Study On Poverty Reduction Effect Of Agriculture-related Loans In Liangshan Prefecture Of Sichuan Province

"Agriculture,countryside and farmers" is a fundamental issue related to the national economy and people’s livelihood.As a comprehensive reflection of banking financial institutions’ support for agriculture,rural areas and farmers,agriculture-related loans are an important source of farmers’ core capital and play an increasingly important role in promoting rural economic growth and increasing farmers’ income.With the development of rural finance,the marginal utility of agricultural loans in Liangshan area is decreasing and the regional allocation is unbalanced.It is of great significance to discuss the poverty reduction effect of agricultural loans for giving full play to the guarantee function of financial system and helping rural revitalization in Liangshan Prefecture.Taking Liangshan Prefecture of Sichuan Province as an example,based on literature review and theoretical preparation,this paper analyzes the mechanism of agriculture-related loans in alleviating relative poverty in rural areas,and discusses the economic growth mechanism and financing restraint mechanism.It is concluded that the scale growth of agriculture-related loans provides more credit funds for rural economic development on the one hand,and promotes rural economic growth,and rural economic growth brings about the increase of income of low-income groups and the improvement of other welfare through trickle-down effect;On the other hand,the spillover effect of credit funds eases the financing constraints of farmers,and provides more core capital for farmers’ reproduction to enhance the total output.On the basis of mechanism analysis,this paper analyzes the present situation of agriculture-related loans and relative poverty in Liangshan Prefecture,as well as the advantages and existing problems of agriculture-related loans in alleviating relative poverty in rural areas.Based on the panel data of 17counties(cities)in Liangshan Prefecture from 2012 to 2021,this paper adopts random effect model and fixed effect model to discuss the poverty reduction effect of the scale and structure of agriculture-related loans,carries out houseman test to determine the evaluation results,and tests the economic growth mechanism and financing constraint mechanism.The results show that from the scale of agricultural loans,the scale of agricultural loans in Liangshan Prefecture has a significant positive impact on rural per capita net income;From the structure of agriculture-related loans,the scale of farmers’ loans,loans from rural enterprises and various organizations,and loans from agriculture,forestry,animal husbandry and fishery are all positively correlated with rural per capita net income.Compared with loans from agriculture,forestry,animal husbandry and fishery,farmers’ loans,loans from rural enterprises and various organizations are more efficient in improving rural per capita net income.According to the research conclusion,this paper puts forward some policy suggestions on financial support and promotion to alleviate relative poverty in rural areas from the perspectives of the scale and structure of agricultural loans,financial services and systems,and policy analysis,and looks forward to the next research.