Prime Minister Paetongtarn Shinawatra brought an electrifying energy to Government House on Wednesday as she officially launched the much-anticipated 10,000-baht cash handout scheme. The grand ceremony marked the beginning of a substantial economic stimulus plan designed to give a significant financial boost to millions of Thais. With the roll-out of the first phase, funds are being distributed to 12.4 million state welfare cardholders and 2.1 million disability cardholders through PromptPay, which is linked to their national ID numbers. (Photo: Chanat Katanyu)
The atmosphere was charged with optimism as Prime Minister Paetongtarn Shinawatra revealed the government’s dedication to pushing through with the second and third phases of the economic stimulus scheme. “We are diligently working on developing the payment system for the following phases. The Finance Ministry will share more information soon,” she assured during her vibrant speech to mark the program’s commencement.
“Today is a monumental day for Thailand,” she continued. “With a cash injection surpassing 145 billion baht, we aim to generate an economic whirlwind of opportunity and growth. The 10,000-baht handout isn’t just money; it’s a stepping stone towards unlocking new possibilities for families and individuals. By pooling their receipts, families can bolster their businesses, forging paths to prosperity.”
Ms. Paetongtarn emphasized the government’s commitment to advancing the digital wallet program as a strategy to invigorate the economy and cement the foundation of a future-ready, digital economy. This pivotal move, she noted, will facilitate smoother transactions and ensure greater transparency in financial dealings. “We trust that the recipients will utilize this payment wisely and to its fullest potential. This initiative is just the beginning. We have a slew of measures in the pipeline aimed at stimulating our economy,” she declared with confidence.
Though the initial focus is on helping 12.4 million state welfare cardholders and 2.1 million disability cardholders through PromptPay, the beginning phase encountered some technical hitches. According to Deputy Prime Minister and Finance Minister Pichai Chunhavajira, only about 3.1 million of the intended recipients received their 10,000-baht handout on the first day. The hiccup was largely due to the limitations within the PromptPay payment system. Efforts are underway to streamline the process and ensure that no one is left out.
Unfortunately, there remain over 1 million welfare cardholders who haven’t linked their national ID numbers to PromptPay. The government urges these individuals to complete the linkage by the end of the year to successfully receive their handouts. For disabled individuals in particular, the existing payment system remains in use for their monthly state assistance.
Overall, the launch of the 10,000-baht cash handout scheme is seen as a pivotal move for the Thai economy. It’s not just an economic stimulus; it’s a beacon of hope and a proactive step towards fostering a more resilient, inclusive, and digitally-forward Thailand.
This cash handout sounds like a desperate attempt to win votes. Is this really an economic plan or just a populist move?
I disagree. Many families are struggling, and this handout provides immediate relief. Sometimes, quick action is needed over long-term plans.
Immediate relief is good, but what about sustainability? Will this create lasting economic change, or just a temporary fix?
Exactly, Saengdao! Long-term solutions are what we need. Handouts are just temporary band-aids.
It’s encouraging to see tech being used for these disbursements. Digital wallets can increase financial inclusion for the poor.
True, but what happens when systems fail like we saw on the first day? Is it really reliable?
Teething problems are expected with any new system. The key is how quickly and effectively these issues are resolved.
Tech hiccups are inevitable, but they shouldn’t undermine the potential benefits. Give it time.
This program doesn’t address the root causes of poverty. Money management education should accompany these handouts.
Absolutely. Financial literacy is crucial for making the most out of these funds. Schools should integrate such education into their curriculum too.
What’s the use of education when there’s no money to manage? First things first, let them get through today.
It’s about creating a balance, Narong. Immediate help is necessary, but so is equipping people for long-term stability.
Over 1 million people haven’t linked their IDs to PromptPay yet. If they don’t, they’ll miss out on this aid! The govt needs a better outreach strategy.
Outreach and awareness campaigns are vital. Without them, the intended benefits won’t reach the most needy.
I think the digital wallet initiative is a great step towards modernization. Thailand needs to keep up with global financial technology trends.
Modernization is important, but the elderly and rural communities might face difficulties adapting to such changes.
Exactly. Traditional methods should also be maintained for those who can’t easily transition to digital platforms.
Bribery, plain and simple. This scheme is clearly aimed at securing votes for the next election.
People are so quick to judge! This might actually help those in need.
Helping is fine, but the timing and scale scream political strategy.
This scheme will definitely help my small business recover, but for how long? We need solid business support plans.
I hear you. Small businesses are the backbone of our economy. Long-term policies are essential for sustained growth.
I just collected my 10,000 baht today. It feels good to get some immediate relief. Thank you, PM!
Wonderful! I hope everyone else gets their handouts soon. This will boost local spending.
Why not invest in healthcare and education more? Handouts are temporary; those sectors build lifelong value.
Great point. Better healthcare and education are keys to sustainable development.
Handouts are needed immediately; reforms in healthcare and education take time. Balance is necessary.
Will this cash injection really provide the economic whirlwind promised, or is this another political exaggeration?
Hope it works as planned. The people truly need some light during these tough times.