The Punjab government has announced a scheme to provide 20,000 e-bikes to students in easy installments, prioritizing youth upliftment as per Punjab Chief Minister Maryam Nawaz’s directives.
The country’s first-ever female Chief Minister highlighted that fuel-powered and electric bikes would facilitate students’ daily commute.
Given the soaring prices of bikes, the government is offering students the opportunity to acquire a bike with a down payment of Rs25,000, with monthly installments of less than Rs5,000.
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Distribution of bikes is slated to commence in May 2024. A separate scheme will also be introduced to provide bikes to high-achieving students.
This decision stems from a request made by former Prime Minister Nawaz Sharif, urging the Punjab government to increase the number of bikes and ensure the affordability of monthly installments.
In collaboration with the Bank of Punjab, the government plans to roll out 20,000 bikes. Distribution will be conducted through a draw in May 2024.
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