The Practical Logic And Realistic Dilemma Of The Policy Of Poverty Alleviation Microfinance Endorsed By The Government

Since the reform and opening up,China’s rural environment has undergone earth-shaking changes,and the pattern of urban and rural areas has undergone profound changes.However,the problem of urban-rural dual structure is still prominent in the financial field.The profit-driven nature of finance and the high risk of agriculture determine that the poor households will not be the first choice of credit targets of financial institutions,so they are often excluded from the financial service system and faced with serious financing difficulties.The poverty alleviation microfinance endorsed by the government is a loan product tailored to the registered poor households,aiming at solving the problem of the productive capital demand of the poor population,and trying to help the poor households develop production so as to achieve poverty alleviation and increase income.Then,How about the satisfaction,poverty reduction effectiveness and sustainability of poverty alleviation microfinance?The study of these problems is beneficial to solve the financing difficulties of the poor households and consolidate the achievements of targeted poverty alleviation.Meanwhile,this study has important theoretical value and practical significance for solving the relative poverty problem in the "post-poverty alleviation era" and realizing the goals of "inclusive finance" and"rural revitalization".From the perspective of local government behavior,this study selected S Town of Fujian Province as the research object of poverty alleviation microfinance for participatory observation.Firstly,the essay conducts a literature review of microfinance supplier in China.Secondly,review the previous institutional economic analysis of microfinance.Then,take S town of Fujian province as an example to conduct a comprehensive inspection of the practice of poverty alleviation microfinance policy under government credit endorsement logic,and make institutional economic analysis from transaction cost,incentive mechanism and risk regulation system.The study found that in practice,there are problems such as poor households’ lack of willingness to borrow money,excessive government intervention;therefore the poverty alleviation microfinance still faces the practical dilemma of insufficient satisfaction,insufficient role in poverty reduction and unsustainable operation.Finally,in order to promote the role of financial poverty alleviation,the paper tries to put forward policy suggestions from four aspects:changing policy concept,improving policy content,perfecting supporting policies and strengthening social governance.