PM explains funding of digital wallet scheme

1 Oct 08:33 Key points summarised by AI

Prime Minister Srettha Thavisin announced a revised digital wallet scheme, offering a 10,000 baht one-time cash benefit to approximately 50 million Thais aged 16+ with specific income (<Bt70,000/month) and bank deposit (<Bt500,000) thresholds, expected by May next year.
The scheme, costing around 500 billion baht, will be funded through government loans via a new loan bill, ensuring legitimacy and a ten-year repayment period.
The 10,000 baht is restricted to purchasing consumer goods from registered local shops, must be spent within six months, and cannot be exchanged for cash, used online, for services, or transferred.
The government emphasizes the scheme's purpose is to stimulate the economy and boost GDP through direct consumer spending, not to function as a welfare fund for the poor.

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.