Meri Gari Scheme: Easy Car Installments for Everyone

Last updated on March 26th, 2025 at 11:29 am

The Meri Gari Scheme is one of the biggest initiatives of the Government of Pakistan that aims to help the general public easily and reasonably possess cars. It caters to those people who wish to own small, fuel-efficient cars but face financial pressure owing to the hefty payments involved with buying cars. As it is part of a larger strategy to boost the automotive sector in Pakistan. For instance, in recent years, the country has witnessed fluctuating sales and increased vehicle prices.

Meri Gari Scheme Benefits

• Low-cost automobile ownership: The Project reduces substantially the cost measures associated with a car, particularly in low-income families. The absolute tax cut and subsidies on small cars make it feasible for people who could not afford it earlier to own one.
• Economic Growth: The Plan encourages the production and availability of cheaper, smaller cars, hence the stimulation of local industries, and subsequently, employment in the automobile industry. More sales are beneficial to the economy at large, It helps stimulate other industries connected with automobile manufacturing, parts, and services.
• Efficient Transportation and Mobility: It would make it easier to transport the family, take them to work, drop the children in school, and even visit health checkups without much public transport usage.
• Increase Local Manufacturing: By promoting auto manufacture at a local level, the project enables the maintenance and growth of the automobile industry in Pakistan. Apart from employment generation it encourages innovation as the house automaker challenges each other in pursuit of responding to a consumer’s requirement for affordable but fuel-efficient cars.
• Environment: The focus on smaller yet fuel-efficient cars further lowers emissions and cuts carbon footprint as opposed to the large autos. It is in line with the present efforts at a worldwide level to ensure sustainability and accountability towards the environment.

میری گاڑی اسکیم کم آمدنی والے خاندانوں کے لیے گاڑی کی ملکیت کو سستا بنانے کے لیے ٹیکس میں کمی اور سبسڈی فراہم کرتی ہے۔ یہ معاشی ترقی کو فروغ دیتی ہے، مقامی کارسازی بڑھاتی ہے، روزگار کے مواقع پیدا کرتی ہے، اور متعلقہ صنعتوں کو فائدہ پہنچاتی ہے۔ یہ آمد و رفت کو آسان بناتی ہے، روزمرہ کے کاموں جیسے دفتر، اسکول، اور اسپتال جانے میں سہولت فراہم کرتی ہے۔ اس کے علاوہ، یہ مقامی مینوفیکچرنگ کو ترقی دے کر خود کفالت اور جدت کی حوصلہ افزائی کرتی ہے۔ چھوٹی اور ایندھن کی بچت والی گاڑیاں ماحول دوست بھی ہیں، جو کاربن اخراج کو کم کرتی ہیں۔

Reduction in taxes and duties

It also reduced substantial relief in the import duty and taxes on the engine capacity of up to 850cc. This includes:

• No customs duty, special additional customs duty, and federal excise duty.
• Reduction of GST on small cars manufactured locally from 17% to 12.5%.12

The tax savings have made the vehicles costlier, which forms an important appeal for value-conscious buyers

Ease of Financing

The program ensures easy access to cheap loans from a number of banks and financial institutions, which enables customers to choose plans that meet each customer’s financial condition. This covers:

• Low interest rates on loans.
• Flexible repayment term between 3 to 7 years12.

Meri Gari Scheme Program Objectives

The main objectives are:

• Affordability: This program makes life easier for people interested in purchasing small cars by reducing taxes and customs duties.
• Economic Growth: This project is expected to increase the demand for small cars and thus boost the local automobile industry.
• Environment Friendly: The program has several initiatives to promote fuel-efficient vehicles with low emissions.

Meri Gari Scheme Eligibility 

• Nationality Applicants must be Pakistani nationals. 
• Age standard: Candidate /age must be 21-60 years old.
• Income: Candidates need to provide actual evidence of income that may include:
• Salary Slip
• Bank statement
• Tax returns

• People should not have a loan default history. They should have a good credit history.
• Identification: Valid CNIC computerized National Identity Card is mandatory for this purpose.

