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Punjab Scraps Down Payment for Student E-Bike Scheme, Sets Rs. 3,000 Installment

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At a glance

  • Punjab government removes down payment for its student e-bike scheme.
  • Monthly installments are set at approximately Rs. 3,000.
  • The government will cover all interest and insurance costs for over 125,000 bikes.

Story so far

As part of its "Year of Youth" agenda, the Punjab government has launched an initiative to provide affordable, environmentally friendly transport to students. The latest development is a major revision of the e-bike scheme, making it significantly more accessible by removing the down payment requirement and having the government cover interest and insurance costs. The monthly installment for over 125,000 students will now be just Rs. 3,000.

Latest development

Punjab Chief Minister Maryam Nawaz has approved a revised e-bike scheme for students, eliminating the upfront down payment and setting monthly installments at around Rs. 3,000. The government will also absorb all interest and insurance costs.

Sources and updates

Usama MehboobUsama MehboobEditor
Categories: Education and Learning
Tags: , , ,

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