Fiscal Policy Office director-general Kulaya Tantitemit announced that the Finance Ministry planned to open registration for the e-voucher cashback scheme “Ying Chai Ying Dai” from Monday.
The government expects full participation in the registration process, which is open to 4 million registrants. Moreover, it explained that the scheme focuses on middle-class and high-income earners, hoping to increase the local purchasing power when the local economy struggles to recover from the strong impact of the COVID-19 pandemic.
The scheme is funded by the 1-trillion-bath emergency loan and costs 28 million baht.
The cabinet-approved Ying Chai Ying Dai scheme enables individuals to earn cashback e-vouchers for domestic purchases, encouraging citizens to buy products and services using the Krungthai Bank Pao Tang mobile banking app at participating stores.
Users can register every day between 6:00 a.m. and 10:00 p.m.
After registering, they can start purchasing products or services under the scheme between 6:00 a.m. and 11:00 p.m. from July 1 to September 30. Also, e-voucher discounts can be used from August 7 to December 31.
Around 29,700 stores have registered to participate in the program.
Electronic vouchers are sent to recipients on the seventh day of the month after their expense. Users receive vouchers in their Pao Tang e-wallets for 10-15% of spending with a limit of 7,000 baht per person. Each e-voucher limits the amount used to calculate the refund received to 5,000 baht per day regardless of the daily amount spent.
Additionally, recipients must be Thai citizens aged 18 years or above.
According to official information, ineligible groups include holders of state welfare cards, those enrolled for phase 3 of the Khon La Khrueng co-pay plan, and participants in the plan to provide extra money to those in need.
