Comparative Study on Microcredit and Inclusive Finance

Microcredit mainly emphasizes providing small-scale financial services for poor and low-income groups;inclusive finance refers to provide financial services effectively and all-around for all social classes and groups.Based on discussing the emergence and development of microcredit and inclusive finance,this paper made the comparative analysis between microcredit and inclusive finance;it argued that the connection and difference were existed between them.Microcredit is essentially the concept and practice of inclusive finance;inclusive finance deepens and develops the cognition of microcredit theory.However,microcredit and inclusive finance are different from each other on the aspects of origin,theoretical foundation,organization types,business types,coverage and development goals.Finally,the paper proposed suggestions to promote the development of inclusive finance in our country.