Handout to create ‘economic whirlwind’

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In: South-East Asia

PUBLISHED: 26 Sep 2024 at 04: 22

Prime Minister Paetongtarn Shinawatra officially kicks off the 10,000-baht cash handout scheme during a launch ceremony on Wednesday. The first phase of the plan prioritises the distribution of funds to 12.4 million state welfare cardholders and 2.1 million disability cardholders via PromptPay, linked to their national ID numbers. (Photo: Chanat Katanyu)
During a release meeting on Wednesday, Prime Minister Paetongtarn Shinawatra actually launches the 10, 000-baht money handout plan. Prioritizing the distribution of funds through PromptPay to 12.4 million condition security cardholders and 2.1 million disability cardholders in accordance with their national identification numbers is the first phase of the plan. ( Photo: Chanat Katanyu )

After yesterday’s official release of the first phase of the government’s monetary stimulus program, the government has pledged to continue with the second and third stages of the program.

The second and third aspects of the payment method are being developed. At a press conference on Wednesday to tag the program’s start at Government House, Prime Minister Paetongtarn Shinawatra stated that the finance ministry would give information later. P

” Today, money will be in the arms of Thais. A cash infusion of more than 145 billion baht will make a big financial whirlwind”, she said.

” The 10, 000-baht handbook will produce new opportunities for people. Each family member who receives the transaction has the option of combining their funds to grow their company.

Ms. Paetongtarn added that the government will continue funding the digital wallet initiative to revitalize the sector and lay the groundwork for a modern economy that may facilitate transactions and promote greater transparency.

The consumers will make the most of the transaction, the government predicts. More steps will become rolled out to promote the economy”, she said.

PromptPay, which is linked to their national ID figures, gives priority to the distribution of funds to 12.4 million position security users and 2.1 million illness customers.

However, only about 3.1 million security card holders and those who are disabled, out of a full of 14.5 million, were given their 10,000-baht gift yesterday according to PromptPay payment system restrictions, according to Deputy Prime Minister and Finance Minister Pichai Chunhavajira.

More than 11 million position security users have connected PromptPay to their identification numbers, leaving over 1 million more people in this group without a payment method.

Existing payment methods are used to pay handicapped people for regular state aid. By the end of the year, state security users have been urged to link their regional identification numbers to PromptPay in order to get the 10, 000-baht flyer.