How to Apply for Punjab Bike Scheme 2024 New Update

Punjab Bike Scheme:

The Punjab authorities has currently began the Punjab bike scheme for students. The motive of this is to distribute normal and electric powered bikes to college students in effortless installments. Let us inform you that the registration of this scheme has additionally been formally began by means of the government. And the motive of this article is that you will get whole coaching and small print about the whole system for finishing the registration at domestic via the portal mounted by using the Punjab government.

About Punjab Bike Scheme 2024

Under this scheme, the Punjab authorities intends to distribute 20,000 bikes amongst the male and woman college students belonging to Punjab. The complete range of these bikes is 20,000, and out of them, 19,000 are petrol bikes and one thousand are electric powered bikes. Along with this, there is a constant ratio for male and girl students, the important points of which are as follows:

Petrol Bikes

11,676 For Male Students

7,324 For Female Students

Electric Bikes

700 For Male Students

300 For Female Students

Eligibility Criteria

If you favor to understand if you are eligible to be a part of this scheme and get a bike, then you want to fulfill the standards given below.

The age restrict should be above 18 years.

Must be a resident of Punjab

It is integral to be a ordinary pupil at an organization identified by using HEC. Institutions consist of each universities and colleges.

Must have a using license

If a using license is now not present, then it is obligatory no longer to be on the learner

The applicant should have an ID card.

The applicant must no longer belong to any non-public institution.

The applicant need to no longer have any police instances towards him.

Registration Process

Visit the Bikes Scheme authentic internet site.

After touring the website, click on on the registration section.

Complete the registration shape by means of coming into all the requested records in the lesson format.

Upload the required archives as requested.

Read all the records entered once more to keep away from any mistakes.

Submit the registration shape after making sure the right information.

Punjab Bike Scheme
Punjab Bike Scheme

How to Apply for the Punjab Bike Scheme 2024

Here is your easy step-by-step information on how to follow for the E-Bike scheme via the on-line portal:

First, you want to create your account on the website.

After that, you have to fill out the structure for the scheme.

Then, you have to pick between a petrol or an electric powered motorcycle.

Finally, you need to grant important points of a guarantor, including:

Your non-public information

Your earnings information

Information on your preceding loans

Last Date to Apply

The final date to practice for the Punjab Bike Scheme is April 29, 2024.

Cities Under The Scheme

It is very necessary to inform you that solely college students from 5 districts can practice for electric powered bikes, which include.

Lahore

Rawalpindi

Faisalabad

Multan

Bahawalpur

Maximum Financing

Under this scheme, college students can avail economic help up to Rs 250,000 for electric powered bikes and Rs 150,000 for petrol bikes. If a scholar opts for a bike that charges greater than these limits, they will have to pay the greater quantity themselves after approval from the Bank of Punjab (BOP). The Punjab authorities will solely pay the fee of these bikes that are up to the prescribed limit. Students have to pick the bike of their desire from the listing given on the reputable website. Free Petrol and Electric Bikes Distribution Plan

Punjab Bike Scheme
Punjab Bike Scheme

Installment Plan Details

Your month-to-month installment and down fee quantity rely on the bike you pick out and its price. For example, if you pick a bike really worth Rs 150,000, you will have to pay 30% of the preliminary down payment. But a exceptional exemption of Rs 20,000 is being given through the Punjab government, so you will want to credit score solely Rs 25,000, and the relaxation will be borne by way of the government.

 

Leave a Comment