CM Punjab Maryam Nawaz witnessed MoU signing ceremony between Transport Department and Bank Of Punjab.
MoU for 20,000 bike project was signed by Secretary Transport and President BOP.
Speaking on the occasion, Chief Minister Maryam Nawaz said 19,000 petrol, 1000 electric bikes will be given to students on interest-free monthly installment.
She said monthly installment of petrol bike will be Rs 5000, E-bike will be less than Rs 10,000.
She said delivery of bikes will be started in May after the draw.
Maryam Nawaz said the provision of bikes to students is a revolutionary scheme under CM Punjab initiative.
While inspecting proposed electric and petrol bikes for students, CM Punjab directs to start registration of bikes for students at the earliest.
Monthly Installment e-Bikes Scheme Punjab
During the MoU signing ceremony between the Punjab Transport Department and Punjab Bank, Punjab Chief Minister Maryam Nawaz Sharif said 19,000 petrol and 1,000 electric bikes would be given to students free of interest in monthly installments.
The monthly installment of a petrol bike will be 5000 and the monthly installment of an e-bike will be less than 10000. Registration of students for bikes will be started as soon as possible.
The government intends to award the motorcycles to students through a draw in May 2024. After the draw in May, delivery of bikes will be started in the same month. In villages, 70% quota was reserved for male students and 30% for female students.
Punjab Students Bike Scheme registration
According to the Punjab government, the registration for the 20,000 bikes will start soon. Bikes will be provided to students at the end of May.