Registration Process

Step-by-Step Approach

• Collection of Required Documents: The applicant would need to gather the significant documents that included income verification, CNIC (Computerized National Identity Card), and bank statements.
• Select a Bank: Meet the banks or financial institutions which provide car financing under the Plan.
• Apply: Provide the application form sent to you by your chosen bank along with the required documents.
• Loan sanction: Once your application reaches the center and is confirmed, you will be offered a loan along with all the conditions and terms.
• Purchasing the Car: Once your loan has been approved, an authorized dealer may sell you the car that you desire.

How to Apply for Meri Gari Scheme Program 2025 Online Apply

• Open the official government website to Meri Gari scheme.apply online for 
• Fill the application form on the website. All the details must be correctly and completely filled up. Upload all documents after applying through the registration process. They are:

•     CNIC (Computerized National Identity Card)
•     Earned income proof like salary slips or bank statements.
•     Any other documents that are required would be available on the portal.

• Loan approval process: You would submit the loan application, which would be processed by finance companies.
• Choose Your Vehicle: Once your loan has been approved, you can approach an authorized dealership and choose your vehicle from the list of eligible cars under the pm scheme Meri Gari Scheme Program apply online .
• Finalize Purchase: The loan sum is directly remitted to the car dealer once you complete your choice of vehicle.
• Training and Delivery: As you buy it, you are trained on its proper use and maintenance.

Repayment method of the Meri Gari Scheme Program

• Flexible Period of Repayment: The repayment period is from 3 years to 7 years. In this way, the customer can choose an appropriate period according to his financial status.
• Less Interest Rate: This scheme provides low interest rates so that the installment is affordable by low and middle-income families.
• Monthly Installment: This scheme provides payments in form of monthly installments where the installment is planned to accommodate within the budget of the applicant. So that no problem arises from the repayment.
• Early Pay Off Facility: Borrowers can pay off early without any charge. Such borrowers may look for an early payoff of the loans a little before time, which would be helpful in the current tenure.
• Online Information Service: The applicant can always track the status of the payment and the outstanding amount with the help of the online information portal in order to manage his finances and for constant updates about the loan application.
• Direct Payment to Dealers: The money advanced is paid directly to the car dealer at the time of buying, thus eliminating the inconvenience of linking a buyer with a car dealer and easy for a buyer at the transaction level. These characteristics are working towards an easily achieved car ownership while, at the same time, ensuring that it comfortably repays over the lending period.

یہ اسکیم لچکدار اور آسان ادائیگی کی سہولت فراہم کرتی ہے۔ قرض کی واپسی کی مدت 3 سے 7 سال تک رکھی گئی ہے تاکہ صارف اپنی مالی حیثیت کے مطابق مدت کا انتخاب کر سکے۔ کم سود کی شرح دی گئی ہے تاکہ کم اور درمیانی آمدنی والے افراد آسانی سے قسطیں ادا کر سکیں۔ ماہانہ اقساط بجٹ کے مطابق رکھی گئی ہیں تاکہ ادائیگی میں دشواری نہ ہو۔ قبل از وقت ادائیگی کی سہولت مفت دستیاب ہے۔ آن لائن پورٹل سے قرض کی تفصیلات دیکھی جا سکتی ہیں، اور رقم براہ راست ڈیلر کو دی جاتی ہے تاکہ خریداری آسان ہو

Conclusion

The Meri Gari Scheme will be a milestone in the easier facilitation of convenience in the ownership of vehicles in Pakistan. This scheme helps to reduce financial barriers with tax incentives and facilitate easier financing options, thus making car ownership more accessible to many people, while also strengthening the sector’s overall performance for economic growth in the automotive sector. Potential buyers under this  need to weigh all aspects-from total cost of ownership to available financing solutions-with regard to their financial capabilities as well as long-term needs.

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