How to Apply for Punjab Bike Scheme has launched a new initiative referred to as the Punjab Bike Scheme for students. The intention is to furnish ordinary and electric powered bikes to college students with handy installment plans. Registration for this scheme has formally begun, and this article ambitions to grant you with complete coaching and small print on how to entire the registration technique from the remedy of your domestic via the Punjab government’s committed portal.
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About Punjab Bike Scheme 2024
The Punjab Bike Scheme 2024 goals to distribute 20,000 bikes amongst male and woman college students in Punjab. Out of these, 19,000 are petrol bikes and one thousand are electric powered bikes. There’s a precise allocation for each male and woman students:
For Petrol Bikes:
11,676 bikes for male students
7,324 bikes for woman students
For Electric Bikes:
700 bikes for male students
300 bikes for girl college students
To test if you qualify for the bike scheme and can acquire a bike, you should meet the following criteria:
Age requirement: You ought to be 18 years or older.
Residency: You want to be a resident of Punjab.
Enrollment: You need to be a everyday pupil at an organization identified by means of the Higher Education Commission (HEC), consisting of universities and colleges.
Driving license: Possession of a legitimate using license is necessary. If you do not have one, you ought to now not be a learner driver.
Identification: You should have a legitimate ID card.
Institution type: You must now not be enrolled in a non-public institution.
Legal record: You should now not have any police instances towards you.
Here’s how to register:
Visit the respectable internet site of the Bike Scheme: bikes.punjab.gov.pk.
Click on the registration area after attaining the website.
Fill out the registration shape with all the required data in the right format.
Upload the imperative archives as requested.
Review all the entered records cautiously to avoid errors.
Submit the registration shape as soon as you’ve got established that all records is correct.
Here’s a simplified information on how to observe for the Punjab Bike Scheme 2024:
Create an account on the scheme’s website.
Fill out the scheme software form.
Choose between a petrol or electric powered motorcycle.
Provide important points of a guarantor, consisting of private information, profits details, and preceding mortgage information.
The closing date to practice is April 29, 2024.
Only college students from 5 districts
– Lahore, Rawalpindi, Faisalabad, Multan, and Bahawalpur – can follow for electric powered bikes beneath the scheme.
Students can acquire economic help up to Rs 250,000 for electric powered bikes and Rs 150,000 for petrol bikes. If the chosen bike exceeds these limits, college students need to pay the more quantity themselves after approval from the Bank of Punjab (BOP). The Punjab authorities covers the price of bikes up to the prescribed limit.
Installment plans
fluctuate based totally on the chosen bike’s price. For instance, if you pick a bike really worth Rs 150,000, you will want to pay a 30% down payment. However, the Punjab authorities gives a unique exemption of Rs 20,000, so you solely want to credit score Rs 25,000, with the authorities overlaying the rest.
