of identity
- CNIC (scanned front and back).
- Passport‑size photograph.
Income verification: Proof you earn enough
- Salary slips (for employed).
- A 6‑month bank statement (for self‑employed).
Address documents: Proof you live in Punjab
- Utility bill (electricity or gas).
Bank & driving details
- Active bank account details for installment deductions.
- Driving license (applicant or nominated driver).
Clear and readable scans help speed up approval.
How to Apply Online
The online process is straightforward and paperless. Follow these steps:
- Go to the official Punjab vehicle financing portal (linked on the Punjab government site).
- Register using your CNIC and mobile number.
- Fill in personal, income, and job details carefully.
- Choose a new or certified used vehicle (up to 3 years old).
- Upload all required documents digitally.
- Submit the application and note your tracking ID for status checks.
- Wait for bank verification and approval call.
- Pay the down payment and sign your financing documents.
- Collect your vehicle from an authorized dealership.
This eliminates middlemen and keeps the process transparent.
Installment Plans & Financial Benefits
Under this scheme, financing becomes more affordable than regular auto loans. Installments depend on vehicle price and repayment tenure. Here are typical examples:
- Rs. 1,600,000 vehicle: 15% down payment; ~Rs. 25,000–28,000 monthly for 5 years.
- Rs. 2,000,000 vehicle: 20% down payment; ~Rs. 26,000–30,000 monthly for 6 years.
- Rs. 2,400,000 vehicle: 20% down; ~Rs. 30,000–35,000 monthly for 7 years.
Keeping your EMI within about 35% of your monthly income is recommended for financial stability.
Why This Scheme Matters
The CM Punjab Meri Gari Scheme 2026 does more than help you buy a car. It supports employment, mobility, and economic independence:
- Offers mobility for students and working women.
- Helps youth start income streams through ride‑hailing or delivery.
- Improves access to work and daily tasks in areas with limited public transport.
- Keeps the process transparent and corruption‑free.
This makes the scheme one of the most accessible vehicle financing programs in the region.
Helpline & Contact
If you need help with registration or tracking, use these official support channels:
- Punjab Government Helpline: 0800‑02345 (toll‑free).
- Punjab e‑Khidmat Centers: Available in major districts for in‑person help.
- Online Portal Tracking: Log in with your CNIC and tracking ID for status.
- SMS Alerts: Automatic updates are sent to your registered mobile.
Always rely on official government portals and avoid third‑party agents asking for upfront fees.
Conclusion
The CM Punjab Meri Gari Scheme 2026 is a significant opportunity for eligible Punjab residents to own a car with affordable monthly installments and low markup. Its online process, priority for women and differently‑abled applicants, and support for income generation make it a practical choice for families and youth. Prepare your documents, follow the steps above, and apply early to improve your chances in this transparent digital system.
FAQs
Who can apply for the Meri Gari Scheme 2026?
Punjab residents aged 20–50 with valid CNIC and minimum Rs. 30,000 income or a basic earning plan.\What types of vehicles are offered?
Both new and certified used vehicles (up to 3 years old).
What is the typical monthly installment?
Installments generally start around Rs. 25,000, depending on vehicle price and tenure.
Is there a priority for women applicants?
Yes. Women and differently‑abled applicants receive priority and support.