The CM Punjab Meri Gari Scheme 2026 is a government-backed car financing initiative launched by the Punjab Government to help residents of Punjab own a vehicle through low-markup financing and flexible installments. The scheme aims to make car ownership accessible to middle-income and low-income households, including women, youth, and differently-abled individuals, with a fully online application process.
What Is the CM Punjab Meri Gari Scheme 2026?
The Meri Gari Scheme 2026 allows qualified applicants to purchase new or certified used vehicles with a low down payment, lower markup (interest) rates, and affordable monthly installments spread over several years. Unlike high-interest auto loans from commercial banks, this program offers subsidies and financing benefits to make cars more affordable.
Key Features
- Low markup financing compared to standard auto loans
- Flexible repayment tenure (typically 3 to 7 years)
- Down payment support: 15%–20% of vehicle value
- Monthly installments starting from approx. Rs. 25,000
- Choice between new vehicles or certified used cars (up to 3 years old)
- Priority quotas for women, youth, and differently-abled applicants
- Fully online application and transparent government process
Who Is Eligible to Apply?
To qualify for the CM Punjab Meri Gari Scheme 2026, applicants must meet the following eligibility criteria:
- Must be a permanent resident of Punjab with a valid CNIC and domicile
- Age between 20 and 50 years
- Minimum monthly income of Rs. 30,000 (salaried, self-employed, or job seeker with a business/earning plan)
- Clean credit history (no major loan defaults)
- Driving licence preferred (family driver injection allowed for women/differently-abled applicants)
- Women and differently-abled applicants may nominate a driver if needed
Applicants who don’t currently have high income can still improve their chances by submitting a basic ride-hailing or earning plan to demonstrate income potential.
Required Documents for Online Registration
Before starting your application, be sure to have the following ready:
- Valid CNIC (front and back scans)
- Punjab domicile certificate
- Proof of income (salary slip or bank statement)
- Recent passport-size photograph
- Utility bill for address verification (electricity or gas)
- Bank account details for installment setup
- Driving licence or proof of nominated driver (if applicable)
Step-by-Step Online Application Process
The Meri Gari Scheme 2026 application is entirely digital. Follow these steps to apply online:
- Visit the official Punjab vehicle financing portal (via the Government of Punjab website).
- Create an account using your CNIC and registered mobile number.
- Enter your personal, income, and job details accurately.
- Choose your preferred vehicle category (new or certified used car).
- Upload scanned documents (CNIC, income proof, utility bill, photo).
- Submit the application and note your tracking ID for status updates.
- Wait for bank verification and approval.
- Once approved, pay the down payment as instructed and complete documentation.
- Receive your vehicle from an authorised dealership.
How the Installment Plan Works
The installment structure under the Meri Gari Scheme is designed to be affordable and predictable:
| Feature | Details |
|---|---|
| Down Payment | 15% to 20% of vehicle price |
| Monthly Installment | Starts from ~Rs. 25,000 (varies by vehicle and tenure) |
| Repayment Tenure | 3 to 7 years |
| Markup Rate | Subsidised lower rate than commercial loans |
| Vehicle Options | New or certified used (up to 3 years old) |
The exact monthly instalment depends on the car price, down payment amount, and selected financing tenure.
Priority and Quota Benefits
The Meri Gari Scheme gives priority to certain groups to enhance inclusive access:
- Women applicants
- Differently-abled individuals
- Youth and students
- Low-income professionals
- Job seekers with a valid earning plan
These priority categories may receive enhanced approval opportunities or listed quotas for certain vehicle allocations.
Tips for a Successful Application
- Double-check all uploaded documents for clarity and completeness.
- Ensure your bank account details match the CNIC for EMI processing.
- Submit a clear income or earning plan if you are self-employed or actively seeking work.
- Avoid third-party agents; only use the official Punjab government portal.
FAQ – CM Punjab Meri Gari Scheme 2026
Q1: Who can apply for the Meri Gari Scheme 2026?
Punjab residents with valid CNIC, income proof, and a clean credit record can apply for affordable car financing.
Q2: Can women apply even without a driving licence?
Yes. Women and differently-abled applicants can apply and nominate a driver for vehicle usage if needed.
Q3: Are used cars allowed?
Yes. Applicants can choose certified used cars (up to 3 years old) in addition to new vehicles.
Q4: How long is the repayment period?
Installment plans typically range from 3 to 7 years with affordable monthly payments.
Q5: Is there any government subsidy?
The scheme offers lower markup rates and a reasonable down payment requirement compared to standard bank loans.