Punjab Bike Scheme 2024 Registration For Punjab Student - Launch Date

The Punjab Bike Scheme is launched for students of Punjab including E bikes and Petrol bikes. CM Free bike registration 2024 for students is launched by the government of the Punjab. The Punjab Chief Minister Maryam Nawaz has given a green signal to the officials in Punjab for the launching of electric bikes for students. The price of these bikes will be paid by students in easy installments.

During a gathering held in Lahore, the regional governing body formulated a plan to provide more than 20,000 electric and Petrol motorcycles to the students of Punjab without any interest to support the students of Punjab.

The session was graced by the presence of Ex Prime Minister Nawaz Sharif. The discussions revolved around enhancing transportation facilities for students throughout the region. Additionally, deliberations included plans for introducing hybrid bus services to provide easy ride and facility for students in Punjab.

Total Number of Bikes in Punjab Motor bike Scheme 2024

It was conveyed by CM Punjab the government of Punjab will provide a total of 20,000 bikes to the students, including 1,000 e-bikes & 19,000 petrol bikes.

It is important to mention that a huge relief will be given to students in payment of these bikes and they will not be charged any interest on monthly installments to ensure the easy payments by the students of Punjab. It was further added that this is only the start of E bikes in Punjab and the number of bikes will be increased further in the upcoming months to provide more bikes to students and other citizens of Punjab.

Punjab Bike Monthly Installments details

It is to inform all concerned that regarding the provision of Bikes in province, the Punjab government has partnered with the Bank of Punjab (BOP) for the Provision of bikes. The amount of monthly installment for bikes has been set at Rs. 10,000 for E bikes and Rs. 5,000 Petrol bikes respectively. The down payment amount will be between 20000 to 30000.

Punjab Bike Quota

In the urban regions of Punjab, the quota will be the same for male and female students. The 50% bikes will be reserved for male students and 50% for female students. In rural areas of Punjab, 70% of the quota will be reserved for male students and 30% bikes for female students. So it is a very good opportunity for female students to avail this opportunity.

Electric Bikes for Punjab Students: 2024 Interest-Free Installment Plan

Under this Motorcycle Scheme of Punjab Govt, it will provide 19,000 petrol bikes and 1,000 electric bikes to students in Punjab on easy Installments.

The monthly installment for petrol bikes will be Rs 5,000, while for electric bikes, the amount will be Rs 10,000. The Punjab government intends to conduct a draw in May 2024 for distribution of these bikes. The bikes will be delivered in the same month.

The quota distribution for these bikes will be divided between male and female students as discussed above. The purpose of this initiative is to provide the students the facility of easy travelling and save their precious time and effort.