The Punjab Government officially launched the project of Bike distribution to the students on easy installments. In the first phase, 20,000 bikes will be distributed among the students. 19,000 fuel bikes and one thousand e-bikes will be distributed. CM Punjab, Maryam Nawaz said that electric bikes were mandatory to reduce pollution; however, they were currently not suitable for their low mileage and incidents of battery theft. She said the government had decided to provide fuel-consuming bikes too along with electric bikes on easy installments.
“To reduce the burden on students, the down payment will be reduced to Rs20,000 and the monthly installment will also be less than Rs5,000,” said Maryam adding that the distribution of bikes would begin from May 2024. She also announced to introduce a separate scheme to give bikes to high achiever students.
The monthly installment of a petrol bike would be less than Rs5,000 per month and the installment of an e-bike would be less than Rs10,000 per month, the forum was told.
In villages, 70% quota was reserved for male students and 30% for female students. The application portal is open now, and the last date for submission of the application is April 29, 2024. The online application for bikes can be submitted at www.bikes.punjab.gov.pk
.webp)
.webp)
.webp)
