Registration for electric bikes for students starts

LAHORE: Punjab Chief Minister Punjab Maryam Nawaz Sharif has started a registration drive for the provision of 20,000 electric and petrol bikes to university students across Punjab on interest-free easy monthly instalments.

In phase-I, 19,000 petrol bikes and 1,000 e-bikes will be provided. Under the project, the Punjab govt will pay Rs1 billion markup subsidy, besides paying Rs20,000 per bike down payment on behalf of the students.

Male students will deposit Rs11,676 per month, while female students will pay Rs7,325 per month instalment. In the first phase, e-bikes will be given in Faisalabad, Multan, Rawalpindi and Lahore. The last date for the submission of application is 29th. The students can apply through the link (students bikes.punjab.gov.pk).