Research On The Effect Of The Development Of Inclusive Finance On Farmers’ Income In Yunnan Province

Rural economic development has always been the top priority in China’s economic development,while the low income of farmers in rural areas has long limited local development.In order to achieve comprehensive poverty alleviation in 2020,it is crucial to improve farmers’ income and develop the inclusive financial system.Yunnan province is a large poverty-stricken province in China with a large rural population.Therefore,local governments attach great importance to the development of inclusive finance.This paper focuses on the analysis of yunnan province and is of great significance to the construction of inclusive finance system in rural areas and the improvement of rural residents’income.This paper first elaborated the background and significance of this topic,elaborated the connotation and characteristics of inclusive finance,summarized its main practice,and sorted out relevant literature at home and abroad.Secondly,the paper introduces the recent development of inclusive finance in rural areas of yunnan province,and finds out the crowding out effect of informal finance in rural areas,the uneven distribution of rural loans,and the imbalance between supply and demand of rural credit funds.Reference domestic scholars generally practice,this paper based on Sarma IFI model,permeability,can contact and utility of three layers,each node number ten thousand people of rural financial institutions,balance economic contribution,loans,insurance,economic contribution nine variables,such as establishing IFI index as a measure of pratt&whitney rural financial development level in yunnan province,formed in various areas of yunnan province and the city rural pratt&whitney level of financial development has a tendency to increase year by year,but pratt&whitney financial the conclusion of the overall development level is still low.Then,from 2005 to 2017,the panel model of data construction in each city of yunnan province was selected for empirical analysis,and the conclusion was drawn that the overall development degree of inclusive finance was significantly positively correlated with farmers’income in yunnan province.And points region,pratt&whitney financial development on the local farmers’income effect size regional differences,largest in yunnan,southern yunnan,northwest yunnan,the difference is mainly derived from differences of different regional industrial structure in yunnan province,yunnan and south yunnan region due to formed the scale of agricultural production,financial institutions by providing low cost financing can promote the local agricultural production,expand employment,increase farmers’income,so the region suitable for pratt&Whitney financial development;Northwest yunnan is dominated by alpine agriculture,and the production mode is individual small-scale peasant economy.The input cost and output should be measured when developing inclusive finance.Finally,some Suggestions are put forward for the development of inclusive finance in rural areas of yunnan province from the perspectives of implementing regional financial policies in line with local conditions,improving relevant laws on inclusive finance,improving the financial infrastructure in rural areas of yunnan province,improving the quality of financial services in rural areas,and strengthening inclusive finance education in rural areas.