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Uni students of Punjab to get 20K interest-free bikes

LAHORE: University students in Punjab can get (19,000 electric and 1000 petrol) interest-free bikes by applying on bikes.punjab.gov.pk. till Monday (29th April, 2024).

On the direction of Chief Minister Maryam Nawaz, Punjab Govt will subsidize one billion rupees for the phase I of this project launched under CM Youth Initiative Project.

APP Adds: CM Maryam Nawaz Sharif has started a registration drive for the provision of 20,000 electric and petrol bikes to university students across Punjab on interest-free easy monthly installments.

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 markup on monthly installments will also be borne by the Punjab government, according to a handout issued here Friday.

Male students will deposit Rs 11,676 per month, while female students will pay Rs 7,325 per month instalment.

In the first phase, e-bikes will be given in Faisalabad, Multan, Bahawalpur, Rawalpindi and Lahore.

Petrol bikes will be given in each district in the proportion of their population.

Newspakistan.tv/APP

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