Details Of Punjab Bike Scheme 2024 Balloting

Registration for the Punjab motorcycle program concluded on Wednesday, May 1st, with students currently awaiting the outcome of the draw. As part of the Chief Minister Youth Initiative, the government aims to distribute 19,000 petrol bikes and 1,000 e-bikes through the Bank of Punjab, utilizing an interest-free installment plan.

The provincial government has allocated a subsidy of Rs1 billion for the interest-free bikes. Eligible applicants included students from degree colleges and universities. In Phase 1 of the initiative, regular students from Faisalabad, Multan, Bahawalpur, Rawalpindi, and Lahore will receive motorcycles via government balloting.

Read more: Complete Guide About Applying For CM Punjab Solar Panel Scheme

As of the registration closure, a total of 72,640 applications were received, with 57,366 students applying for petrol motorcycles and 15,274 for e-bikes.