Analysis Of The Development Level Of Inclusive Finance On Residents' Income

The Development Plan for Promoting Inclusive Finance(2016-2020)truly pushes inclusive finance to the height of national strategy.Inclusive finance is an important measure to solve the problem of farmers' poverty.Hebei is surrounded by Beijing and Tianjin,with superior geographical location,abundant resources and policy support of Xiongan new district.However,the overall economy can only rank 6-10,and the financial industry is far from Beijing,Shanghai and Guangdong.lt is of great significance to develop the financial industry and increase the income of farmers by means of inclusive finance.Firstly,this paper reviews the literature on the measurement of inclusive finance,the impact of inclusive finance on income,and the impact of inclusive finance on income,which are the base of the this essay.Secondly,the qualitative analysis of the influence of inclusive finance on farmers' income.It is made from four aspects:capital availability,price affordability,risk resistance and facility improvement.First,the development of inclusive finance overcomes the limitations of geography,time,cost,channels and traditional credit means,and realized the availability of funds.Second,it reduces the cost,making the price of financial services affordable for farmers.Third,realizing high coverage of rural communication network and improving financial infrastructure also play an important role in increasing farmers' income.Fourth,financial technology solves the problem of financial market information asymmetry,innovative financial products,which enhances the risk resistance capacity.Thirdly,the quantitative analysis of the influence of inclusive finance on income.Inclusive finance variables are selected from two perspectives:breadth and depth of the finance.Breadth variables include the number of financial institutions per capital,the level of deposit balance,deposits per capital,the level of loans per capital,and loans per capital.Depth variable include premium income level,premium income per capital.According to the calculation method of Mandira Sarma,weight is given by coefficient of variation method,and then the standardized the inclusive finance index.Make the conclusion that the inclusive finance has a significant promoting effect on farmers' income.In addition,Shijiazhuang,Lang fang and Tangshan have a significant impact on farmers' income with inclusive finance development.While other districts the IFIs are not high,so it is necessary to continuously improve the depth and breadth of finance.Then take farmer income as dependent variable,IFI as independent variable,the industrial structure,government fiscal expenditure,the number of industrial enterprises above the scale and the level of fixed asset investment as control variables..Among the influencing factors on farmers' income,the level of inclusive finance,fixed investment and industrial structure all have a significant positive impact on the increase of farmers' income.At the same time,fiscal expenditure and the development of industrial enterprises also promote the income.Finally,Suggestions.They are made from the two dimensions,nation and financial institutions.Our government should improve the laws and regulations of inclusive finance,and improve the infrastructure construction of rural financial supply.Relevant financial institutions should improve the breadth and depth of inclusive finance,accelerate the development of fintech,and accelerate the popularization of financial knowledge.