Research On The Poverty Reduction Of The Rural Inclusive Finance In The Northwest Of China

To improve the situation of poverty and backwardness in rural areas and to alleviate or even eliminate the problem of rural poverty,we must first solve the shortage of funds that restrict the development of rural areas.However,the nature of“capital chasing money” has led various rural financial institutions,including state-owned commercial banks,to withdraw from or withdraw from the rural market,and to move to large cities with more developed economies or coastal cities in the east.As a result,rural areas of financial resources have been scarce.As an important complement to traditional financial institutions or financial resources,microfinance provides various types of financial credit and financial services to poor rural small and micro enterprises and farmers,with small branches in support of agriculture,The development of inclusive finance and supporting rural economic and social development play an important role in rural poverty reduction.This paper focuses on rural inclusive finance,on the basis of accurately examining the current situation of the development of rural inclusive finance in China and influencing the effect of poverty reduction,we draw lessons from the excellent experience of foreign inclusive finance in poverty reduction.The paper puts forward the countermeasures and suggestions to promote the development of rural inclusive finance and its effect on poverty reduction in order to provide guidance for the current rural financial system reform and to effectively realize the benign interaction between the development of rural inclusive finance and the precise poverty alleviation in rural areas.This paper follows the logic thinking of “the current situation characteristic ?influence mechanism ? the countermeasure suggestion”.Firstly,it analyzes the changing trend and spatial difference of poverty reduction in rural areas in China,and analyzes the development course,current situation and existing problems of rural inclusive finance in China.Then,analyze the mechanism of poverty reduction effect of rural inclusive finance,and build an econometric model to identify the impact of rural inclusive finance on poverty alleviation and path mechanism;then,it summarizes the international experience of poverty reduction in rural inclusive finance,and draws the enlightenment to China.Finally,it puts forward some countermeasures and suggestions to promote the development of rural inclusive finance and its effect on poverty reduction.The main conclusions of this paper are as follows: first,the northwest rural areas have the largest scale of poverty reduction,but the overall rate of poverty reduction lags behind the eastern region,the Northeast region,the central region and even other areas in the western region..Second,the development of rural inclusive finance in China has achieved remarkable results,but there are still some problems which can not be ignored,such as the contradiction between supply and demand of rural credit,the serious outflow of rural funds and the obvious shortage of rural informal finance.Thirdly,the poverty reduction effect of rural inclusive finance is obvious.Every 1% increase of rural inclusive finance development level will effectively reduce the incidence of rural poverty 2.42%.Fourth,rural microfinance contributes indirectly to poverty reduction through localeconomic development,in addition to directly contributing to rural poverty reduction through the provision of savings and credit services.Fifthly,to promote the development of rural inclusive finance and its effect on poverty reduction,we should start from the aspects of widening financing,innovating credit products,optimizing credit management and creating credit environment.