Deputy Prime Minister and committee chair Yongyuth Wichaidit said some 640,000 Bangkok residents would be entitled for Bt5,000 compensation per family.
Next week the city authorities would start distributing leadlets advising the flood-hit residents on how to apply for the compensation which will paid out by the Government Savings Bank, he said.
In regard to houses destroyed partially or totally by the flooding, the government has yet to map out the compensation guidelines, he said.
For Bangkok residents who live in condominiums surrounded by floodwater and could not travel to work, he said the compensation would not apply.
He said the city administration has a direct responsibility to speed up the drainage of floodwater in the capital.
The central government did not interfere with flood control under the city jurisdiction, he said.
He urged the city authorities to rely on financial and drainage capabilities in doing their job instead of passing the blame to the central government.
“The Bangkok Metropolitan Administration has the funds to buy more pumps,” he said, pointing out that the central government would assist on issues beyond the local capabilities.