A Research On Evaluation And Promotion Of The Development Level Of Inclusive Finance In Wuling Mountain Area Of Hunan Province Based On The Perception Of SMEs

The first formal presentation of inclusive Finance was held at the International year of Microcredit held by the United Nations in 2005.The United Nations is trying to introduce inclusive finance,allowing the new concept to evolve into a low-cost financial services system for all sectors of society and for all sectors of society.Due to the unfair phenomenon of credit rationing in China,the research on inclusive finance has become a hot topic in recent years.The uneven distribution of financial resources and the shortage of financial supply make it impossible for small and medium-sized enterprises to obtain financial services to meet their own development needs.This is one of the main reasons for the backward economic development and low income of residents in the Wulingshan region of Hunan Province..At the same time,it also seriously restricts the development of local small-and-medium-sized enterprises,making the pace of poverty alleviation in Wuling Mountain area of Hunan Province slow.Inclusive Finance is the development of modern financial application and theory.Its theory and practice is helpful to change the present situation of Wulingshan District in Hunan Province.Inclusive finance requires us to change our understanding of the traditional financial system.Financial services not only belong to large enterprises,SMEs should have the same rights as large enterprises to get financial services.Inclusive finance is to tap high quality resources,to make financial services more market-oriented and to improve the quality of financial services.For urban and rural enterprises,especially small and medium-sized enterprises,in all regions Having equal financial services is an important way to promote economic growth.The results of this research are based on the small and medium-sized enterprises in37 counties and cities in Wuling Mountain,Hunan Province.On the basis of the three dimensions of "service quality",the evaluation index system of inclusive financial development level is constructed,and the inclusive financial development index is designed.Combined with the index weight determined by AHP to evaluate the development level of inclusive finance in Wuling Mountain,Hunan Province,and then econometric analysis of the influencing factors of inclusive financial development level.The results show that Fenghuang County has the highest level of financial development,with a financial index of 0.373,and Yongshun County has the highest level of financial development.It was the lowest,with an inclusive financial index of 0.248.Based on the view of loan availability of small and medium-sized enterprises,this paper constructs order probit model to study the development level of inclusive finance.The results show that non-cash payment means,loan interest rate and loan maturity have negative effects on the success rate of loans.The number of complaints,educational level and so on are beneficial to the availability of loans.