Analysis Of The Impact Of The Development Of Rural Inclusive Finance On Farmers’ Income In Anhui Province

Since the reform and opening up,China’s economic development has accelerated,but the income level of farmers is low and the income gap between urban and rural areas is large.Therefore,how to improve farmers’ income has become a problem that can not be ignored.In response to the call of national policies,all provinces vigorously develop Inclusive Finance in rural areas,and take improving farmers’ income as the goal of developing Inclusive Finance in rural areas.Therefore,it is meaningful to explore the relationship between the development of rural Inclusive Finance and farmers’ income.Taking Anhui as an example,this paper analyzes the main difficulties and problems existing in the current increase of farmers’ income,and puts forward countermeasures and suggestions to promote the increase of poor farmers’ income,which also provides important reference value for other provinces to study the corresponding problems.Firstly,this paper expounds the background and significance of the research.It is urgent to develop Inclusive Finance and increase farmers’ income.After sorting out and summarizing the relevant research at home and abroad,it is found that the research views at home and abroad are basically the same.With the improvement of the support of rural Inclusive Finance,it plays a positive role in increasing farmers’ income.Secondly,the relevant concepts and theories of inclusive finance and farmers’ income are expounded,and the importance of rural inclusive finance to farmers’ income is also elaborated from three aspects: "high threshold","low supply" and the direct and indirect effect of rural inclusive finance on farmers’ income.In addition,from the perspective of demand and supply,the current situation of rural inclusive finance in Anhui Province and its problems are analyzed,that is,the degree of rural inclusive financial services is low,the supply is insufficient,the development goals of rural inclusive financial institutions are not clear,the innovation of rural inclusive financial products and services is insufficient,and the development speed of agricultural insurance is slow.Finally,through the measurement of the level of rural inclusive finance in Anhui Province,it is concluded that the development level of rural inclusive finance in Anhui Province has continued to rise from 2006 to 2020,and the multivariate regression analysis and path analysis method is used for empirical research,and it is concluded that the development of rural inclusive finance in Anhui Province has not only a direct and significant impact on farmers’ income increase,but also an indirect impact.According to the empirical results,this paper puts forward four countermeasure suggestions,namely,to improve the level of inclusive financial services in rural areas,optimize the structure of inclusive financial services in rural areas,actively develop agricultural insurance,and strengthen legal supervision of financial markets.