Application deadline: April 29, 2024
| Bike Type | Financing Limit (Rs) | Available Models |
|---|---|---|
| Petrol Bikes | Up to 150,000 | Atlas Honda, Suzuki, United Motorcycles |
| Electric Bikes | Up to 250,000 | Jolta, Metro |
In a significant move, the Punjab government has announced the addition of electric bikes (e-bikes) to its program distributing bikes to university students. As part of the Chief Minister Youth Initiative, the government plans to provide 20,000 bikes to degree college and university students across the province. Here are the key highlights of this scheme:
Initiative Scope: The first phase of the Chief Minister Maryam Nawaz Sharif Youth Initiative aims to distribute 20,000 bikes, including 19,000 petrol bikes and 1,000 electric bikes, to degree college and university students.
Interest-Free Plans: Both petrol and electric bikes are available on interest-free plans, with the Punjab government subsidizing Rs 1 billion for interest-free bikes.
Application Deadline: Interested students must apply by April 29 through the provided link to avail themselves of this opportunity.
Financing Limits: The financing limit for electric bikes is up to Rs 250,000, while for petrol bikes, it is up to Rs 150,000. Students opting for bikes exceeding these prices must pay the additional cost upfront to the Bank of Punjab (BOP).
Bike Selection: Bikes must be selected from the available options on the web portal. The government is offering motorcycles from various companies, including Atlas Honda, Suzuki, and United Motorcycles, with models ranging from 70CC to 150CC. Additionally, e-bikes from companies such as Jolta and Metro are available.
Benefits of E-Bikes in Universities:
- Environmentally Friendly: E-bikes offer a sustainable transportation option, contributing to reduced carbon emissions and environmental conservation.
- Cost-Effective: With interest-free financing and government subsidy, e-bikes provide a cost-effective mode of transportation for students.
- Promotion of Innovation: By including e-bikes in the scheme, the government promotes the adoption of innovative and eco-friendly technology among youth.
