2.25 billion baht approved for hiring 10,000 graduates

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2.25 billion baht was yesterday approved by the cabinet for hiring 10,000 new college graduates for one year to help economically troubled people during Covid-19. The money will come from an emergency fund from the central budget set up to deal with the global pandemic.

28 state agencies will be responsible for hiring these 10,000 new employees in the provinces and central urban areas, with workers earning 18,000 baht per month. Prime Minister Prayuth Chan-o-cha said the government plans to focus on the 2.25 billion job hiring program first, followed by later plans to support entrepreneurs across the board.

150 million baht of this 2.25 billion baht budget is earmarked for contributions to the Social Security Fund, while the remaining 2.10 billion is reserved for payment of monthly salaries. The plan to start hiring 10,000 jobs later this month.

In other government aid during the Covid-19 pandemic, the government announced a new round of 50 percent wage subsidies for employees of small and medium-sized businesses to keep companies afloat and pay their employees. Deputy Prime Minister Supattanapong Punmeechaow announced the plan, which should be launched as soon as possible to avoid mass layoffs that will create further economic difficulties across Thailand.

The money for the co-payments of the SME employees will come from the newly approved 500 billion baht loan decree, which comes from either a 170 billion baht allotment to encourage investment, domestic consumption and keeping jobs, or from a 300 billion -Baht fund to support businesses and people comes from the third wave of Covid-19.

The plan calls for the 50% co-payment to be carried out for 3 to 9 months and is aimed at companies that have not been able to obtain a low-interest loan under the central bank’s cache of 250 billion baht of loan funds.

SOURCE: Bangkok Post

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