Research on the Development of Inclusive Finance in Poverty-stricken Areas under the Background of Precise Poverty Alleviation

Abstract

Currently, the government has vigorously promoted the precise poverty alleviation. Considered to be a basic work for precision poverty alleviation, the Inclusive Finance can effectively promoted precision poverty alleviation. Increasing financial supply in poverty-stricken areas through the development of Inclusive Finance is the main focus of financial poverty alleviation work. The purpose of Inclusive Finance is to establish an effective and all-round financial system to provide services to all social strata and groups, and to provide the vulnerable groups with equal access to modern financial services and rights. Inclusive Finance takes system as guarantee, product as carrier and service as advantage, so as to improve the accuracy and effectiveness of financial poverty alleviation. Although the Inclusive Finance work in poverty-stricken areas has achieved some achievements in recent years, there are still vast poor people in the rural areas which have led to many problems in the implementation of the Inclusive Finance. This paper mainly introduces the concept and characteristics of the Inclusive Finance under the background of precise poverty alleviation. It deeply analyzes the problems in the implementation of the Inclusive Finance in China povertystricken areas, and put forward suggestions on how to improve rural Inclusive Finance in response to existing problems. This paper hopes to improve the Inclusive Finance system in povertystricken areas and better assist in the realization of the goal of precise poverty alleviation. Keywords—precision poverty alleviation; Inclusive Finance; poverty-stricken areas; precise poverty alleviation