In an initiative aimed at facilitating students' transportation needs, the Punjab government has announced the registration for the provision of 20,000 bikes in easy installments.
The scheme, launched in the first phase, will see the distribution of 19,000 petrol bikes and 1,000 e-bikes.
Under the project, the Punjab government will pay Rs 1 billion markup subsidy, besides paying Rs 20,000 per bike down payment on behalf of the students. The mark up on monthly instalments will also be borne by the Punjab government.
Male students will pay a monthly installment of Rs 11,676, while female students will pay Rs 7,325 per month. Distribution will be based on population density, with the first phase focusing on cities like Faisalabad, Multan, Bahawalpur, Rawalpindi, and Lahore.
The initiative targets students from both public and private universities and graduate colleges. The deadline for submitting applications is April 29th, providing students with the opportunity to access affordable transportation solutions to facilitate their educational pursuits.
The students can apply online by visiting the link (Students bikes.punjab.gov.pk). An eligible applicant must be a student of a public or private sector university/graduate college. He/she must be 18 years or above of age, and has a driving license or learner's permit.
