13-15m low-income earners will benefit
At least 48 billion baht will be invested to subsidise the following round of the state welfare card task for low-income earners as the government offers approved additional procedures to ease people’s residing costs amid rising prices.
Deputy Finance Ressortchef (umgangssprachlich) Santi Promphat said on Tuesday the particular ministry will open up a new round of registration for state welfare to low-income earners from September 5 to April 19.
“The number of low-income earners eligible for condition welfare and financial aid is estimated to be around 13 million to 15 mil, and a budget of at least 48 billion baht is being earmarked for the scheme, inch he said.
Mr Santi said the number of participants is expected to increase slightly because the Covid-19 pandemic is easing and the country is now fully open to international visitors.
Currently there are thirteen. 34 million condition welfare cardholders who seem to receive a monthly payment of 300 baht if their annual income is below 30, 000 baht, or 200 baht if their annual income will be between 30, 000 and 100, 000 baht. They can get another 500 baht per month to cover the expenses of using general public transport.
The Finance Ministry does not decide the number of participants and whether they participate depends on their own eligibility, according to Mr Santi.
He said the particular ministry has modified the eligibility criteria for this round to incorporate family income, which must not exceed a hundred, 000 baht.
Low-income earners can register with the Bank of Agriculture and Agricultural Cooperatives, Government Savings Financial institution, Krung Thai Bank or provincial monetary offices across the country.
In this round, the ministry will connect with more than 40 state agencies, including financial institutions and the Land Department, via an online channel so it may verify registrants’ skills, he said.
Those in whose applications are turned down can appeal and a new round of state welfare designed for low-income earners will be expected to be implemented next February, this individual said, adding that will current cardholders could use the cards.
Meanwhile, the cabinet has accepted a 90% decrease in the annual automobile tax for taxis, motorcycle taxis and tuk-tuks to help cushioning the impact associated with rising fuel prices.
The particular cut, which was announced by Prime Minister Prayut Chan-o-cha upon Tuesday after the weekly cabinet meeting, is supposed to alleviate the economic hardship of the motorists of around 270, 000 cabs, tuk-tuk taxis and motorcycle taxis registered in the land.
He or she said the annual vehicle tax reduce will be effective for that next fiscal calendar year which starts upon Oct 1 and ends on September 30 next year. Beneath the new rates, cabs and tuk-tuks can pay 68. 50 baht and 18. fifty in tax, respectively.
The particular cabinet has also authorized an extension of the “EXIM Biz Transformation Loan” to boost the liquidity of small plus medium-sized enterprises (SMEs), according to the premier.
Last October the cabinet authorized the state-owned Export-Import Bank of Asia (Exim Bank) increasing 5 billion baht in loans in order to entrepreneurs to update their machinery and improve software.
The scheme, which offers a low-interest rate of 2% per annum in the first two years and with a credit line of up to one hundred million baht per entrepreneur, was planned to end this This summer.
Style Prayut said the cabinet has authorized an one-year expansion so the loan system, which covers entrepreneurs of all sizes including those in new target industries, can end next 06.
The particular cabinet has also allocated 510 million baht to rehabilitate the particular country’s shrimp business, he said.
The accepted budget can be spent to support the shrimp processing sector or subsidise product enhancement, to help maintain Thai shrimp exports globally market, he additional.