Objective/Meaning The introduction of digital inclusive finance will continue to promote the income generation of rural low-income population, drive their consumption capacity and optimize the debt structure of low-income population in rural areas, which can further optimize the current working mechanism of assisting the low-income population in rural areas in China.
Methods/Procedures Based on the data of China Household Finance Survey (CHFS) in 2019 and the province-level data of Peking University Digital Financial Inclusion Index of China (PKU-DFIIC) in 2019, the impact of digital inclusive finance on the assistance of rural low-income population was quantitatively analyzed and evaluated from a micro perspective.
Results/ Conclusions There was a great resistance to the transmission of digital inclusive finance in rural areas. There were some problems, such as the less establishment of financial institutions, the cumbersome process of business handling, and the high threshold of villagers’ loans, and the higher cost of handling the process, etc. Therefore, focus on assisting the rural low-income population, the government should continue to promote the development of digital inclusive finance, promote the income generation for residents, drive the rural consumption, improve the debt structure of rural households, enhance the disposable income level of rural low-income populations, and prevent the large-scale returning to poverty.
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