Research On The Path Of Developing Inclusive Finance To Support Agricultural Development In Chifeng Cit

The report of the 20 the National Congress of the Communist Party of China proposed to comprehensively promote rural revitalization and adhere to the priority development of agriculture and rural areas.The key to rural revitalization lies in industrial revitalization.In order to realize the revitalization of agricultural industry,financial capital supply and supporting rural financial services are needed.Inclusive finance in Chifeng plays an increasingly important role in the process of agricultural development.However,the research scholars ’ research on the development of inclusive finance to support agricultural development is limited to research and analysis from a national perspective.There are few studies on the development of inclusive finance to support agricultural development in Chifeng City,Inner Mongolia,which leads to the incomplete research on the development of inclusive finance to support agricultural development in Chifeng City.In this context,this paper focuses on the positive role of inclusive finance in agricultural development in Chifeng City and proposes an optimization path.Combining field investigation with theoretical basis.First,sort out the concepts of agricultural development and inclusive finance,and explain the application theories: rural credit subsidy theory,rural financial market theory,imperfect competition market theory,and agricultural industrial structure theory.Second,a questionnaire survey was conducted on farmers in Chifeng City to obtain credit channels from agricultural business entities;policy loans,credit union loans and agricultural insurance services;this paper analyzes the current situation of inclusive finance supporting agricultural development in Chifeng City from the aspects of the supply of agricultural financial products,and verifies that inclusive finance plays a positive role in agricultural development from the perspective of grassroots farmers.Thirdly,through the questionnaire results,the main difficulties are summarized as follows: insufficient agricultural support services of agricultural financial institutions,insufficient supply of agricultural policy credit,insufficient innovation of loan products of agricultural credit cooperatives,imperfect agricultural financial risk mechanism,and rural inclusive financial environment need to be improved.Fourthly,the econometric method is used to select the empirical research on the data of inclusive finance and agricultural development in Chifeng City from 2016 to 2020.The results are positive and significant.Combined with the above questionnaire survey,it is demonstrated from the perspective of grassroots farmers and theoretical verification that inclusive finance has a positive effect on agricultural development.It is clear that policy loans and credit cooperatives loans have a positive effect on agricultural development,and agricultural insurance has little effect.In view of the above difficulties,this paper tries to find inspiration and reference from the inclusive financial service model of developed countries such as the United States,Japan and developing countries such as Brazil and Mexico.It is found that Chifeng can learn from the United States and Japan to create a good financial service environment,innovate inclusive financial service products and increase the role of agricultural finance and insurance.Learn from Brazil and Mexico to issue policy loans,play the role of government functions,and optimize inclusive financial services.Combined with the difficulties faced by inclusive finance in supporting agricultural development in Chifeng City,the corresponding optimization paths are proposed : actively promoting the service of agricultural institutions,expanding the supply of policy credit,innovating the loan service of inclusive financial credit cooperatives,improving the inclusive financial insurance mechanism,and optimizing the inclusive financial environment and system.The innovation of this paper lies in the novelty of the research object and research content,which provides reference for the improvement and innovation of inclusive finance in Chifeng City,provides theoretical basis and practical direction for other regions to support agricultural development through the development of inclusive finance,and provides a new research perspective for future related research.