So far, 28.8 million people have already applied for the 5,000 baht/month cash subsidies, under the “Rao Mai Thing Kan” (We Do Not Leave You Behind) scheme.

But only 13.4 million have passed the qualification screening, leaving thousands queuing in lengthy lines as they wait to file complaints.

Of those eligible, 11 million have had the subsidy wired into their bank accounts already, with the remaining 2.4 million to receive their first payment next week, according to Mr. Lawan Saengsanit, spokesman for the Finance Ministry.

In 2018, there were about 21.2 million informal and 17.1 million formal workers. Besides agriculture, with a 92% informality rate, jobs in commerce have the second highest rate of informality at 60%, according to the World Bank.

Cash subsidy to 10 million registered farmers

Starting today, another government’s financial aid of 5,000 baht per farm household for three months, will be distributed through the Bank for Agriculture and Agricultural Cooperatives (BAAC).

Eligible recipients include farmers who have registered with the Department of Agricultural Extension, the Department of Fisheries and the Department of Livestock Development, and newly registered farmers.

However, they must not be associated with the government’s 5,000-baht cash handout for workers affected by the COVID-19 crisis.

​In March 2020, the Thai economy contracted at a higher rate than the previous month, said last week the Bank of Thailand in a press release.

The COVID-19 outbreak affected economic activities more severely in all aspects, said the Bank of Thailand. In particular, the tourism sector severely contracted because of international travel restriction measures in many countries including Thailand.

About the author

Bangkok Correspondent at Siam News Network

Bangkok Correspondent for Siam News Network. Editor at Thailand Business News

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

FDI Drive Thailand’s Investment Up 59% says BOI

Japan once again topped the list of FDI source countries with a combined investment value of 80.7 billion baht for 178 projects, followed by China with 38.6 billion baht in investment pledges for 112 projects, and Singapore with 29.7 billion baht for 96 projects.

Thailand’s GDP rebounds in Q4 but recovery still lagging its peers

Oxford Economic expects economic momentum to improve further in 2022, with GDP rising by an above-consensus 5.1%. However, Oxford Economics expects the policy rate to remain at 0.5% until Q1 2023 as Thailand’s stunted recovery and a partial recovery in tourism still warrants an accommodative stance.