Government of Punjab in collaboration with Bank of Punjab has announced an innovative initiative to facilitate the students on their education journey with accessible, low cost transportation. The [Punjab Electric Bike Scheme Announced For Students] scheme endeavors to make travelling to and from schools/to educational sites less cumbersome for children, saving youngsters time, as well effort and finance.
Punjab Electric Bike Scheme Announced For Students
The program will equip students through affordable electric and petrol bikes and makes an attempt for transforming their lives for a brighter future making way for regular school and good academic performance. The program is a big subsidy and a pay-the-government back loan, aimed to help thousands of students throughout the province.
Electric Bikes
- Total: 1,000
- For Male Students: 700
- For Female Students: 300
- Phase 1 1st Round: Faisalabad, Multan, Bahawalpur, Rawalpindi, Lahore.
Petrol Bikes
- Total: 19,000
- For Male Students: 11,676
- For Female Students: 7,324
- Government Subsidy
Both these e-bike styles enable students to manage their own logistics, and the Punjab Government is offering a subsidy of Rs 1 billion for this purpose.
Eligibility Criteria
This program is a great initiative by which over 800,000 students across Punjab will be benefited. Students are eligible, if they satisfy the following criteria:
- Be over 18 years old.
- Regular student of a degree college or university recognized by the Higher Education Commission (HEC).
- Have a motorcycle learner’s permit or driving license.
- If this reaches more than the allocations available, then an electronic draw will be held to ensure a fairness.
Read more on the same: FAQs
Which are the eligible candidates?
Only Regular Students of the universities/degree awarding institutions (recognized by the HEC) are eligible to apply. His or her educational institution will verify student’s status.
How can students apply?
The only way to apply is through the EEA and Norwegian Financial Mechanisms—essentially an online application system located at www. bikes. punjab. gov.pk. Physical applications will not be accepted.
What kinds of bikes are there?
E-Bikes or P-Bikes The portal also has detailed information on the different bike models The students can make a choice from various available models.
Could students alter their plans after applying?
Students can switch their bike choice until April 29, 2024.
Can girls apply for petrol bikes?
Types: 1)E-Bikes – Scootie Evervee, 2) E-Bikes – Pom Pom Pedal, 3) P-Bikes- Scootie Evervee, 4) P-Bikes – Pom Pom Pedal, 5) Scootie Evervee (motorbike version), 6) Pom Pom Pedal (motorbike version) Female students can only apply One adroups.
Do you need a driving license?
All the applicants should have a driving license or a learner’s permit for motorcycles irrespective to gender of the applicant.
Is it possible for a student to apply for both E-Bike and Petrol-Bike?
Answer: Students cannot apply for different bike categories.
Can I pay in installments?
Bank of Punjab will offer an easy installment plan to each of the successful applicant. The plan is obligatory to hold by students but the repayment can be made earlier if the student wants.
Is the price being offered inclusive of the registration cost?
Demo: demo with caveat – Registration fee not included However, this insurance cost is included in the monthly payment/installation plan.
Whether brother/sister application is allowed in this scheme?
A: Yes, siblings can apply, and when more than one sibling gets selected, one sibling will be successful balled and get the bike.
What after e-balloting?
Financial Assessment of Guarantor/Co-Borrower of The Bank of Punjab Bikes will only be issued to those who pass this test.
What is the procedure for Balloting?
The balloting is electronically done by Punjab Information Technology Board (PITB)
How are quotas allocated?
E-Bike Quotas are divided among gender and city, and P-Bike Quotas are divided among district population
Does it have a Grievance Redressal Mechanism?
Yes, the students have the facility to register a complaint online through the web portal.
Can any student apply who study in Virtual university?
You will need to be a regular student who attends a university (an actual campus) on a daily basis, otherwise no;
How much can a bike cost?
The finance cap is Rs. 250,000 for E-Bikes and Rs. 150,000 for P-Bikes. If a bike is more than $750, then the student must cover the difference upfront.
Can public funds be poured into it?
Yes, and that a subsidy of approximately Rs. 1 billion by the government to provide the 30% cover of upfront equity and the entire loan mark-ups.
Is there a hotline instead?
HAC will be available through email communications only for linking IBANs to Bank of Punjab and you can get your queries addressed to Bank of Punjab helpline 042-111-333-267 and yes; students can contact The Bank of Punjab helpline at 042-111-333-267 for any type of query. Moreover, for any questions, students can also email at [email protected].
How will other students hear about the status of their applications?
All the Students will receive a message by The Bank of Punjab along with Voice call regarding their Application and the procedure to next steps
Conclusion
So this collaboration between the Government of Punjab and the Bank of Punjab is bright opportunity for the Students who want to travel from their house to universities by their own. Subsidized bikes are helping students concentrate on their reduce their f(b) instead of on making the long commute to school. In case students need to know more about it or they need any help, they can call at the helpline of 042-111-333267 or email at [email protected].
One Comment