Taste, Shop, Spend gets third round
Today the cabinet approved the third phase of the Taste, Shop, Spend scheme and allowed 500,000 elderly people to become eligible for the new phase, which offers up to a 20% cash rebate to 2 million eligible recipients.
Finance Minister Uttama Savanayana said the ministry and Krungthai Bank (KTB) will unveil details of the methods that allow the elderly to join the scheme today.
The ministry will open registration tomorrow for those who missed the first two phases. Registration for the scheme will be open twice a day between 6am and 6pm.
Unlike the previous two phases, the third will allow cashback for spending at participating merchants anywhere in Thailand, including recipients’ home provinces.
The third phase also allows those who purchase tour packages, air tickets and lodging costs for domestic travel to participate in the scheme.
Recipients will receive 15% cashback 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 cashback.
All phases of the scheme will end in January next year because the government aims to boost domestic expenditure only until Chinese New Year.
“In the third phase, the government excludes a 1,000-baht cash giveaway because the government wants to save the budget,” said Mr Uttama.
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 on the Taste, Shop, Spend website and download the Pao Tang mobile app from KTB.