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1.3 Million Co-Pay Subsidy Rights Snapped Up in 9 Minutes

Thais shop at street carts and outdoor markets in Pattaya in mid-November 2020. Small shops have embraced the government's co-pay scheme to boost business while the public can spend 150 baht a day on small items using government subsidy. (Photo: Bangkok Herald)
Thais shop at street carts and outdoor markets in Pattaya in mid-November 2020. Small shops have embraced the government's co-pay scheme to boost business while the public can spend 150 baht a day on small items using government subsidy. (Photo: Bangkok Herald)

It took only nine minutes for Thais to snap up the 1.34 million subsidy rights offered under the latest phase of the government’s co-pay scheme, which provides up to 3,000 baht a month to spend on food and consumer products.

Finance Ministry spokesman Kulaya Tantitemit said the subsidy rights were those left over after the previous registration for the second phase of the co-payment scheme. Registraiton was open for five hours, but all the subsidies were grabbed up in 540 seconds.

The co-pay scheme is aimed at people with some spending power to help rejuvenate the country. The government will subsidize half the amount of their general purchases, as people with higher spending power have registered with the Shop Dee Mee Khuen tax rebate campaign.

The people who successfully registered and received a confirmation message must install the Paotang e-wallet. They will receive the subsidy while spending from Jan. 25 to March 31.

As Jan. 18, about 1.1 million shops had joined the co-payment scheme and 13.6 million consumers exercised the subsidy right with the accumulated spending amount of 66.97 billion baht.

The most spending was recorded in Bangkok, followed by Chon Buri, Songkhla, Chang Mai and Nakhoh Si Thammarat.