The Impact Of Digital Inclusive Financial On The Income Of Farmers

Rural revitalization is an important strategic goal of my country’s "14th Five-Year Plan" period.To realize rural revitalization and increase the income of rural residents is the top priority.Since the concept of "digital financial inclusion" was proposed at the G20 summit in September 2016,the country has attached great importance to the development and promotion of digital financial inclusion.The biggest feature of digital inclusive finance is that with the help of digital technology,the entry threshold of financial services is lowered,and the accessibility of financial products and financial services is greatly improved.Provide rural residents with access to formal financial services,thereby increasing their income and leading to prosperity.The current digital inclusive finance still has problems such as supervision and information security.However,there is no doubt that the state attaches importance to the development of digital Inclusive Finance.It is an important boost to digital Inclusive Finance that the continuous improvement of digital infrastructure and the continuous expansion of Internet user groups.Digital Inclusive Finance has the conditions for development in rural areas.Based on the relevant theories and research results,the main research content of this paper is determined: 1.The relationship between digital Inclusive Finance and rural residents’ income;2.Differences in the impact of digital Inclusive Finance on the income of different rural residents;3.The path of digital Inclusive Finance affecting rural residents’ income.This paper makes an empirical analysis using chfs 2017 survey data and PKU＿Dfiic.Result: 1.Digital Inclusive Finance has significantly increased the income of rural residents.2.Digital financial inclusion can well benefit rural residents of different age groups.However,for rural residents with different income levels and educational levels,the promotion effect of digital financial inclusion is quite different.High-income and highly educated rural residents can better utilize digital financial inclusion to increase their income.3.Digital financial inclusion does not allow rural residents to participate in commercial financial activities,but mainly functions by increasing commercial income and total household assets.In addition,digital financial inclusion actually reduces the agricultural income of rural residents.To sum up,this paper puts forward the following suggestions: firstly,to further popularize digital inclusive financial services in rural areas;secondly,to attach importance to publicity and education,and to improve the ability of rural residents to apply digital technology;thirdly,to give full play to the driving effect of digital inclusive finance on the market;fourthly,Pay more attention to agricultural production and provide more targeted digital financial inclusion products.