An Analysis Of The Poverty Reduction Effect Of Rural Finance In Border Minority Areas From The Perspective Of Inclusive Finance

Poverty alleviation is one of the most difficult problems in China's rapid economic development.In recent years,even though the number of rural poverty-stricken people in China has decreased rapidly,the problems of unreasonable financial structure,prominent quadratic financial structure and unreasonable financial market structure have made the disadvantaged groups,such as middle-low income groups and small and medium-sized enterprises,who lack credit collateral or good credit records,excluded from the financial system.Therefore,China's poverty problem Especially significant.The experience of poverty alleviation in many developing countries has also proved that the most difficult problem for poor people to get rid of poverty is the shortage of funds.They must invest in their poverty alleviation industries or opportunities to improve their abilities with their own abilities or internal resources.As a supplement and expansion of micro-credit and micro-financial services,Inclusive Finance was first proposed at the annual meeting of the "Year of Microcredit" in 2005.As a positive role in stabilizing China's economic and social development,maintaining social stability and improving the level of social welfare,Inclusive Finance has been highly concerned by China's functional departments,and has introduced many benefits to microenterprises and rural poverty.The policy of strengthening agriculture and benefiting agriculture for the poor groups further enhances China's financial coverage,establishes and improves the financial service system,and promotes the effective poverty alleviation of Inclusive Finance through the organic combination of micro-credit system and micro-financial service institutions.Therefore,the development of Inclusive Finance is of theoretical and practical significance in assessing China's economic and social forms and shaking off the rural poor.At present,the research on the relationship between inclusive financial development and poverty alleviation is still in the exploratory stage,which needs further investigation and research.In this paper,Inclusive Finance as the research object is systematically studied,and empirical analysis,literature review and other research methods are used.After defining the concepts of inclusive financial development and poverty alleviation,this paper enumerates the effective experience of developed countries in poverty alleviation by inclusive finance,and illustrates the effective practice of Yunnan Province in poverty alleviation by integrating its own development situation and drawing on international experience.Secondly,based on the development of 10 counties(districts)of Puer city and the poverty alleviation of rural inclusive finance,we use scientific and efficient methods to select effective indicators and take the panel data of 10 counties(districts)of Puer city from 2012 to 2018 as samples to measure the overall level of Inclusive Finance in 10 counties(districts)of Puer city.Secondly,it briefly analyses the theoretical background of inclusive financial development and the mechanism of Inclusive Financial Development on poverty alleviation.At the same time,the dynamic GMM model is used to test the relationship between inclusive financial development and poverty alleviation,and the validity of the indicators is tested by robust standard error.The empirical results show that the development of Inclusive Finance has a significant positive correlation with poverty alleviation in ethnic minority areas in China's border areas.That is,with the improvement of the overall inclusive financial level in the border areas,the poverty problem in the border areas will be improved accordingly,and further illustrates the sustainability of poverty alleviation.Finally,on the basis of empirical analysis,some operable suggestions and opinions are put forward on how to further promote the development of Inclusive Finance in border minority areas of China.