Research On The Effect Of Inclusive Finance On Rural Revitalization In Henan Province

In 2017,the 19th CPC National Congress put forward the rural revitalization strategy,and Henan Province also introduced a rural revitalization policy combining the development of the province.In October 2021,the report of the 11 th CPC Congress of Henan Province clearly emphasized the "comprehensive implementation of the rural revitalization strategy".In March 2022,The people’s Government of Henan Province has for the first time given a comprehensive and systematic new methodology for promoting the all-round rural revitalization.However,there is a widespread problem that rural financial services in Henan Province cannot meet the multi-level financial needs of the current rural revitalization strategy.The development of inclusive finance can better alleviate the problem of "financial exclusion" in traditional financial services and improve the service efficiency of financial intermediaries,which is of great significance for Henan Province to comprehensively promote the rural revitalization strategy.Therefore,the core and key of this paper is to study the effect of inclusive finance in helping rural revitalization in Henan Province,and to discuss how inclusive finance can better help rural revitalization and development in Henan Province.Although there have been previous studies on financial support for rural revitalization in Henan Province,they have not been analyzed from the perspective of counties.Therefore,this paper first expounds the mechanism of inclusive finance in helping rural revitalization,then studies the development status of inclusive finance and rural revitalization in Henan Province,and constructs a comprehensive evaluation index system of inclusive finance and rural revitalization.The relevant data of 83 counties in Henan Province from 2015 to2020 were selected as research samples,and the entropy method was used to objectively measure and compare the levels of inclusive finance and rural revitalization.On this basis,based on the fixed effect model,the paper empirically tests the supporting role of inclusive finance in rural revitalization,and carries out concrete empirical tests from multiple dimensions.The analysis results show that the development of inclusive finance has a significant promoting effect on rural revitalization,and the promoting effect on different dimensions of rural revitalization is significant,among which the effect on industrial prosperity is the most obvious,and the promoting effect on ecological livable,effective governance and prosperous life is weakened successively,and has a reverse effect on rural culture.Based on the above research,this paper puts forward the following suggestions: optimize the path of inclusive finance to help rural revitalization,improve the strength of inclusive finance services to support agriculture,promote rural development with the help of digital inclusive finance,alleviate the contradiction between financial supply and demand in the construction of rural revitalization,and promote the integration of urban and rural development.