Research On Rural Micro-credit Development Of Gansu Province Under The Inclusive Finance

In the process of economic development,the financial exclusion phenomenon usually appear in each country in which a large number of the low-income population are excluded from normal financial services.In this case,this is not conducive to the financial resources scattered allocation and it is difficult to overcome these problems from poverty,health and education.Inclusive finance was presented for financial exclusion and expect to compensate for the defects of the existing financial system,so as to improve efficiency of financial markets,promote economic growth,effectively eliminate poverty and increase social welfare.Micro-credit is a concrete implement of inclusive finance and has incomparable advantage over other financial businesses in the rid of poverty.Healthy development of micro-credit can solve the financial needs of the poor and micro-credit is also a key member of the residents' financial needs hierarchy.According to the goal of eliminating poverty in our country,government ensure that in 2020 rural population get rid of poverty,caps of all poor counties are removed and the overall regional poverty is solved.In order to achieve this goal,government must force inclusive finance development from every region and can accomplish all people to enjoy the modern financial services.Gansu province,as a less developed areas,have 4.17 million poor population and must carry out micro-creditto enhance financial coverage and penetration,so as to let more disadvantaged groups share modern financial services equally.Micro-credit can improve the development condition of small micro-enterprise and "agriculture,rural areas and farmers" and also is advantageous to the financial infrastructure construction in rural areas,so the financial concept of "improving development and livelihood" and social values of justice are manifested.Based on the study of literature and analyzing the current situation of Gansu province rural micro-credit,this paper proposes related problems and possible reasons,and then writer issued 300 rural micro-credit questionnaires,to take back 251 valid questionnaires,and statistically analyse farmer's basic situation and the demand for credit.On the basis of statistical analysis,combining micro-credit data from Longnan Banking Regulatory Bureau,Cheng county Financial Authority,The office of joint village and households and related bank,writer use the Probit model to make an positive analysis on financing needs of farmers and use the Tobit model make another positive analysis on the actual demand for financing of farmers.It is concluded that farmers' micro-credit demand is highly relevant with loan type,loan interest rate,loan term,and then writer reveal the development of micro-credit of rural areas in Gansu province and give relevant policy recommendations.This paper has great significance in theory and practice.