Punjab Chief Minister Maryam Nawaz’s scheme to provide motorcycles to students in interest-free installments has garnered an overwhelming response. Over 110,000 students have registered on the portal, indicating the popularity and necessity of such initiatives. Let’s delve into the details of this scheme and what it means for the students of Punjab.
Overview of CM Punjab’s Motorcycle Scheme
Punjab Chief Minister Maryam Nawaz recently launched a scheme aimed at providing motorcycles to students in interest-free installments. Here are the key highlights of the scheme:
- Over 110,000 students have registered for the scheme.
- The Punjab Information Technology Board (PITB) received around 16,000 online applications on the online portal.
- Of these applications, over 13,000 students have applied for petrol bikes, while 3,800 have applied for electric motorcycles.
- The scheme is initially available to students from Lahore, Multan, Faisalabad, Bahawalpur, and Rawalpindi Divisions.
Also Read: Breakfast Scheme to 5 Lac School Children in South Punjab
How Does the Bikes Scheme Work?
Under this scheme, students can acquire petrol motorcycles and electric bikes through easy monthly installment plans. The Punjab government provides the down payment, and the provincial government will also pay the markup in monthly installments.
Who is eligible to apply for the scheme?
Students from Lahore, Multan, Faisalabad, Bahawalpur, and Rawalpindi Divisions are eligible to apply in the initial phase.
What is the deadline for application submission for the Motorcycle Scheme?
The deadline for submitting applications to avail of the bikes is April 29, 2024.
Monthly Installment Plans for Motorcycle Scheme
Male students have the option to pay Rs 11,676 per month, while female students can avail of the offer at Rs 7,325 per month.
| Gender | Monthly Installment |
|---|---|
| Male | Rs 11,676 |
| Female | Rs 7,325 |
Equitable Distribution
Notably, in Lahore, motorcycles will be distributed based on the population density of each district, ensuring equitable access for students across the region.
Conclusion
CM Punjab’s Motorcycle Scheme has seen an overwhelming response from students across the region. With easy monthly installment plans and interest-free loans, this initiative is set to enhance student mobility and accessibility. Apply now before the deadline on April 29, 2024, and take advantage of this opportunity to own a motorcycle or e-bike.