Research On Operational Efficiency Evaluation Of Capital Mutual Aid Funds In Poor Villages

For a long time,difficult and expensive financing has been an important factor restricting the development of agricultural and rural economy in China,especially in poor rural areas.In order to solve the rural financial institutions with low banking network coverage,such problems as insufficient financial supply,competition,at the end of 2006,the China banking regulatory commission(CBRC)issued by the "ease rural banking financial institutions access policy about adjusting better support socialism new rural construction of several opinions(Yin Jian Fa [2006] no.90),is proposed to allow industrial capital and private capital can set up village banks,credit cooperative organizations in rural areas,specializing in loan business of the bank is a wholly owned subsidiary,and allow farmers in rural areas and rural small businesses.Initiated the establishment of community credit cooperative organizations that serve as shareholders and implement democratic management of members,thus providing policy support for the establishment and operation of rural mutual aid societies.At the same time,domestic appeared by a government poverty alleviation,agricultural,supply department,as well as the social capital,the world bank projects multiple investment in mutual funds as the core of the credit cooperative exploration,exogenous and formed mainly by the government to promote rural capital support,such as poverty alleviation department led by funding capital society,on the basis of the existing farmers' professional co-operatives set up type of endogenous rural capital support,such as the interior of the farmers' professional cooperatives credit cooperation,and anarchy drive both support,also does not rely on any professional cooperatives,The pattern of diversified development,such as the spontaneous rural mutual aid association,which is initiated by the private capital and established by absorbing the investment from farmers,has laid a go foundation for the further establishment and improvement of the rural cooperative financial system.Based on the above research background,this paper,on the basis of rural finance theory,information asymmetry theory,financial poverty alleviation theory and cooperative finance theory,analyzes the development process of fund mutual assistance in poverty-stricken villages and the development status of fund mutual assistance pilot projects in poverty-stricken villages in shaanxi province by using field research data.Descriptive analysis method,DEA model and super-efficiency DEA model were used to analyze its operating efficiency from two aspects: social performance and business performance.Whenthe DEA model is used to analyze the operation efficiency,the scale of mutual aid fund,number of members and operating expenses are selected as the input indicators.The loan scale,the number of loan members and the occupancy fee income were used as the output indicators.The MAXDEA software was used to solve the model,and the operating performance of the fund mutual aid societies in 11 poverty-stricken villages in the sample county(city)was obtained.On this basis,Tobit model is used to analyze the factors that may affect the operation efficiency,and the key factors are obtained.Based on the research results of two sets of models,the supporting policies and Suggestions are put forward to improve the operation efficiency of fund mutual aid in poverty-stricken villages in shaanxi province.Through empirical analysis,the main conclusions of this paper are as follows:(1)Fund mutual assistance clubs in poor villages have produced good social benefits(or poverty alleviation effects).Xianyang 11 counties(cities)in 2016-2018 poor financing difficult problem to improve year by year,the mutual funds to issue poverty in scale and the loan number,loan number of synchronous growth,mutual funds 58.8582 million yuan by2016,the distribution of growth in 2018 to 350.6784 million yuan,get a loan poverty number by 7220 households in 2016 for the 2018 27613 households,the proportion of poor households receiving loans in the total membership increased from 65.9 percent to 96.4percent,funding capital support strengthened the poverty alleviation goal aimed at sex,speeded up the process of funding to get out of poverty.(2)The operation efficiency of fund mutual-assistance clubs in poverty-stricken villages is above the average level.The overall operation efficiency of fund mutual-assistance clubs in 11 counties(cities)of xianyang city is above the average level.From 2016 to 2018,the fund mutual-assistance clubs in 11 counties(cities)of xianyang city showed a fluctuating trend of growth and then decline,and reached the peak in 2017.On the whole,the fund mutual-assistance clubs in each county(city)played a good role in poverty alleviation.Part of the reasons for the low efficiency of mutual aid clubs are the small scale of mutual funds and the single financing channel,as well as the loose internal management,which makes it difficult for them to operate normally,thus resulting in their low efficiency.The main reason for the fluctuation in operating efficiency is that in 2017,the xianyang municipal government increased the financial fund input for poverty alleviation of mutual aid clubs,and the number of mutual aid clubs and the scale of mutual funds increased significantly.(3)Factors such as financial investment in poverty alleviation funds,income level of occupancy fees and risk management techniques have important influence on the operation efficiency of fund mutual assistance clubs in poverty-stricken villages.Among them,theinput of financial funds for poverty alleviation and the income level of occupied expenses(or interest)have a direct impact on the expansion of operation scale,enhancement of operation vitality and improvement of operation efficiency of fund mutual-assistance clubs in poverty-stricken villages.The internal risk control and management technology level of the fund mutual assistance club in the poverty-stricken village can guarantee its reasonable and efficient operation.According to the research conclusion,combining with the current problems in the development of fund mutual-assistance clubs in poverty-stricken villages,this paper proposes to improve the business guidance and supervision management system of fund mutual-assistance clubs in poverty-stricken villages.Establish a multi-channel financing mechanism and expand the scale of mutual funds;We will explore ways to build an effective docking model between fund mutual assistance clubs,village-level joint-stock economic cooperatives and farmers' specialized cooperatives,so as to realize the organic combination of fund allocation and project operation(fund use).To improve the internal governance mechanism and management system of mutual aid funds;To strengthen the credit management of members of capital mutual aid clubs and other countermeasures and suggestions.