Punjab Bikes Scheme 2024: E-Balloting Results and Delivery Details

Overview of the Punjab Bikes Scheme 2024

The Punjab Bikes Scheme 2024 held its e-balloting last week, and the government has now published the list of selected candidates. This initiative aims to support eligible students across Faisalabad, Multan, Bahawalpur, Rawalpindi, and Lahore by providing them with petrol and electric bikes.

Application Statistics

The scheme received a total of 72,640 applications from students in various regions:

• Petrol Bikes: 57,370 applications
• Electric Bikes: 15,270 applications

Distribution of Bikes

Petrol Bikes Distribution

Under the scheme, 19,000 petrol motorcycles will be distributed. The allocation is as follows:

• Male Students: 11,676 bikes
• Female Students: 7,324 bikes

Electric Bikes Distribution

Additionally, 1,000 electric bikes will be distributed. The allocation is:

• Male Students: 700 bikes
• Female Students: 300 bikes

Post-Balloting Process

Financial Scrutiny

Following the e-balloting, the Bank of Punjab (BOP) will conduct financial scrutiny of the guarantor or co-borrower. According to an official statement:

“During this post-balloting scrutiny, BOP may request additional documentation. Only those students who pass the BOP’s scrutiny will be confirmed as successful recipients of the bikes. Applicants must provide the necessary documentation along with their online application for this purpose.”

Bike Delivery Process

Booking and Insurance

Once the payment is received by the vendor or dealership, the bike will be booked, or if available, its chassis and engine numbers will be sent to BOP for insurance purposes. After insurance is arranged, BOP will issue a delivery order to the dealership.

Read Also: Punjab Government Launches Chief Minister’s Youth Initiative: 20,000 Motorcycles for Students

Collection of Bikes

The delivery order will be handed over to the student, who can then collect their bike from the dealership.

Delivery Date

The Punjab government has not yet announced the official delivery date for the bikes. However, it is anticipated that deliveries will commence before the budget for the fiscal year 2024–25, once all procedures by the Bank of Punjab are completed.

Stay tuned for further updates on the delivery schedule and ensure all necessary documentation is ready to expedite the process.