B50bn fund for low income approved | Bangkok Post: business - News Summed Up

B50bn fund for low income approved | Bangkok Post: business


The cabinet approved a Finance Ministry proposal yesterday to establish a 50-billion-baht "Pracha Rat Fund for Low-Income Earners" to reduce income disparity over the long run. He said the government will issue a bill later to govern the fund and work out the guidelines to help low-income earners in the future. Mr Nathporn said 11 million low-income earners have registered with state agencies and the figure is expected to reach 14 million by May 15, the deadline for registration. There were 8.3 million low-income earners registered last year, but only 7.7 million were eligible to receive the government's aid measures. He said the government would later issue smart cards for low-income earners to receive direct assistance.


Source: Bangkok Post May 10, 2017 00:22 UTC



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