Research On The Development Ofrural Inclusive Finance And Its Influencingfactors In Sichuan Province

As an inclusive financial system,Inclusive Finance aims to provide ideal financial services for all financial and economic entities in the whole society.In recent years,the development of inclusive finance in rural areas in Sichuan has been accelerating,the coverage of various financial institutions has been increasing,new rural financial institutions have emerged,and rural inclusive finance has developed rapidly,but there are also some shortcomings in development.This paper first analyzes the current situation of rural Pratt & Whitney development in Sichuan Province and analyzes the problems existing in the development process.Then it designs the index system to calculate the rural Pratt & Whitney Development Index in Sichuan Province.Finally,the gray correlation analysis method is used to develop the rural inclusive finance in Sichuan Province.Analysis of influencing factors.Firstly,it analyzes the development status of rural inclusive finance from the perspective of financial service penetration,agricultural insurance dimension,loan use dimension and financial service in the development of rural inclusive finance in Sichuan Province,and analyzes the rural rural development in Sichuan Province.The problems in the development of Huihui Finance.According to the analysis,the coverage of financial services in the development of rural inclusive finance in rural areas in Sichuan Province has not only expanded,financial services coverage has been more extensive,and agricultural insurance has continued to increase,which has significantly improved the protection of agricultural production.However,in the process of development of rural inclusive finance in Sichuan Province,there are still problems such as farmers' lack of demand for financial products or services,weak farmers' financial awareness,lack of collateral for farmers,insufficient innovation of financial institutions' products,and backward credit reporting methods of financial institutions.Based on the rural inclusive financial evaluation index system proposed by Sarma,this paper optimizes and forms its own index system.In the original index system,the insurance intensity and insurance depth of the agricultural insurance dimension were added to measure the rural inclusive financial development index of Sichuan Province,and compared with the rural inclusive financial development index of Yunnan Province and Guizhou Province.It is found that the rural inclusive financial development index of Yunnan Province and Sichuan Province is not much different,and it is a continuous upward trend;the rural inclusive financial development index of Guizhou Province is weaker than that of Sichuan Province and Yunnan Province,but from 2011 after Guizhou The rural inclusive financial development index of the province has increased more than Sichuan and Yunnan provinces.At the end of this paper,when the influencing factors of rural inclusive financial development in Sichuan Province are used,the gray correlation degree between the comparison series and the reference series is calculated based on the grey correlation analysis method.The reference series selects the calculated IFI index,and the comparison series selects factors such as rural residents' income and information technology development level.It is found that among the influencing factors of rural inclusive financial development in Sichuan Province,according to the gray correlation degree,the per capita income of rural residents,the level of information technology development,the per capita GDP of the region,the mileage of per capita highway,the urbanization rate,the investment environment,and the population density Urban and rural income gaps and the importance of agriculture.Among them,rural residents' per capita income,regional per capita GDP and information technology development level have a greater degree of influence.The grey correlation degree is 0.836 and 0.677,0.55 respectively,while the agricultural importance and urban-rural income gap have a lower degree of influence.The gray correlation degree is 0.5..Therefore,in the development of rural inclusive finance,Sichuan Province can formulate priority development policies and specific development measures according to the gray correlation degree of relevant factors.