Thailands Economic Stimulus Board Approves Third Phase of 10,000 Baht Digital Wallet Distribution
On March 10, 2025, Thailand's Prime Minister Paetongtarn Shinawatra chaired the inaugural meeting of the Economic Stimulus Policy Committee, focusing on strategies to bolster the nation's economy. A significant outcome of this meeting was the approval of the third phase of the digital wallet stimulus scheme, which aims to distribute 10,000 baht to eligible citizens. This phase is designed to inject vitality into the economy while paving the way for a tech-driven future.The government has allocated over 150 billion baht for this phase, targeting approximately 15 million individuals from the over 20 million who have already registered. To ensure a smooth rollout, the committee plans to initiate the program with a pilot group of 3 million people aged 16 and above, focusing on those with the ability to learn and use technology. This approach allows for quick adjustments if issues arise, ensuring readiness before a full-scale implementation. The transfer of funds is expected to begin in the second quarter or at the latest in the third quarter of this year.Eligibility criteria for receiving the 10,000 baht include Thai citizenship, being listed in the household registry, and being aged 16 years or older by the registration deadline of September 15, 2024. Additionally, annual income should not exceed 840,000 baht for the 2023 tax year, and savings in commercial and state banks should not surpass 500,000 baht as of March 31, 2024. Individuals currently serving prison sentences, those suspended or required to return funds from other government programs, and those violating terms of any other government programs are ineligible.For individuals without smartphones, the government assures that they remain eligible to receive the 10,000 baht. The conditions and registration details for this group are still under consideration, with specifics to be announced soon by the Minister of Finance's office.This digital wallet distribution scheme is part of the government's broader economic stimulus measures, aiming to achieve an economic growth target of 3-3.5%. By leveraging digital platforms and focusing on technological adoption, the government hopes to revitalize the economy and promote sustainable growth in the coming years.
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