The third phase of the Chim, Shop, Chai (taste, shop, spend) scheme will seek cabinet approval today, providing up to a 20% cash rebate to 2 million recipients.
The Finance Ministry will open registration for those who missed out on the first two phases, said Minister Uttama Savanayana.
Unlike the previous two phases, the third will allow cash back for spending at participating merchants anywhere in Thailand, including recipients' home provinces.
Recipients will receive 15% cash back for spending of up to 30,000 baht at participating merchants.
The rebate rises to 20% for more than 30,000 to 50,000 baht spent, with up to 8,500 baht available in cash back.
The third phase will run until the end of January next year.
Some 10 million participants in the first phase and 3 million in the second phase received a 1,000-baht cash handout as well a cash rebate of up to 20%.
To be eligible for the cash handout and the 20% cash rebate of up to 50,000 baht for tourism-related spending, Thais aged 18 and older were required to sign up at the Chim, Shop, Chai website and download the Pao Tang mobile app from Krungthai Bank.
The rebate will be paid by the government later.
The cash handout needs to be spent using the Pao Tang app at participating shops in specified provinces within two weeks. Neither perk can be used in the recipient's home province.
The Tourism Authority of Thailand's 'Visit Thailand With 100 Baht' campaign is limited to 10,000 people per day starting on Nov 11. The government is trying several campaigns to rev up a limp economy.
The ministry has encouraged people to spend their money through Pao Tang's G-wallet 2, but only 700 million baht has been spent so far.
The spending scheme is part of the government's 316-billion-baht stimulus package, aimed at boosting the country's economic growth to 3% this year after the economy lost momentum, weighed down by sagging exports.
The ministry expects the taste, shop, spend scheme will trigger a spending spree and create money circulation in the economy of 60 billion baht.
For the cash handout alone, spending tallied 12.3 billion baht.
Thailand's economy had its weakest annual growth rate in four years, expanding just 2.3%, in the second quarter as exports declined amid rising international trade tensions and a strong baht. In the first quarter the economy grew 2.8% from a year earlier.
The ministry recently downgraded the Thai economic outlook for this year to 2.8% from 3%, while the Bank of Thailand slashed its growth forecast to 2.8% from 3.3%.