The Punjabi government has begun the process of registering motorcycles for students in the area on a monthly interest-free payment plan.
At least 19,000 gasoline and 1,000 E-bikes will be given away in the first phase. The Punjab government will cover the applicants’ down payment and markup in installments.
Due to the exorbitant cost of two-wheelers, the Interest-Free Bike Scheme 2024 was created to lessen the financial burden on students.
A Rs. 20,000 down payment is part of the proposal. For two years, students will pay for their bikes in convenient monthly installments. Based on the facts provided, male students will have to pay more than Rs. 11,000 per month, while female students will pay Rs. 7,325 per month.
Whereas petrol bikes would be dispersed in other districts according to population, e-bikes will be given out in Faisalabad, Multan, Bahawalpur, Rawalpindi, and Lahore.
Take these actions to register for the Punjab Motorcycle Scheme:
Visit the authorized website, bikes.punjab.gov.pk.
Locate the section for registration.
Fill out the registration form with the necessary personal data.
Upload any necessary files by following the given instructions.
Verify the accuracy of the information.
Send in the registration form.
