Students selected for the second phase of Punjab’s Chief Minister E-Bike Scheme will pay Rs3,028 monthly. The government has introduced a subsidized installment plan to make electric bikes more affordable.
Under the scheme, students will not have to make an initial down payment. The Punjab government will also cover interest and insurance costs. These measures aim to reduce the financial burden on successful applicants.
Selected students will pay the monthly installment over 36 months. At Rs3,028 per month, the total payment will reach Rs109,008 over three years. The second phase aims to provide 100,000 electric bikes to students across Punjab. The initiative is designed to improve access to affordable transportation. It will also support students who need reliable transport for their education.
Over 1.3 million registrations received
The E-Bike Scheme has received significant interest from students across the province. More than 1.3 million registrations were recorded during the application process.
Over 600,000 students also completed their applications. However, only eligible applicants will be considered for the available electric bikes. The Punjab government will select successful applicants through electronic balloting. This process will determine which students receive bikes under the second phase.
The scheme has attracted registrations from students seeking affordable travel options. The high number of applications reflects demand for subsidized transportation.
Bank of Punjab and PITB handling key responsibilities
The Bank of Punjab is managing the financing arrangements for the initiative. It will oversee the financial process linked to the installment plan.
Meanwhile, the Punjab Information Technology Board will conduct the electronic balloting. Its role includes managing the digital selection process for eligible applicants.
The involvement of both institutions covers the scheme’s financial and technical arrangements. The government has assigned separate responsibilities to ensure these processes are managed.
Electric bike distribution to begin in December
Distribution of electric bikes under the second phase is scheduled to begin in December 2026. However, the Punjab government has not announced an exact date for the first deliveries.
Selected students will receive their bikes after the distribution process begins. Further details about delivery arrangements may be announced by the authorities.
In other news read more about Punjab Government Announces Rs10,000 Financial Assistance
The E-Bike Scheme offers students a subsidized payment option over three years. With no down payment and government-covered interest and insurance, the plan reduces initial costs. Students should follow official government announcements for updates. They should also check their application status through the relevant channels.
