Treasury confirms 11.25 million new state welfare cardholders, 7.6 million fail criteria

Prachachat··TH·Read original
2▲1 ▼0Impact / 5
Summary · why it matters

The Ministry of Finance announced the results of the 2026 state welfare registration programme on 30 September. Of the 18,820,784 people who registered, 11,254,921 passed the qualification criteria, comprising 8,592,931 existing cardholders and 2,661,990 new or previously missed applicants without cards, while about 7.6 million failed to qualify. Winich Wisetsuwannaphum, director of the Fiscal Policy Office and spokesman for the Ministry of Finance, said all 11,254,921 successful applicants must verify their identity through Krungthai Bank and the Paotang app by 12 January 2027, or at the registration units of five banks, namely Government Savings Bank, Bank for Agriculture and Agricultural Cooperatives, Government Housing Bank, Islamic Bank of Thailand and Krungthai Bank, by 14 October. Those who register within October will receive an additional 700 baht, bringing the total to 1,000 baht for October to November, while those who register after October will receive the usual 300 baht per month. At present, 428,261 people have still not completed identity verification. Of the 5,011,678 appeals filed, about 1,750,000 passed the criteria and 3,263,288 failed, with the largest share failing because their credit line exceeded 100,000 baht. The roughly 7.6 million people who failed to qualify, along with 470,000 existing cardholders who did not register this time, will instead be covered by the Thai Chuay Thai Plus 60/40 programme, and can verify their identity on the Paotang app from 1 to 15 October to receive benefits for October to November without re-registering. The Thai Chuay Thai Plus programme will cover about 30.8 million beneficiaries, up from about 26.04 million, and remains within the ceiling of 32.5 million approved by the Cabinet.

Impact on assets 1

Financials▲ · 1 stocks
Krung Thai Bank Public Company Limited
KTB
▲ PositiveDemandrelevance

Krungthai Bank is the primary channel for identity verification and Paotang app registration for the 11.25 million welfare cardholders, driving customer onboarding and transaction volume.

Off-coverage companies 3

Bank for Agriculture and Agricultural Cooperatives (BAAC)Private▲ Positive
Demandrelevance

BAAC is one of five banks designated as registration units for welfare cardholders to verify identity, bringing in new customers.

Government Savings Bank (ธนาคารออมสิน)Private▲ Positive
Demandrelevance

Government Savings Bank is one of five banks designated as registration units for welfare cardholders to verify identity, bringing in new customers.

Islamic Bank of ThailandPrivate▲ Positive
Demandrelevance

Islamic Bank of Thailand is one of five banks designated as registration units for welfare cardholders to verify identity, bringing in new customers.