Based on the data from 1 867 counties (cities),this paper positivley analyzes the productivity effect on rural inclusive finance development in China.The result shows that,from a national perspective,the productivity effect of rural inclusive finance development in China is positive,and utility dimension of loan and contact dimension of rural finance products which constitutes the rural inclusive finance has significantly promoted the productivity growth in rural areas.From a regional perspective,the effect of inclusive financial development on rural productivity in central regions of China is positive,which is not significant in the western regions,while there is no efficiency loss in the eastern regions.Consequently,this paper puts forward some corresponding policy recommendations on how rural inclusive finance promotes the development of rural productivity.