Study On Alleviating The Financing Problems And Countermeasures Of New Agricultural Business Entities By Nong Dai Tong In Dayi

In recent years,under the support and cultivation of China,as the backbone of the rural revitalization strategy,the new agricultural business entities have been developing rapidly.With the rapid growth of the scale and number of the new agricultural business entities,theirs own funds gradually could not meet the needs of theirs reproduction and expansion.Due to insufficient collateral and high credit threshold,the new agricultural business entities often do not have access to effective funding from the state’s formal financial institutions.The first document of the Central Government in 2018 proposed that“Rural financial institutions should to innovate financial services and increase credit support”.The 20 th CPC Nationl Congress proposed “China should develop new types of agricultural businesses and provide social services”.Due to the lack of agriculture-related loans and low loan limit and coverage of financial services to support agriculture is narrow,the financing difficulties of agricultural business entities have not been effectively addressed.In order to alleviate the financing problem of new agricultural business entities,Chengdu set up “Nong Dai Tong” in 2017,After several years of operation,what role did“Nong Dai Tong” play? Are the financing problems of the new agricultural business entities alleviated? These are in urgent need of data obtained from the actual survey to prove.This paper takes new agricultural business entities in Dayi County of Chengdu City and “Nong Dai Tong Financial Insurance Service” as the research object to conduct an investigation.Base on the new agricultural business entities financing and the financial innovation correlation theory,and comprehensively applies literature analysis method and questionnaire method and statistical analysis method,through interviews and surveys of Dayi County 172 new agricultural business entities and questionnaires.This paper anaiysis indetail the financing situation of the new type of the new agricultural business entities in Dayi County and the application of “Nong Dai Tong”.The research conclusions obtained in this paper are as follows:(1)“Nong Dai Tong”have achieved good results in alleviating financing problems of new agricultural business entities.It mainly manifested in the following aspects: Firstly,as an innovation of rural financial service,“Nong Dai Tong” sharess the loan risk of financial institutions and arouses the enthusiasm of financial institutions to participate.Secondly,72% of interviewees had applied to the program before and 92% of the applicants have received financial support.(2)“Nong Dai Tong” provides better financing support to leading agricultural enterprises and agricultural cooperatives,80% of interviewees received financial support.However,there is insufficient support for large agricultural households and family farms,only 33.3 percent of large agricultural households received support.(3)During the operation of the platform in Dayi County,there are still some problems in terms of government,financial institution,or management subject in the application process:Firstly,the enthusiasm of the government to propagandize the “Nong Dai Tong” is not effective,policy support is inadequate and staffs are not familiar with business.Secondly,the reluctance of financial institutions to participate actively,the lack of actual lending and the complex application process.Thirdly,the new agricultural business entities financing application threshold is high,get a small loan amount.In view of the above conclusions,this paper put forword the following countermeasures and suggestions:(1)From the perspective of the government,it should should train and motivate the staff more,establish and improve the credit evaluation system of the new agricultural business entities and strengthen the policy support for agriculture-related financial institutions.(2)From the perspective of financial institutions,it should should introduce more agriculture-related financial product systems and further innovate mortgage guarantee methods and further innovate mortgage guarantee methods.(3)From the perspective of new agricultural business entities,it should strengthen the level of marketization,standardize the financial management system,and enhance awareness of agricultural risks.The innovation of this paper is mainly reflected in: this paper analyzes the different effect of the inclusive financial service platform on the financing support of four new types of agricultural management subjects,namely major professional households,family farms,agricultural cooperatives and agricultural leading enterprises and puts forward suggestions on the existing problems.