{"id":72935,"date":"2024-03-19T11:07:07","date_gmt":"2024-03-19T11:07:07","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/punjab-announces-electric-bike-scheme-launch-date-and-installment-plans\/"},"modified":"2024-03-19T11:07:07","modified_gmt":"2024-03-19T11:07:07","slug":"punjab-announces-electric-bike-scheme-launch-date-and-installment-plans","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/punjab-announces-electric-bike-scheme-launch-date-and-installment-plans\/","title":{"rendered":"Punjab Announces Electric Bike Scheme Launch Date and Installment Plans"},"content":{"rendered":"<div>\n<figure class=\"featuredimg\">\n <\/p>\n<p class=\"captionimg\">Punjab Announces Electric Bike Scheme Launch Date and Installment Plans<\/p>\n<\/figure>\n<\/div>\n<div>\n<ul>\n<li>Electric bike scheme has been initiated.<\/li>\n<li>Bikes will be offered to the public via interest-free loans.<\/li>\n<li>More than 20,000 bikes will be provided.<\/li>\n<\/ul>\n<p>The Punjab officials have been granted approval by Chief Minister Maryam Nawaz Sharif to initiate the installment-based electric bikes program for students.<\/p>\n<p>A plan was formulated in a meeting held in Lahore, where the provincial administration decided to provide more than 20,000 electric and petrol motorbikes to the public via interest-free loans.<\/p>\n<p>The meeting, which was also attended by former Prime Minister Nawaz Sharif, focused on improving the transportation facilities for students throughout the province.<\/p>\n<p>The possibility of introducing hybrid bus services for students was also discussed during the meeting.<\/p>\n<p><strong>Total Number of Bikes<\/strong><\/p>\n<p>The provincial government plans to distribute a total of 20,000 <a href=\"https:\/\/www.bolnews.com\/business\/2024\/01\/siwa-industries-launches-aima-electric-bikes-in-pakistan\/\">bikes<\/a> to students, which includes 1,000 e-bikes and 19,000 petrol bikes. It\u2019s worth noting that students will not be required to pay any interest on their monthly installments.<\/p>\n<p><strong>Monthly Installment<\/strong><\/p>\n<p>The Punjab government has collaborated with the Bank of Punjab (BOP) for the bike distribution. The monthly installments for e-bikes and petrol bikes have been fixed at Rs. 10,000 and Rs. 5,000, respectively.<\/p>\n<p><strong>Delivery of Bikes<\/strong><\/p>\n<p>The provincial government, under the leadership of the Pakistan Muslim League Nawaz (PML-N), has planned a draw in May this year to maintain transparency in the scheme.<\/p>\n<p><strong>Quota<\/strong><\/p>\n<p>In urban regions, the quota will be equally divided, with 50% allocated for male students and 50% for female students. However, in rural areas, the quota will be split as 70% for male students and 30% for female students.<\/p>\n<div class=\"alsoread\">\n<h4 class=\"text-uppercase mb-10 mt-20 fs-18\">Also Read<\/h4>\n<div class=\"post-box sty22\">\n<div class=\"post-frame js-ratioHtP\"><img decoding=\"async\" src=\"https:\/\/www.bolnews.com\/wp-content\/uploads\/2024\/02\/FotoJet-58-254x144.jpg\" alt=\"Yadea Launches 2 New Electric Bikes in Pakistan\"\/><\/div>\n<div class=\"post-content\">\n<h5 class=\"title\">Yadea Launches 2 New Electric Bikes in Pakistan<\/h5>\n<p>Chinese electric bike manufacturer Yadea has introduced two new electric models in&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.bolnews.com\/business\/2024\/02\/yadea-launches-2-new-electric-bikes-in-pakistan\/\" class=\"post-link\"\/><\/div>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Punjab Announces Electric Bike Scheme Launch Date and Installment Plans Electric bike scheme has been initiated. Bikes will be offered to the public via interest-free loans. More than 20,000 bikes will be provided. The Punjab officials have been granted approval by Chief Minister Maryam Nawaz Sharif to initiate the installment-based electric bikes program for students. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":72936,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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15:55:52","updated":"2025-06-08 19:33:04","seo_analyzer_scan_date":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/pakistaninewspaperlist.com\/news\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/pakistaninewspaperlist.com\/news\/category\/top-news\/\" title=\"Top News\">Top News<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\tPunjab Announces Electric Bike Scheme Launch Date and Installment Plans\n\t\t<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/pakistaninewspaperlist.com\/news"},{"label":"Top News","link":"https:\/\/pakistaninewspaperlist.com\/news\/category\/top-news\/"},{"label":"Punjab Announces Electric Bike Scheme Launch Date and Installment 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