The Department of Transport and Punjab Bank have signed an MOU for a 20,000 bikes Scheme for students.
Punjab Bikes Scheme is being launched in May 2024 by the new CM Punjab Maryam Nawaz, In a significant development, an MOU was signed between the Department of Transport and Punjab Bank, marking the initiation of Punjab’s ambitious 20,000 Bikes Scheme. The memorandum, signed by the Secretary of Transport and President of Punjab Bank, Zafar Masood, sets the stage for a transformative initiative in the transportation sector.
Chief Minister Maryam Nawaz 20000 Bike Scheme for Students
Punjab Chief Minister Maryam Nawaz Sharif personally oversaw the inspection of approved electric and petrol bikes designated for students for 20000 Bikes Scheme. With a keen eye for detail, she inquired about bike prices and meticulously assessed their quality, underscoring her commitment to ensuring excellence in the project. She emphasized that the bikes would be themed in green, symbolizing the vibrant identity of Punjab.
Emphasis on Environmentally-Friendly Practices
During the inspection, Chief Minister Maryam Nawaz emphasized the importance of catering to the preferences of the environmentally conscious populace of Punjab. She instructed officials to ensure that the colors of the 20000 Bikes Scheme align with the choices of the “green people” of Punjab, reflecting a commitment to sustainability and environmental stewardship.
Student Bike Registration and Subsidized Installments
Addressing the audience, Maryam Nawaz Sharif unveiled plans for student bike registration, which is slated to commence soon. She announced that 20000 Bikes Scheme would be provided to students through interest-free monthly installments, with the government offering subsidies to facilitate easy access.
Clarifications were provided regarding installment plans, with monthly payments for petrol bikes set to be below 5,000 and those for electric bikes below 10,000. This transparent approach aims to ensure affordability and accessibility for students from diverse economic backgrounds.
Commencement of Bike Delivery
It was announced that 20,000 New Bikes Scheme Registration would commence in the same month following a lottery scheduled for May, marking a swift implementation of the project. This timely delivery underscores the government’s commitment to expediting the process and ensuring that students can benefit from the initiative at the earliest opportunity.
The launch of Punjab’s 20,000 New Bikes Scheme reflects the government’s commitment to promoting accessibility and mobility among students while advancing sustainable transportation solutions. Under the visionary leadership of Chief Minister Maryam Nawaz Sharif, this initiative holds the promise of transforming the transportation landscape in Punjab and fostering a greener, more inclusive future.
