The PM Bike Scheme 2024 is a groundbreaking initiative by the Government of Punjab, aimed at providing affordable and accessible transportation to students across the province.
Under this scheme, students can own their bikes through an easy installment plan.
Whether you’re a male or female student, this scheme has something for everyone. Let’s dive into the details!
The PM Bike Scheme 2024 is a student-friendly initiative in collaboration with the Bank of Punjab. It offers a total of 20,000 motorcycles, including both petrol bikes and electric bikes. Here’s the breakdown:
- Petrol Bikes: 11,676 for male students and 7,324 for female students.
- Electric Bikes: 1,000 in total, with 700 for male students and 300 for female students.
Eligibility Criteria
To participate in the scheme, students must meet the following criteria:
- Be over 18 years of age.
- Be a regular student of a Degree College or University recognized by the Higher Education Commission (HEC).
- Hold a valid motorcycle Learner’s Permit or Driving License.
Also Check : E bike Scheme 2024 Pakistan
Application Process
Applying for the PM Bike Scheme 2024 is straightforward. Students can register online through the official web portal. The deadline for applications is April 29.
Installment Plans
- E-Bikes: Down payment of Rs. 25,000, followed by monthly installments of Rs. 10,000.
- Petrol Bikes: Down payment of Rs. 25,000, followed by monthly installments of Rs. 5,000
Post-Balloting Scrutiny
In case of excess applications, e-balloting will be conducted. Students can check their application status after the balloting process.
Quota Allocation
The scheme ensures a fair distribution of bikes:
- Male vs. Female Students: Quotas are allocated based on gender.
- Punjab vs. Outside Punjab Students: Quotas are also divided geographically.
FAQs (Frequently Asked Questions)
Here are answers to common queries:
- Who is eligible to apply? Any regular student meeting the criteria can apply.
- Can a student apply through means other than the web portal? No, applications are accepted only through the web portal.
- What types of bikes are offered? Petrol bikes and electric bikes.
- Can I change my bike choice after submitting the application? No, the choice is final.
- Is a driving license required for female students too? Yes, it’s mandatory.
- Can I apply for two bikes? No, only one bike per student.
- Is customization of the installment plan possible? No, the plans are fixed.
- Is the registration cost included in the price? No, it’s separate
Conclusion
The PM Bike Scheme 2024 is a game-changer for students, providing them with affordable mobility. Apply now and ride towards a brighter future!