The Treasury has transferred money to 14.05 million vulnerable groups.

Business

The Treasury Department transferred money to vulnerable groups to stimulate the economy in 2024, totaling 14.05 million people, with 380,000 people not being able to transfer, resulting in 140,000 million baht circulating in the economy. Mr. Pornchai Thiravet, Director of the Fiscal Policy Office and Spokesperson of the Ministry of Finance, revealed that the results of the money transfer under the economic stimulus project in 2024 through state welfare cardholders and disabled persons from 25-30 September 2024. For the money transfer on 30 September 2024 to welfare cardholders with national ID numbers ending in 8-9, totaling 2.25 million people, the transfer was unsuccessful in 61,469 cases. The cumulative number of successful money transfers to the target group is 14.05 million people, while the number of unsuccessful money transfers is 381,287 cases. The overview shows the reasons for failed money transfers for each target group as follows: Disabled persons, such as bank accounts being closed, bank acco unt numbers being incorrect, etc. Those with state welfare cards, such as those who have not yet linked their PromptPay account with their national ID number, their account has been inactive, their bank account has been closed, or their bank account number is incorrect, etc., the Ministry of Finance therefore recommends that eligible persons quickly link their PromptPay account with their national ID number or contact their bank account holder to fix the bank account with the above problems so that they are ready to receive money under the project in the late payment cycle (Retry). For disabled people whose disabled ID cards have expired or those who receive disability benefits without a disabled ID card, or whose disabled ID card information is incomplete, this is a group that has not received a transfer on September 25, 2024, which is the first day of the transfer. It is recommended that you renew your disabled ID card, make a disabled ID card, or correct your disabled ID information at a disabled service center nationwide within the specified time. If the third Retry period has passed, the payment to the target group will be stopped and it will be considered that the target group does not wish to receive money under the project. In addition, in the case of being bankrupt or under receivership, you can open a deposit account to receive money under the project and can withdraw money by submitting a petition to the receiver to request permission to open/use an account to receive money under the 2024 economic stimulus project through state welfare cardholders and disabled persons. You must open a deposit account and link the PromptPay account with your national ID number within the scheduled time. Retry The Finance Ministry spokesman added that currently, 140,573.41 million baht from the project has circulated into the economic system. He therefore asks the people who have received this money to plan their spending in a worthwhile manner and to maximize the benefits for themselves and their families. -515- Thai News Agency Source: Thai News Agency