Due to the lack of farmers' pledges, high agricultural risks, high loan costs of financial institutions and the lack of farmers' credit records, financial institutions are worried.

Difficult, expensive and complicated loans can be said to be the "persistent problem" of rural economic development. A survey of 20 14 shows that farmers have a strong demand for loans, but the normal credit approval rate of rural families is only 27.6%, far below the national average of 40.5%.

In reality, some financial institutions' "fund pools" are rich in water, but they just don't want to flow to farmers. The reason is that there are few farmers' pledges, high agricultural risks, high borrowing costs of financial institutions and few farmers' credit records, which make financial institutions very worried.

Extended Information 20 15 1 1 The 18th meeting of the Central Leading Group for Comprehensively Deepening Reform pointed out that "the purpose of developing inclusive finance is to improve the coverage, availability and satisfaction of financial services, meet the people's growing financial needs, especially to enable farmers, small and micro enterprises, urban low-income people, the poor, the disabled and the elderly to obtain reasonable prices in time.

From explicitly proposing the development of inclusive finance and encouraging financial innovation to printing and distributing the Plan for Promoting the Development of inclusive finance (20 16-2020), China has taken various measures to vigorously develop inclusive finance, and is committed to letting all kinds of market players share the rain and dew of financial services, with remarkable results.

In the next step, the key is to better connect with the rural revitalization strategy around "agriculture, rural areas and farmers", optimize the processes and services through reform and innovation, and meet farmers' financing needs in time.