Research On The Impact Of Inclusive Financial Development On Farmers’ Income In Henan Province

At present,the global COVID-19 situation is grim and the world economy is recovering slowly.In order to calmly cope with the century-old changes and the epidemic and achieve stable and healthy social and economic development,it is necessary to stabilize the agricultural infrastructure.We have done a good job in our work related to agriculture,rural areas and farmers,and comprehensively promoted rural revitalization and development.Inclusive finance has played a key role in increasing farmers’ income and encouraging them to engage in non-agricultural activities.To develop the financial,Inclusive Finance is the contemporary of our country to realize the new requirements to the strategy of rejuvenating a necessity.It is conducive to effectively promoting the healthy,sustainable and balanced development of China’s financial industry,promoting the comprehensive building of a moderately prosperous socialism with characteristics in contemporary China,realizing mass entrepreneurship and innovation,boosting the innovative transformation and upgrading of the management mode of contemporary China’s national economic and social development,and improving the fairness of China’s economic and social.As China’s agricultural modernization project and a province with a large agricultural population,Henan province has seen a steady increase in farmers’ income,and the income structure has changed to a large extent..Moreover,the income gap between different regions is still large,and the development level of inclusive finance in different regions is large,and the imbalance problem is more prominent.Based on this background,this paper deeply studied the Inclusive Finance development in effect on the rural residents’ income in Henan province,which has an important reference and guidance role for Henan province and China to consolidate comprehensive poverty alleviation and achieve the goal of rural revitalization.This paper mainly studies Inclusive Finance relationship with the farmers’ income in Henan province.First to organize and measure the Inclusive Finance development level in Henan province.Second use empirical analysis to detect the Inclusive Finance influence on farmers’ income in Henan province.Through the method of normative analysis and empirical analysis,this paper analyzes the relationship between inclusive finance and farmers’ income theoretically according to the actual situation of Henan Province.Based on the analysis of Henan province as a whole and various regions,the following conclusions are drawn:The development of the whole sample analysis,Inclusive Finance for the overall level of farmers’ income in Henan province is a significant positive impact.Through the study of the regional division of Henan province,separately for each region analysis,the relationship of Inclusive Finance development for the influence of farmers’ income in Henan province are significantly positive,but the coefficient of each area is different.This shows that the development of inclusive finance is unbalanced among different regions in Henan Province,which has a great impact on farmers’ income.Finally,combined with the analysis results of this paper,this paper puts forward suggestions from two aspects: policy level and inclusive finance level.It is of positive significance to establish a sound inclusive financial development system and development mechanism,optimize the agricultural industrial structure,improve the mechanism of digital Inclusive Finance to increase farmers’ income,and promote rural revitalization and increase farmers’ income.