Research On The Impact Of Digital Inclusive Finance On The Low-income Rural Households Credit Access

The Central No.1 document in 2022 will continue to focus on the "three rural" issues,focusing on promoting the construction of rural financial services,overcoming the difficulties of core agricultural technologies,and promoting the integration and development of industries that enrich the people to strengthen the promotion of rural revitalization;at the same time,the document also focuses on "digital"."Technology" hotspot,emphasizing the need to use digital technology to infiltrate basic social services,expand the breadth of digital technology applications,accelerate the integration and utilization of digital technology in rural infrastructure construction,promote the standardization of digital villages,and empower the development of the digital economy.The development and application of digital inclusive finance provide important development opportunities for the integration of my country’s digital technology and financial markets,and also play a key role in my country’s exploration of new models of economic construction and development and the process of building a digital China.In addition,under the background of the rapid development of my country’s financial market,credit as a powerful lever for the development of the financial market has also developed by leaps and bounds,especially in terms of credit rationing.Unable to be satisfied,this is not only directly related to the economic status of micro-households,but also will have a considerable impact on the development of the entire credit market and even the financial market.Therefore,this paper takes the opportunity of "Helping the Digital Economy to Build a Digital China" by the Central Document No.1.Based on the micro perspective of low-income farmers,this paper discusses the overall credit,formal channel credit and informal channel credit of digital inclusive finance to low-income farmers.impact on access.Based on the theory of credit restriction,credit admeasure and asymmetrical information,utilize relevant data such as the China Household Tracking Survey and Research Center and the Peking University Digital Financial Inclusion Index to construct panel Logit and Tobit models to study the impact of digital financial inclusion on low-income families.The impact of rural households on credit access,and through empirical analysis to explore the impact path of digital financial inclusion on low-income rural households’ credit access,and analyzes the western remote areas,the central inland areas and the eastern coastal areas and the three districts and other areas.Regions were examined for heterogeneity.The study found that:(1)Digital financial inclusion can significantly improve the credit access of low-income rural households,and it has a particularly significant positive impact on the formal channel credit access,and has a certain negetive effect on the informal channel credit access.(2)The impact of digital financial inclusion on the credit access of low-income rural households is mainly achieved through the spillover effect of promoting the development of the digital economy and the crowding-out effect through the birth of Internet financial platforms.Among them,the spillover effect of digital financial inclusion mainly affects the acquisition of formal credit,while the crowding-out effect mainly affects the acquisition of informal credit;(3)the impact of digital financial inclusion on the credit access of low-income rural households has obvious regional Different from economic development,it has a particularly significant role in promoting credit access for low-income farmers in remote areas in western my country and in the three regions and three states.On account of the comprehensive,the issue raises strategies from the three main dimensions of low-income rural households,government departments at all levels and financial institutions.Low-income rural households should keep up with the trend of the times,create intrinsic value to continuously meet their own credit needs,and truly benefit from the development and innovation of digital inclusive finance;Governments at all levels should give full play to the exemplary role of support and guidance,and continue to encourage the development of digital inclusive finance;Financial institutions should seize the opportunity,make reasonable use of the spillover effect brought about by the development of digital inclusive finance,and promote the integration of digital technology and traditional credit services,in order to meet the credit needs of low-income groups as much as possible.