Research On The Impact Of Digital Inclusive Finance On Farmers’ Entrepreneurship

In recent years,the popularity of modern information technology such as mobile payment,big data and cloud computing has boosted the development of digital inclusive finance,and the joint efforts of policy-oriented financial institutions,traditional financial institutions and financial technology institutions have contributed to the flourishing of digital inclusive finance."During the 13 th Five-Year Plan period,China has achieved a great victory in the fight against poverty.In order to meet new market demand and respond to the changing trend of consumer transformation and upgrading,it is necessary to further deepen the structural reform on the supply side,support "mass innovation and mass entrepreneurship",and create a new industry based on innovation-driven and quality supply.The No.1 document of the Central Government in 2021 proposes to attract talents to innovate and start businesses in rural areas and encourage them to participate in the revitalisation of the countryside and the construction of modern agriculture.Deepening innovation and entrepreneurship in rural areas is an effective way to achieve the well-being of farmers and a powerful measure to promote the integrated development of urban and rural areas.Farmers’ entrepreneurship is a key task during the 14 th Five-Year Plan period and an important way to introduce farmers to modern agricultural development.Of course,entrepreneurship,as a source of vitality for China’s economic development,cannot be achieved without the strong support of digital inclusive finance.This paper uses data from the China Household Survey(CFPS)and the China Digital Inclusive Finance Index published by Peking University to investigate the following: firstly,it defines the relevant core concepts;secondly,it analyses theoretically the impact of digital inclusive finance on the existence of farmers’ entrepreneurship and the mechanism of the impact;then it analyses the current situation of digital inclusive finance and farmers’ entrepreneurship in China and further analyses the characteristics;finally,through an empirical analysis of digital inclusive finance and farmers’ entrepreneurship,it examines the relationship that exists between the two and the way they are influenced and puts forward relevant policy recommendations.The results showed that the development of digital inclusive finance promoted the entrepreneurial decision-making of rural residents and greatly improved the entrepreneurial performance of rural residents.The mechanism’s evidence test confirms that the development of digital inclusive finance can improve entrepreneurial performance by promoting rural residents’ innovative behavior and easing financing constraints.Therefore,to vigorously develop inclusive digital finance is an effective way to promote farmers’ entrepreneurship and prosperity,and thus rural revitalization and development.