The Punjab government launched the CM Maryam Nawaz Interest-Free Bike Scheme 2024. Maryam Nawaz, the Chief Minister of Punjab, has shown her commitment to empowering the youth by approving a new program named “20,000 Interest-Free Bikes for Punjab Students.” This initiative, led by the recently elected government, aims to give students in the area access to reasonably priced transportation options. Information about online registration for the interest-free Bikes Scheme 2024 is provided in this article. You can look up details regarding who qualifies for this program. On this page, you can also review the entire application procedure for the Punjab Students’ 20000 Interest-Free Bikes Scheme 2024.
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20,000 Bikes Distribution
The decision was taken at a meeting in Lahore where the provincial government presented a plan to loan over 20,000 motorbikes—both petrol and electric—to residents at no interest. The Punjab government has partnered with the Bank of Punjab (BOP) to facilitate student access to these bikes. Through this partnership, students will be able to benefit from interest-free, convenient installment plans. The provincial government devised a plan to offer interest-free loans for more than 20,000 bikes during a meeting in Lahore. Offering residents both petrol-powered and electric motorcycles.
Installment Plan for Petrol and E-Bike
Any student living in Punjab is qualified to apply for the program. The monthly installment for an E-bike is Rs. 10,000, while the monthly installment for a petrol bike is Rs. 5000 under the scheme. This year, in May, the government will hold a draw, and the bikes will be delivered beginning that same month. The government wants to empower students and lessen their financial burdens, which is why it offers accessible and reasonably priced transportation options.
| E-Bike Scheme | |
| Initiative | CM Maryam Nawaz Interest-Free Bike Scheme 2024 |
| Purpose | Provide access to reasonably priced transportation options for students in Punjab |
| Bike Distribution | Over 20,000 motorbikes (petrol and electric) to be loaned at no interest |
| Partnership | Punjab government collaborated with the Bank of Punjab (BOP) |
| Installment Plans | – Monthly installment: Rs. 10,000 for E-bike, Rs. 5000 for petrol bike |
| – Bikes to be delivered starting May after a draw held by the government |
Quota For Boys and Female Students
We will put in place a quota system to guarantee that all students have equal opportunities. Male and female students will each receive an equal share of the quota in urban areas. On the other hand, 30% of the quota will be set aside for female students and 70% for male students in rural areas. 50% of the quota will be set aside for male students and 50% for female students in urban areas.
FAQs
What is the quota for male and female students in the urban areas?
Male and female students will each receive an equal share of the quota in urban areas.
What is the quota for male and female students in rural areas?
30% of the quota will be set aside for female students and 70% for male students in rural areas.
