Punjab Chief Minister's Bike Scheme Winners Revealed

The e-voting process for the Punjab Chief Minister's Bike Scheme has concluded, revealing the names of the lucky winners. Students are now eagerly anticipating details on how they can claim their petrol and electric bikes. In the initial phase, a total of 19,000 petrol motorcycles and 1,000 electric bikes will be distributed to students through a random selection process, with a specific allocation for female students.

Out of the 19,000 petrol motorcycles, 11,676 are designated for male students, while the remaining 7,324 will be given to female students. Regarding the 1,000 electric bikes, 700 have been set aside for male students and 300 for female students. Following the winner announcement, the Bank of Punjab (BOP) will conduct a thorough financial assessment of the guarantor and co-borrower to determine eligibility for bike reception.

Upon receiving the down payment, the bike delivery process will kick off. The vendor or dealership will either book the bike or provide its chassis and engine numbers for insurance purposes. Subsequently, the bank will facilitate the insurance process and issue a delivery order for bike collection. Sources suggest that the bike distribution is expected to commence before the upcoming budget, although the exact date is yet to be officially confirmed by provincial authorities.

The Punjab Chief Minister's Bike Scheme has reached an exciting phase with the announcement of the winners. Students eagerly await the distribution of petrol and electric bikes, marking a significant step towards enhancing mobility and accessibility for the youth in Punjab. Stay tuned for further updates on this impactful initiative!