A Study On The Influncing Factors And Countermeasures Of Rural Financial Exclusion In Jilin Province

The three issues of agriculture,the countryside and farmers is the top priority of building a socialist modern country in an all-round way.Although China’s financial development in rural areas has entered the fast lane,due to the interweaving effect of various historical and practical factors,under the financial service system that needs to be improved in rural areas,the matching degree between the demand and supply of financial services in rural areas is still difficult to be satisfactory,the phenomenon of Rural Financial Exclusion still exists,and some of them are economically poor Geographically remote vulnerable groups have been restrained by the mainstream financial system,and there is a serious phenomenon of financial exclusion.Under the leadership of the provincial Party committee and the provincial government,Inclusive Finance in Jilin Province has made continuous progress.However,in practice,finance,as the blood of economic development,lags behind in rural areas of Jilin Province.At present,some groups in rural areas of Jilin Province are still unable to obtain financial services through equal opportunities and appropriate channels.They are also troubled by the phenomenon of Financial Exclusion,which leads to the obstruction of financial targeted poverty alleviation and the uneven distribution of urban and rural resources.There is an urgent need to solve the problem of Financial Exclusion in a scientific and effective way.Starting from Financial Exclusion,this paper integrates the relevant literature on the meaning of Financial Exclusion,the measurement of financial exclusion level,the influencing factors of Financial Exclusion and the relief path of Financial Exclusion,clarifies the definition and relationship between Financial Exclusion and Inclusive Finance,relies on the rural financial development theory,the financial inclusive theory,marketing exclusion,price exclusion and evaluation exclusion.On this basis,it takes three dimensions of personnel accessibility,regional coverage and application efficiency,The Financial Exclusion index reflecting the degree of Rural Financial Exclusion in Jilin Province is calculated by seven indicators,including the number of outlets of rural financial institutions per capita in rural areas and the number of employees of rural financial institutions per capita in rural areas.Taking this financial exclusion index as the explanatory variable,six indicators such as the proportion of primary industry,financial support for agriculture and rural residents’ income are selected as the explanatory variables,Using the stepwise regression method,this paper studies the impact of the above variables on the level of Rural Financial Exclusion in Jilin Province.Finally,according to the experimental results,this paper puts forward some suggestions and Countermeasures to alleviate the plight of Rural Financial Exclusion in Jilin Province.The empirical results show that there is a positive correlation between the level of Rural Financial Exclusion and the output value ratio of the primary industry.There is a lack of "soft environment" for the survival of "financial services" in the agricultural field.The characteristics of agricultural production bring higher risks of agricultural loans,and the agricultural production structure gives birth to higher transaction costs of agricultural loans.The level of financial support for agriculture has a negative impact on the level of Rural Financial Exclusion in Jilin Province.This paper believes that this negative correlation can be explained from two angles: one is that financial funds directly guide finance to the countryside,and the other is to reduce the uncertainty of agricultural production and alleviate the contradiction between rural financial supply and demand by improving the mode of agricultural production.The level of Rural Financial Exclusion in Jilin Province has a negative correlation with the number of years of education per capita of rural population.On the one hand,the low cultural level leads to the lack of basic "financial literacy" required by farmers to participate in formal financial services.On the other hand,the low cultural level makes it more difficult to promote agricultural technology.According to the empirical results,this paper believes that effectively alleviating the plight of Rural Financial Exclusion in Jilin Province requires the full cooperation of all parties,rural business entities,agricultural related financial institutions and the government to perform their duties and cooperate closely to form a joint force.We should give full play to the supporting role of rural finance.External assistance is important.The internal optimization from "agriculture,rural areas and farmers" is also indispensable.We should also change and update internally to enhance the endogenous driving force for the development of "agriculture,rural areas and farmers".