Govt may omit "rich" people from digital wallet scheme : Julapun

1 Oct 08:17 Key points summarised by AI

Thailand's digital wallet scheme is likely to be downsized, with Deputy Finance Minister Julapun Amornvivat announcing that "rich" individuals will be excluded from receiving the one-time 10,000 baht token.
A sub-committee has proposed three options to define eligibility, ranging from limiting the scheme to 15-16 million low-income earners to excluding those earning over Bt25,000 or Bt50,000 per month, or with bank balances exceeding Bt100,000 or Bt500,000.
This revised approach addresses earlier criticisms of the original universal scheme, which would have cost 560 billion baht, by adopting a more selective and targeted distribution method.
The proposed options will be submitted to the Prime Minister for consideration next week, with the scheme now anticipated to launch in April or May, later than the initially speculated February timeline.

New home loan scheme aims to boost property sector with Bt125 billion

Yesterday 11:38 Key points summarised by AI

The Cabinet approved a new Bt50-billion 'A House for Each PLUS' home loan scheme from the Government Housing Bank, offering up to Bt3 million with 40-year repayment terms for low- and middle-income earners.
This initiative aims to significantly boost the property sector and national economy, projecting to generate Bt125 billion in economic activity and create jobs.