The government of Punjab decided to announce the E Bike Scheme 2024 for college and university students to facilitate their transportation. Almost 10000 electric bikes will be distributed among eligible and bright students. It is a good initiative of Govt of Punjab to launch a special scheme for students who face transport issues while attending college and university lectures.
The Bank Of Punjab is facilitating the Government of Punjab to present an E Bike Scheme 2024 and BOP considers it a Soft Loan for both male and female students.. Now students can receive their own electric bike via easy installment with an affordable interest rate. The installment duration will be 2 years and the markup rate set at about 6 percent.
Govt of Punjab E Bike Scheme 2024 For Students
Provisional Minister for Planning and Development Bilal Afzal said that the Electric Bike will be distributed among position holders and deserving students of colleges and universities of Punjab through balloting will conducted by the Bank of Punjab. He also mentioned how to approve student’s applications for E-Bike Scheme to ensure its success and efficiency.
Chairmen P&D Board Iftikhar Ali Sahoo said that initially this E Bike Scheme 2024 for students will be introduced in big cities like Lahore, Rawalpindi, Multan, and Faisalabad. After the success of this Electric Bike Scheme, this program will be extended to small cities in Punjab.
How To Apply for E Bike Scheme 2024
Provincial Minister for Planning and Development, Bilal Afzal said that this scheme will be introduced in January 2024 after the approval of Govt of Punjab.
Online applications of students will be accepted through an online portal and after successful success students will get 10000 E-Bikes at the lowest interest rate from the Bank of Punjab. If you are interested, you are advised to visit the National Bank of Punjab for 0 markup and interest-free Electric bikes, Motorcycles, and Rikshaws for students and women from all over the Punjab province.
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