Pyring Loaning as an Answer to Industrial Challenges under Digitalization of the Russian Economy

Abstract

The strategy of digitalization of the Russian economy leads to a close attention to innovative lending instruments: their adaptation and use in industry context. In particular, in the article the necessity of finding new ways of lending in the agricultural production. The structural dynamic analysis allowed us to identify common features and trends of development of agricultural consumer credit as the main alternative forms of Bank lending to farmers. The development of digital technologies determines the attention to research of innovative forms of lending with a view to their integration into the architecture of the system of financing in the field of agricultural production. For small farms, according to the authors, the largest capacity in the peer-to-peer lending, which with proper use of technological tools can solve those problems that are not solved agricultural credit consumer cooperatives with regard lending to businesses. The introduction of peer-to-peer lending in the area of financing of small business entities of the Russian agro-industrial complex faced by a number of factors, both positive and deterrent orientation. However, analysis of these factors suggests that this form of lending has a reasonable chance of the introduction of a system of agricultural credit, as it reflects the economic interests of both parties of credit relations.