Thursday, September 23, 2021

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Krungthai Bank ready to register new participants for second phase of shopping subsidy scheme


Registration for an additional 5 million beneficiaries under the second phase of the subsidised shopping scheme will open on December 16.

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Intetested people can register from 6am to 11pm via website, Krungthai Bank said on Saturday.

The Cabinet approved the second phase of the Khon La Khrueng (Let's Go Halves) subsidised shopping scheme on Tuesday.

The government's co-payment stimulus scheme will be expanded to cover 15 million Thais from the original 10 million. Those who had registered previously do nit need to re-register for the extended scheme.

Until March 31, the government will pay 50 per cent of each shopper’s bill for food, drinks and general goods up to Bt150 per day. The cap on total subsidy per person for the whole period has been raised from Bt,3,000 to Bt3,500.

The total budget for both phases of the scheme is Bt22.5 billion, aiming to generate spending of Bt45 billion.

Each phase is designed to increase the country's gross domestic product by 0.32 per cent by injecting up to Bt105 billion into the economy.

Published : December 12, 2020

By : The Nation