For students, Punjab officials have some great news: electric bikes will soon be available! To facilitate student mobility around the province, Chief Minister Maryam Nawaz Sharif has approved the bike plan idea.
Interest-free Instalments
The province’s government recently presented a plan in Lahore to distribute over 20,000 motorbikes both petrol and electric—to residents, with interest-free installments, with a focus on students. The importance of this project was demonstrated by the attendance of former Prime Minister Nawaz Sharif at the conference.
Enhancing student transportation was the primary topic of discussion. In addition to electric bikes, student hybrid bus services were also planned.
No. of Electric and Petrol Bikes
Of the 20,000 bikes that the government plans to distribute, 1,000 will be electric bikes and 19,000 will be gas bikes. And what do you know? Students will not be charged any interest on their monthly installments.
Instalment Plans
The Punjab Government has partnered with the Bank of Punjab (BOP) to distribute bikes in a way that makes things easier for students. For electric bikes, the monthly installment is Rs. 10,000(PKR); for petrol motorbikes, it is Rs. 5,000. Since freedom is essential, the government has chosen to hold a draw in May to guarantee equity in the allocation procedure.
Quote of Male and Female Students
There are set quotas in place to guarantee equal opportunity. The bikes will be distributed equally between male and female students in urban areas. There is a slight variation in rural areas, though, with 30% of the quota designated for female students and 70% for male students.
Conclusion
Under the direction of the Pakistan Muslim League Nawaz (PML-N), the Punjabi government has launched an initiative that attempts to reduce the cost and burden of student transportation. When electric bikes become more widely available, students will be able to commute to school more easily.
| Topic | Details |
| Scheme Name | Punjab Bike Scheme |
| Launching Government | Pakistan Muslim League Nawaz (PML-N) under the Punjabi government |
| Type of Bikes | Electric and petrol bikes |
| Number of Bikes | Total: 20,000 bikes (1,000 electric, 19,000 petrol) |
| Instalment Plans | – Electric bikes: Rs. 10,000 per month – Petrol bikes: Rs. 5,000 per month |
| Interest on Instalments | No interest is charged to students |
Also Read: The Punjab Government has launched the Kisan Credit Card. What is the purpose of this card?
FAQs
Which Government Launched this Scheme?
Under the direction of the Pakistan Muslim League Nawaz (PML-N), the Punjabi government has launched an initiative that attempts to reduce the cost and burden of student transportation.
What is the Quota of the Male and the Female Students in the rural areas?
There is a slight variation in rural areas, though, with 30% of the quota designated for female students and 70% for male students.