Welfare card to spur sales at local Thong Fah shops
- 14 Sep 2017 at 04:00
- WRITER: WICHIT CHANTANUSORNSIRI
Low-priced consumer products for sale under the state's Pracha Rat scheme. The government expects the new welfare smart card to benefit low-priced shops.
The government's welfare and subsidy scheme for the poor is expected to create more than 30 billion baht a year in circulating cash at local stores, a liquidity boost that should help the grassroots economy.
Based on the assumption that each state welfare cardholder will spend 300 baht a month at Thong Fah Pracha Rat low-priced stores, and with 600 cardholders in each tambon, an estimated 180,000 baht in sales will be generated from the scheme at each local store, said Suttirat Rattanachot, director-general of the Comptroller-General's Department.
There are about 6,000 Thong Fah Pracha Rat stores across the country, with the number expected to rise to 20,000 in the future, Ms Suttirat said.