Plight and Countermeasures of Petty Credit Loan in Rural Financial Institutions in the Context of Rural Revitalization Strategy

The implementation of China’s rural revitalization strategy will surely release a huge financial demand in rural areas. How to use the petty credit loan in rural financial institutions to develop rural economy is an effective way to implement the rural revitalization strategy. This paper first analyzes the significance of petty credit loan in rural financial institutions for rural revitalization strategy, then introduces the remarkable contribution of petty credit loan in China’s rural financial institutions to actively solving the problems of farmers about difficult financing and expensive financing and elaborates on the main problems of petty credit loan business in rural financial institutions that still exist in the process of supporting rural revitalization, and finally gives several suggestions on solving the problems about the financing of farmers and the development of petty credit loan business in rural financial institutions