Interest Free Punjab Bike Scheme
The Chief Minister of Punjab has launched the Punjab Bike Scheme for the students of Punjab. Under this scheme, more than 20,000 electric and petrol bikes will be distributed among the students. Students will be able to get these bikes in very easy installments without any interest. In this article, you will be provided complete information about the installation plan for the Bikes Scheme. If you also want to benefit from the scheme, then this article is going to be very helpful. Keep reading the article to get complete information.
Who is Eligible?
Those students who want to know which students will be able to benefit from the scheme, let me tell them. The scheme has been launched by the Chief Minister of Punjab, especially for the students of Punjab. Therefore, students residing in Punjab who are studying at any college or university will be able to benefit from this scheme. If I tell you more, the scheme will first be started in the big cities, and then slowly this scheme will establish its foothold in the entire Punjab.
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Total Number of Bikes & Distribution
The Chief Minister of Punjab launched this progressive scheme to distribute 20,000 bikes among the students across Punjab, including 19,000 petrol bikes and 1,000 electric bikes. The distribution plan is also designed with complete transparency, which gives equal rights to both urban and rural populations.
Within urban areas, 50% male and 50% female students have been allocated. And for rural areas, a quota has been allocated for 70% male and 30% female students.
| Region | Allocation |
|---|---|
| Urban Areas | 50% Males, 50% Females |
| Rural Areas | 70% Males, 30% Females |
Distribution & Delivery of Bikes
On the special instructions of Punjab Chief Minister Maryam Nawaz, the distribution process will be transparent and fair. Both male and female students will be provided equal opportunities to benefit from the scheme. In order to maintain the system of transparency, a draw will be conducted for the applications submitted by May 2024. After that, delivery of bikes will be started to the lucky students in the same month.
Let me tell you further that the process of submitting the application has not yet started. As soon as any kind of news about it comes out, you will be informed with complete details on the same website. Then you will be able to submit your application by following the procedure mentioned.
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Installment Plan for Interest Free Punjab Bike Scheme 2024
For those students who want to get information about the Installment plan, here are the complete details for them. Let us tell you that Punjab Chief Minister Maryam Nawaz has emphasized that minimum financial pressure should be put on the students. And keeping this in mind, the higher authorities have tried to keep the monthly installments to a minimum. The details are as follows:
- Down payment: Rs. 25,000 (as reported by The Bol News)
- Monthly Installments:
- Electric-Bikes: Rs. 10,000 per month
- Petrol bikes: Rs. 5,000 per month
Benefits of Scheme
The Punjab government has decided to launch the scheme with the aim of improving transport services for students across the province. This scheme will significantly reduce the travel expenses of male and female students.