20000 Interest Free Punjab Bike Scheme
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Breaking News: 20000 Interest Free Punjab Bike Scheme 2024 for Students

20000 Interest Free Punjab Bike Scheme: The good news for students is that Punjab Chief Minister Maryam Nawaz has approved the Punjab Race Plan. Through this scheme, 20,000 electric and petrol bicycles will be distributed to students in Punjab on an interest-free loan basis. In this article you will get detailed information about the scheme. Here’s how you can benefit from this scheme. This article will provide complete installation details.

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20000 Interest Free Punjab Bike Scheme

طلباء کے لیے اچھی خبر یہ ہے کہ وزیر اعلیٰ پنجاب مریم نواز نے پنجاب ریس پلان کی منظوری دے دی ہے۔ اس سکیم کے ذریعے پنجاب میں طلباء کو 20,000 الیکٹرک اور پیٹرول سائیکلیں بلا سود قرض کی بنیاد پر تقسیم کی جائیں گی۔ اس مضمون میں آپ کو اسکیم کے بارے میں تفصیلی معلومات ملیں گی۔ اس اسکیم سے آپ کیسے فائدہ اٹھا سکتے ہیں یہ یہاں ہے۔ یہ مضمون مکمل تنصیب کی تفصیلات فراہم کرے گا۔

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Total Number of Bikes

Let me tell you that in this plan, the Punjab government will distribute 20 thousand bicycles among students. This includes 1,000 electric bikes and 19,000 petrol bikes. It should be noted here that under the special instructions of the Punjab Chief Minister, the interest will not be paid to the students in monthly payments, but the interest will be paid by the Punjab government itself.

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Monthly Installment

For those students who want to know about the plans of the department, let me tell you that a partnership has been established with the Bank of Punjab on behalf of the Government of Punjab. To give maximum discount to students, electric bikes have been fixed at Rs 10,000 and petrol bikes at Rs 5,000. The purpose of the low fees is to give students maximum flexibility to continue their studies.

20000 Interest Free Punjab Bike Scheme

وہ طلباء جو شعبہ کے منصوبوں کے بارے میں جاننا چاہتے ہیں، میں آپ کو بتاتا چلوں کہ حکومت پنجاب کی جانب سے بینک آف پنجاب کے ساتھ شراکت داری قائم کی گئی ہے۔ طلباء کو زیادہ سے زیادہ ڈسکاؤنٹ دینے کے لیے الیکٹرک بائیکس کی قیمت 10,000 روپے اور پیٹرول بائیکس 5,000 روپے مقرر کی گئی ہے۔ کم فیس کا مقصد طلباء کو اپنی تعلیم جاری رکھنے کے لیے زیادہ سے زیادہ لچک فراہم کرنا ہے۔

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Delivery & Quota

If we talk about delivery and quota, let me tell you that the Punjab government will conduct a lottery of applications submitted by male and female students in May this year. The purpose of the draw is to ensure fairness in the distribution process. But as far as the quota is concerned, bicycles will be distributed equally among male and female students in urban areas by the Punjab government. In rural areas, 70 percent of male students and 30 percent of female students are given.

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Application Procedure of Punjab Bike Scheme

The Punjab government has not yet started the registration process for the scheme; soon, the Punjab government and the Bank of Punjab will start its registration. For which the students will be able to go to the BOP branch and submit their application. The complete procedure for submitting the application will be provided to you shortly, the complete details of which will be available on the same website.

Conclusion:

Punjab Chief Minister Maryam Nawaz was tasked to start delivering the bikes after the polls in May. The plan to provide 20,000 bicycles will make life easier for students. Providing bicycles is a revolutionary initiative of the Prime Minister’s Youth Initiative. In this regard, an agreement was signed between the Ministry of Transport and the Bank of Punjab in the presence of the Chief Minister of Punjab Maryam Nawaz Sharif. On behalf of the Government of Punjab, this initiative aims to reduce the burden of transport on male and female students.

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