A Research On The Development Of Rural Inclusive Finance

The issue of "Agriculture,Rural areas and Farmers" has always been playing an important role in the CPC Central Committee.So it attaches great importance to promoting the development of Inclusive financial activities to encourage the allocation of financial resources to rural areas to promote the transformation and development of rural economy.Since 2003,China has actively promoted the rural financial reform work,and the construction of a perfect inclusive financial system is an important measure and strategy to ensure the smooth completion of rural financial reform.It is also a necessary fulcrum to improve the level of economic development in rural areas.The essence of Inclusive Finance is that all groups can enjoy fair and sustainable financial services,especially low-income groups and disadvantaged groups who are difficult to finance.In China,the most difficult group to enjoy financial services is rural residents.This paper chooses Shanxi Province as the object of study whose province's economic development is backward,long-term dependence on the development of coal resources.With the depletion of resources,the province is facing a transformation and development,vigorously develop inclusive finance can provide more financial support for vulnerable groups,get rid of dependence on coal enterprises.Therefore,it is of great significance to study the current situation of rural popularization in Shanxi Province,and to provide reference for the provinces that rely heavily on resource development in Shanxi province.This paper first elaborates the background,purpose and significance,and then summarizes the existing literatures which related to " Inclusive Finance",and finds that the existing research mainly focuses on the analysis and research of the measures and influencing factors of inclusive finance,there are also few studies on the region,and there are few studies on the resources of Shanxi Province which have typical characteristics.On the basis of this,through studying the level of financial development in rural areas of Shanxi Province,it found that the rural popularized financial system has been gradually improved over time,but there are still some shortcomings need to be improved,including: rural residents' credit demand and supply non-matching,serious loss of rural funds,financial institutions in rural areas involved in the lower business,low financial products and inclusive financial environment to be improved and so on.In order to determine the financial level of rural areas in Shanxi Province by means of quantitative research methods,this paper chooses three dimensions on the basis of the existing research,and the eight indicators construct the IFI index to measure the rural areas of Shanxi Province from 1999 to 2015 financial level,and finally found that the level of each year have improved,but the overall level is low,consistent with the qualitative analysis.After the analysis of the factors that affect the level,we find that the main factors are three,namely,the level of rural economic development,the income gap between urban and rural residents and the convenience of rural transport.Then,this paper discusses the typical cases of inclusive 's financial success at home and abroad,namely,the rural bank model of Bengal,the operation mode of NanchongMeixing micro-credit loan product and three typical cases of domestic rural credit system construction.Combined with the characteristics of rural development in Shanxi Province to build a regional characteristics of the inclusive financial system related to the policy recommendations.Finally,the author puts forward some measures to optimize the development of popularization of Shanxi Province from the seven aspects,including: the first is to further improve the construction of supporting public service system;the second is to increa se government support,to promote financial institutions to carry out agriculture-related business;the third is to establish multi-level,multi-faceted rural financial institutions;the fourth is to strengthen the agricultural and financial technology and product innovation and development;the fifth is to actively encourage the insurance industry,securities industry financial institutions to serve the rural economic;the sixth is to create a good rural financial environment.