The Empirical Research Of Microfinance Development On Rural Economic Enhance In Heilongjiang Province

Agricultural economic development is not only the basis for national economic development, but also social sustainable and stable development of the " building blocks", and in this process the development of rural finance rural economic development will undoubtedly have a huge role in promoting and facilitating, and now China’s rural areas." financial repression " is serious, supply of rural finance and rural financial needs serious imbalance in backward rural financial system has seriously hampered the new rural construction, urban-rural integration and economic development in rural areas, the emergence of microfinance, especially rural banks, mutual funds cooperatives, loan companies appear, is an effective complement to traditional financial system, increasing the rural financial market institutions and capital supply,for ease shortages in rural areas, the current situation of financial resources is of great significance. Microfinance as an important component of financial development, was born in the1970s, microfinance is developed on the basis that it refers to the vulnerable groups and micro-enterprises to provide a package of financial services, such as micro-credit, micro-savings services, micro-insurance, money transfer and payment services. China since the1990s,drawing Bangladesh "village bank" model and carried out since microfinance, micro-finance has been widely developed. Since2005,the State increasing emphasis on micro-finance in solving China’s rural financial issues important role. Rural areas of small and medium banks, financial institutions to encourage and support innovative rural financial products and financial services, to develop micro-credit and micro-finance services,rural micro finance organizations through a variety of ways into the capital from a financial institution for rural economic development to provide financial support. Therefore, the development of micro-finance in Heilongjiang Province on rural economic growth has important practical significance. However, until now, the academic development of micro financial impact on rural economic development research is still blank, so I believe that it is necessary to Heilongjiang Province microfinance impact on rural economic growth-depth study, which enrich our region micro-finance development and economic growth theory has some positive significance.This paper uses panel data2006-2011Microfinance Development in Heilongjiang Province on rural economic growth empirical analysis,mainly from the micro-level of financial development and deepening of the underlying rate of micro-finance to analyze micro-finance development in Heilongjiang Province Rural Economic Development.The empirical results show that micro-finance development and rural economic growth is significantly related, but did not promote microfinance and rural economic growth in Heilongjiang Province. This is mainly due Heilongjiang insufficient supply of microfinance networks. Micro-bank loans serious shortage of supply micro-finance development-related rate lower level of unhealthy micro-finance the external environment, A serious impediment to the development of micro-finance to promote economic growth in rural areas effect. Therefore you should increase the intensity of micro-finance development and level of micro-finance institutions to expand network coverage,increase micro-finance institutions particularly medium-sized commercial banks to support agriculture,and actively provide financial support for the development of micro-enterprises,the state should also be in fiscal policy to give the relevant financial institution’s policy support for the development of micro-finance to create a favorable external environment, Heilongjiang Province, rural economy to achieve rapid development.