Financial Measures for Poverty Alleviation
Financial measures are adopted in response to market demand. With more fund-raising channels, they help increase input and offer powerful support to China’s poverty elimination campaign.Under the guidance of the central authorities, local governments, financial institutions, enterprises and social organizations have played their roles in providing comprehensive financial services to poor areas and poor people, supporting low-income and poor rural households in production and business, and helping them escape poverty, increase income and enhance their economic and social status.
Relevant financial policies and mechanisms have improved, from soft loans to micro loans, from exploring the mode of financial assistance to devising a range of financial policies for poverty alleviation, and to targeted poverty alleviation supported by inclusive finance and financial technologies. Financial measures are applied extensively in China’s development-oriented poverty relief, and have become an effective tool in the campaign of poverty alleviation.