The fund would be drawn from the government's earmarked contingent budget for the 2006 fiscal year, Deputy Government Spokswoman Sansanee Nakpong told the press after the cabinet's weekly meeting.
Under the plan, families of those deceased or missing in the recent disaster will receive a cash support of 20,000 baht (526 U. S. dollars) each, while those seriously or slightly injured will each get 5,000 baht (132 U.S. dollars) and 2,000 baht (52.6 U.S. dollars) respectively.
The Ministry of Interior's Department of Disaster Prevention and Mitigation will provide an additional financial support of 15, 000 baht (394 U.S. dollars) each to the families of those killed in the disaster and 40,000 baht (1,052 U.S. dollars) each if the victims were bread winner of their families.
Farmers whose farmlands were damaged or destroyed by the floods would each get a compensation of 243 baht (6.4 U.S. dollars) and 720 baht (19 U.S. dollars) per rai (about 0.16 hectare) respectively from the Ministry of Agriculture and Cooperatives, said Sansanee.
Business operators in the flood-wrecked areas are expected to received at least 20,000 baht (526 U.S. dollars) each from the government.
The cabinet also endorsed relief operations in the flood-hit northern region by a government-run committee, said the spokeswoman.