In a significant move aimed at easing transportation costs for students, the Punjab government, under the directives of Chief Minister Maryam Nawaz Sharif, has initiated a plan to provide electric and petrol motorbikes on interest-free installments. This initiative is part of the government’s efforts to support students across the province and promote sustainable commuting solutions.
The Punjab government announced the distribution of 20,000 electric motorcycles among students, which expected to significantly reduce their transportation expenditure. Chief Minister Maryam Nawaz Sharif chaired a meeting to discuss the measures required to facilitate students, emphasizing the importance of accessible transportation options for educational pursuits.
Partnering with the Bank of Punjab, the provincial government has devised a structured plan for the distribution of motorbikes. The monthly installment for electric bikes will set below Rs5,000, with a down payment of Rs25,000, making it financially feasible for students from various backgrounds to participate in the scheme.
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 |
The distribution of interest-free motorcycles will be conduct through a draw schedule for May 2024, ensuring fairness and transparency in the allocation process. This initiative underscores the government’s commitment to supporting student welfare and promoting eco-friendly transportation alternatives.
By offering affordable monthly installments and partnering with financial institutions, the Punjab government’s bike scheme aims to empower students economically and contribute to a greener environment. This proactive approach aligns with the vision of creating a more accessible and sustainable transportation system for the youth of Punjab.
