CM Maryam Nawaz Punjab Bike Scheme
If you had recently registered in the Punjab Bike Scheme provided by Chief Minister Punjab Maryam Nawaz, then the good news for you is that today Chief Minister Punjab Maryam Nawaz has started the distribution of the Punjab Bike Scheme. If your name also comes to the list of lucky people who have been named in the Punjab bike scheme, then you will be provided with a bike by Maryam Nawaz very soon.
In this regard, Chief Minister Punjab Maryam Nawaz is visiting various universities and distributing bikes to university students who have completed registration in the Punjab Bike Scheme. Now in this article, we will provide you with all the information about the distribution of the Punjab bike scheme provided by Chief Minister Punjab Maryam Nawaz so stay connected with the article and read the article completely.
Distribution Process of Punjab Bike Scheme
In the Punjab Bike Scheme provided by the Government of Punjab, students will be able to get bikes up through their university. Chief Minister Punjab Maryam Nawaz has started visiting various universities where the students allocated for the Punjab bike scheme will be provided bikes by Chief Minister Punjab Maryam Nawaz. If your name has also appeared in the balloting results of the Punjab Bike Scheme, then you will soon get a bike from Chief Minister Punjab Maryam Nawaz, which you will be able to use for going to your universities and other needs.
Also, read Punjab Bike Scheme Distribution Date and Complete Process 2024
In this regard, Chief Minister Punjab is affiliated with the Bank of Punjab, through whose assistance these bikes are being distributed to you. It should be noted that these bikes are being provided in monthly installments for which you will have to pay the installments every month.
Monthly Repayment Schedule of Punjab Bike Scheme
If you benefit from the Punjab Bike Scheme provided by the Punjab Government, then you have to pay the amount to the Punjab Government in monthly installments for two years. In these two years, you will have to pay only Rs 5,104 as the principal amount in the first year, while in the second year, you will have to pay the insurance amount along with the principal amount.
Also, read How To Check Eligibility Status In Punjab Bike Scheme
The principal amount is Rs 5,104 while the insurance amount is Rs1,313, which means you will have to pay a total of Rs 6,417 in the second year. Apart from this amount, you will also have to pay Rs 63,500 in advance to the Punjab government. This amount is required by the Government of Punjab as your insurance to ensure that you are interested in availing of the Punjab Bike Scheme provided by the Government of Punjab.
For your further convenience, the monthly repayment schedule is also being provided below to you:
Balloting Results of the Punjab Bike Scheme
If you applied to the Punjab bike scheme provided by the Punjab government, then you must be curious to know whether you will be provided a bike by the Punjab government or not. In this regard, the Punjab government has announced the balloting results through which you can know whether you will be provided a bike by the Punjab government or not.
Check your Balloting Result by clicking on the given button:
Frequently Ask Questions (FAQs)
Where can I get the bikes provided by Punjab Govt?
You can get the bikes provided by the Punjab government from your university.
How many bikes are being provided by the Punjab government?
20,000 Bikes are being provided by the Punjab government, of which 19,000 are petrol bikes while 1,000 are electric bikes.
Can women also get a bike from the Maryam Nawaz Bike Scheme provided by the Punjab Government?
Yes, a specific quota has been kept for women in the Maryam Nawaz bike scheme provided by the Punjab government. According to this quota, Punjab bikes will also be distributed among women.
Also, read Common Questions Asked About Punjab Bike Scheme 2024
Final Thought on CM Maryam Nawaz Bike Scheme
If you have also registered in the Maryam Nawaz bike scheme provided by the Punjab government, then the good news for you is that the Chief Minister of Punjab Maryam Nawaz has started the distribution of the Punjab bike scheme. You can get your Punjab Bike from your university. Punjab Chief Minister Maryam Nawaz is visiting various universities and distributing the Punjab bike scheme among the students there.
Also, read Punjab Bike Scheme By Maryam Nawaz Eligible Students List
You can check your eligibility through the blotting result given in the article and you are also told the monthly repayment schedule in the article. If you get a bike from the Punjab government, you will have to pay Rs 5,104 per month in the first year, while in the next year, you will have to pay Rs 6,417 per month. Apart from this, when you get the bike from the Punjab government, you have to pay an amount of Rs 63,500 as an advance.