- The Punjab government plans interest-free motorbikes for students to reduce transportation costs.
- 20,000 electric motorcycles are to be distributed to students in a bid to cut down on expenses.
- The Bank of Punjab partners with the government for an affordable bike scheme.
The Punjab government, following Chief Minister Maryam Nawaz Sharif’s instructions, is implementing a plan to offer electric and petrol motorbikes on interest-free installments to reduce transportation expenses for students. This initiative supports students and encourages sustainable commuting in the province.
The Punjab government has announced the distribution of 20,000 electric motorcycles to students, aiming to cut down their transportation costs significantly. Chief Minister Maryam Nawaz Sharif led a meeting to discuss measures for student facilitation, stressing the importance of accessible transportation for education.
Teaming up with the Bank of Punjab, the provincial government has designed a structured plan to distribute motorbikes. The monthly installment for electric bikes will be below Rs5,000, with a down payment of Rs25,000, making it financially viable for students from diverse backgrounds to join the program.
Bike Scheme Monthly Installments
| Aspect | Details |
|---|---|
| Number of Motorbikes | 20,000 electric motorcycles |
| Monthly Installment for E-Bike | Below Rs5,000 |
| Down Payment | Rs25,000 |
| Distribution Method | Through a draw in May 2024 |
Interest-free motorcycle distribution will be conducted through a draw schedule in May 2024, ensuring fairness and transparency. This initiative highlights the government’s dedication to supporting student welfare and encouraging eco-friendly transportation options.
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The Punjab government’s bike scheme, with its affordable monthly installments and partnerships with financial institutions, aims to empower students economically and promote environmental sustainability. This proactive strategy is aligned with the vision of establishing a more accessible and sustainable transportation system for Punjab’s youth.
