Thai Government set to hand out 5000 baht a month to informal workers to help them after the Covid-19 Coronavirus Crisis

Bangkok-

The Thai Government is all set to provide the countries estimated three million informal workers 5000 baht a month to help relieve financial burden caused by the Covid-19 Coronavirus crisis which has caused tens of thousands of businesses to close across Thailand temporarily.

Informal workers, such as those who are contract, self-employed or temporary employees, will be able to claim the 5000 baht through several methods. The program and payments begin on April 1st, 2020.

They will need to register with either The Government Savings Bank of Bangkok, The Bank of Agriculture, Krungthai Bank or online at a special website that says Nobody will be left behind in Thai.

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The money will be handed out for at least three months at this point from April to June to those who register and are qualified. Payments will be made via direct transfer to electronic wallets and bank accounts.

Additionally, the applicant can apply for emergency loans of 10,000 baht a person with low interest rates if they need more money that can be taken for up to 2 years with no guarantees. 40 billion baht is being set aside for this.

Finally, a third option for those who have a guarantee for a loan is a 50,000 baht loan at low interest for up to three years. 20 billion baht is being set aside for this purpose.

This is part of an overall 200 billion baht stimulus measure approved by the Thai cabinet yesterday to help the millions of people who are temporarily without work.

The Pattaya News notes that in Pattaya the vast majority of staff currently without work are informal workers and would qualify for this program.

For those who have social security, different programs and financial support is being offered to include at least 50% of ones salary per month during the current crisis period.

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