Rural Credit Cooperatives Incentive Mechanism Design

Deepening the reform of rural credit cooperatives and improving financial services in rural areas, and on rural credit cooperatives in the stable and healthy development is related to agricultural development, farmers income and rural stability of the overall situation, the Central Committee and the State Council attach great importance.Deepening the reform of rural credit cooperatives experimental work is the general requirements of "clear property rights, strengthen restraint mechanism, and strengthen the service function, the state appropriate support, the local government is responsible for. "According to the above general requirements, the pilot reform of rural credit cooperatives deepening the main elements: First, to corporate units for the reform of rural credit cooperatives property rights system; Second' the management of rural credit cooperatives by local governments accountable. To help rural credit cooperatives digest historical burden, and promoting reform, the smooth development of experimental work on the pilot reform of rural credit cooperatives in the State to give appropriate support policies, mainly through the issuance of the People's Bank of special instruments and special payment by the borrower to implement wholesale release. To the end, since September 2003, the central bank has formulated and gradually perfect the pilot reform of rural credit cooperatives financial support programs to help the pilot reform of rural credit cooperatives in the digestive historical burdens, and thus spur rural credit cooperatives always will strengthen internal management, improving the corporate governance structure, and strengthen key binding mechanism as a reform to improve financial services, increase financial support for agriculture intensity primary objective. Countries on the reform of rural credit cooperatives our intensity. Reflected, as he is related to our country's vital interests of the 900 million farmers, the rural credit cooperatives have a very good incentive mechanism is essential. In this paper, the Central Bank plans and financial support to rural credit cooperatives incentive mechanisms linked, and there is a very good to unite these two aspects. Introduction from the first part of the background analysis based on the central bank's financial support scheme introduced the background, you scholars view, the paper quoted the method and main contents; The article is the second part of the body, through a detailed cost-benefit analysis of the central bank's financial support scheme on the central bank, rural credit unions and the provincial government incentive effect; Then the third part of the second part of in-depth discussions this incentive scheme through a comprehensive and sustained incentives, incentives and options to strengthen positive incentive to achieve a "mechanism to spend money to buy" the ultimate goal, the fourth part of this paper is a summary and enlightenment, the Central Bank funds support programs fully embodied the incentive mechanism design theory's basic ideas to help digest historical burden of rural credit cooperatives in the form of financial support, through targeted incentives given the right to independently choose, implement comprehensive incentive, continuing incentive, incentive options, incentives and the results of a double incentive, the establishment of the multi-level can inspire confidence threat measures to improve the efficiency of positive incentives, encourage rural credit cooperatives and provincial governments actively participate in the reform, and strive to deepen the reform, establish and improve China's rural credit cooperatives incentive mechanisms and restraint mechanisms, the provincial government of the management system of rural credit cooperatives, realizing " spending money to buy mechanism "objective, the promotion of buy mechanism "with the encouragement of rural credit cooperatives digest historical burden interaction virtuous circle.