Research on the Impact of Xizang's Inclusive Financial Service Capabilities on the Development of Agriculture and Animal Husbandry

DOI: https://doi.org/10.62517/jiem.202303210

Author(s)

Yanjun Lin, Minhua Liu*

Affiliation(s)

Guangzhou College of Commerce, Guangzhou, Guangdong, China *Corresponding Author.

Abstract

In order to maintain the development of rural finance and small and micro enterprises, the state has introduced a series of policies, including loan interest rate differentials, tax exemptions and concessions, re-loans and other related control policies. Among them, inclusive finance has a significant effect, which is very good. It supports the development of rural economy, expands the scope of financial services, increases the convenience of rural financial services, reduces the cost of financial services, and allows rural residents to truly enjoy financial services. This paper mainly introduces the meaning of inclusive finance, financial services and related theories. On this basis, it elaborates on the mechanism of inclusive financial service capabilities on agriculture and animal husbandry, as well as the experience of Xizang's inclusive financial service capabilities and agricultural and animal husbandry development. Based on the impact of the Xizang’s Autonomous Region's inclusive financial service capability index, the Xizang’s Autonomous Region's industrial structure, and the Xizang Autonomous Region's fiscal expenditure proportion on the development of agriculture and animal husbandry. The experimental results finally provide policy recommendations for Xizang’s inclusive financial service capabilities to support the sustainable and healthy development of agriculture and animal husbandry.

Keywords

Inclusive Finance; Agriculture and Animal Husbandry; Rural Finance

References

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