The Punjab government has announced a major expansion of its electric bike (e-bike) scheme, under which 100,000 e-bikes will be distributed to students across the province within one year.
The decision was made during a meeting of the Transport and Mass Transit Department chaired by Chief Minister Maryam Nawaz. The government will provide a subsidy of Rs. 70,000 for each e-bike to make the scheme more affordable for students.
Under the plan, men students will be required to pay a down payment of Rs. 14,000, while the remaining cost will be payable through interest free monthly installments of Rs. 2,100. Women students, however, will not have to pay the down payment or registration fee, as both costs will be covered by the Punjab government.
They will only be required to pay the interest free monthly installment of Rs. 2,100. The chief minister also directed authorities to introduce easier installment plans to encourage greater participation in the scheme.
The Punjab government has also decided to extend the facility to government employees, who will be able to purchase e-bikes through easy installment plans.
The announcement was made as part of the provincial government’s broader green transport initiative, which also includes the introduction of more electric buses, e-taxis, and electric three wheelers across Punjab. During the meeting, officials also briefed the chief minister on ongoing mass transit projects and the expansion of electric public transport throughout the province.
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