LAHORE: Punjab Chief Minister Maryam Nawaz Sharif has announced that applications for the CM Electric Bike Scheme will open on Friday, with more than 125,000 electric bikes to be provided to students across the province on zero down payment.
Students will pay monthly instalments of around Rs3,000 under the scheme, which is open to those enrolled in both public and private educational institutions.
The chief minister said the electric bikes would help students reduce daily travel costs and reliance on fuel. The bikes will be available in black for male students and pink for female students.
According to official briefings after a meeting chaired by the chief minister, the Punjab government will bear the interest and insurance costs under the scheme. Eligible students are expected to receive their bikes within six weeks of approval.
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The government will also provide helmets and safety rods free of cost. The bikes will be equipped with lithium iron phosphate batteries, while students will receive free two-day training in riding the vehicles.
The Chief Minister ordered the online application portal to be activated this week.
The scheme forms part of the provincial government’s broader focus on youth mobility and cleaner transport. In-principle approval has also been granted to extend the facility to government employees, provincial departments, and delivery riders in subsequent phases.
Earlier student motorcycle schemes in Punjab offered subsidies with different down-payment and instalment arrangements. The latest scheme removes the down-payment requirement for eligible students.
