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Inclusive finance is a new financial service concept proposed by the United Nations in 2005, emphasizing fair, effective, and comprehensive financial services. Judging from the practice and exploration of inclusive finance, the development of rural inclusive finance in Zhejiang Province, one of the most economically developed regions in China, has extremely high research value. In recent years, the financing advantages in the supply chain have developed a strong aspect rapidly at home and abroad. The characteristics of transferring from offline to online are so that the construction of an online platform affects the development of supply chain finance. The credit risk assessment of the online supply chain is mainly dependent on the deep learning neural network setup. The technique of deep learning has attracted the interest of researchers. There is no unified international standard for indicator systems to measure the development level of inclusive finance. The People’s Bank of China released the Analysis Report of China’s Inclusive Financial Indicators in 2016, which provides indicator screening criteria for the study of this paper. This paper analyzed the development status of rural inclusive finance in Zhejiang Province. This can be achieved through the concept of supply chain management. A supply chain is a combination of people, activities, and resources involved in moving a product or a task from supplier to customer. The basic steps of supply chain management are: plan, source, make, deliver, and return. Proper supply chain management imposes significant concerns related to fine opportunities. This leads to the expansion of the sales channels, both online and related to the customer relationships. Prices increase whenever consumption increases. Pricing continues to reduce towards a smaller competitive equilibrium as well as a greater optimum availability of goods and services when demand for commodities and services increases.
According to the evaluation indicator system in the Analysis Report of China’s Inclusive Financial Indicators (2020) released by the People’s Bank of China, this paper designed an indicator system for the development level of rural inclusive finance in Zhejiang Province, and then measured the development level using Li, (2017); Fu et al. 2020); Yang, (2017). The breadth of banking goods and financial sectors made accessible to impoverished people is known as inclusive finance. Due to their low earnings, these people are frequently shut out of financial institutions. It's all about advancing the concerns of underprivileged people while also ensuring their financial stability. China, as the country's second industry, has seen rapid growth and has a wealth of expertise with accessible banking firms. Financial inclusion, as a critical dimension of financial development, has made a considerable contribution to poverty reduction and the provincial growth of the economy.
EVALUATION OF THE DEVELOPMENT STATUS IN SUPPLY CHAIN OF RURAL INCLUSIVE FINANCE IN ZHEJIANG PROVINCE
The continuous improvement of rural inclusive financial service system leads to diversified rural financial service products, expanding coverage of rural financial services, and fast-growing financial institutions. It is difficult for the income and savings of Zhejiang rural households to meet the current capital demand for their production and life, which results in increasing rural households’ demand for rural inclusive financial loans. rural households’ demand for personal financial business is increasing year by year, and mobile payment means is available in rural areas, which leads to increasingly diversified demand for rural inclusive financial services (Ma et al. 2018). The economic operators in the development related to sharing allows transaction costs to be reduced which is related to the exchange of information and materials, improves the efficiency of supply chain (Zhang et al. 2021), (Orjulea et al. 2020). Throughout a recession, labor and capital instability causes a drop in economic production, as well as a drop in aggregate output. As a result of the decrease in actual items & services created, there is little to acquire. As a consequence, numerous individuals are unable to sustain their livability.