Punjab e-bike scheme 2026 new phase: Check down payment, monthly installment

LAHORE – Punjab Chief Minister Maryam Nawaz Sharif has decided to relaunch an e-bike initiative for young students, offering electric bikes through affordable installment plans. The decision was taken during a meeting of the Transport and Mass Transit Department chaired by the chief minister. Under the programme, 100,000 e-bikes will be provided to students within a year, while the Punjab government will offer financial support on each bike. Monthly Installment Students will be able to obtain e-bikes by paying a monthly installment of only Rs2,100. The installment plan will be interest-free and designed to make the scheme more accessible for young students. Down Payment Students applying for the e-bike scheme will be required to pay an initial down payment of Rs14,000. The chief minister will personally cover the down payment and registration charges for female students. Subsidy Amount The Punjab government will provide a subsidy of Rs70,000 on each e-bike under the scheme to reduce the financial burden on students. The meeting was also informed that government employees in Punjab will be eligible to acquire e-bikes through easy installment plans. During the session, officials also highlighted progress toward establishing an electric bus manufacturing industry in Punjab. An assembly plant has started operations, marking a shift from only operating buses to manufacturing them locally. The province plans to introduce 1,500 buses across 91 tehsils in divisions including Gujranwala, Gujrat, Rawalpindi, Multan, Sahiwal, Bahawalpur, Dera Ghazi Khan, Faisalabad and Sargodha.