How can Punjab students buy electric motorbikes in installments? Under the visionary leadership of Punjab Chief Minister Maryam Nawaz Sharif, the provincial authorities have embarked on a groundbreaking plan to provide students with electric and petrol motorbikes through interest-free installment schemes.
How can Punjab students buy electric motorbikes in installments?
20,000 Electric Motorcycles to be Distributed
In a bid to alleviate the financial burden on students, the Punjab government has announced the allocation of 20,000 electric motorcycles.
This initiative aims to significantly reduce transportation costs for students across the province.
Chief Minister’s Directive for Student Welfare
A crucial meeting, presided over by Chief Minister Maryam Nawaz Sharif, was convened to discuss comprehensive measures geared towards enhancing student welfare.
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The discussions centered on strategies to facilitate students’ access to transportation facilities throughout Punjab.
Bank of Punjab Partners with Government
To bring this ambitious program to fruition, the provincial government has forged a strategic partnership with the Bank of Punjab.
Through this collaboration, students will benefit from interest-free installment plans, making the acquisition of e-bikes more accessible.
Monthly Installment Set Below Rs5,000
Recognizing the financial constraints faced by students, the monthly installment for e-bikes has been fixed at below Rs5,000.
Additionally, a nominal down payment of Rs25,000 will enable students to avail themselves of these motorcycles hassle-free.
Distribution Timeline
In a transparent and equitable manner, the government plans to distribute the motorcycles among students through a draw.
Scheduled for May 2024, this draw will ensure fair and impartial allocation of the interest-free motorcycles, empowering students across Punjab.
