Interest-free e-bikes for students; all details here

Punjab Chief Minister Maryam Nawaz approved interest-free electric bikes for students on installments.

While directing a meeting in Lahore, the provincial administration chalked out plan to provide over 20,000 electric and petrol motorbikes for citizens on interest-free loan.

CM Maryam along with former prime minister Nawaz Sharif hold meeting about up-gradation of transportation services for students across the province.

Top PML-N leaders also decided to introduce relief trials for students including launch of hybrid bus services.

E-bikes scheme

The PML-N government has decided to give 19,000 petrol bikes and 1000 e-bikes to students. They won’t charge any extra money if students pay back monthly.

They’re teaming up with Bank of Punjab BOP for this. Monthly payment for petrol bikes is Rs5000 and for e-bikes, it’s Rs10000.

They’re planning to pick students through a lucky draw in May. Bikes will start reaching students in May too.

They have decided to divide the bikes equally between boys and girls in cities. In rural areas, 70% of the bikes will go to boys and 30% to girls.