The role of the University in the development of the economy and rural areas of the region

The article presents the results of the conducted research on the importance of the agricultural sector in the regional economy and the development of rural areas. The agro-industrial complex of the regions and the country as a whole is developing promisingly, increasing its production volumes and ensuring the achievement of food security indicators for all types of food products. The analysis of socio-economic indicators of the development of the regional agro-industrial complex indicates an annual increase in the average monthly wage of workers, which has increased almost 3 times over an eight-year period, however, the number of rural population and the level of employment in the agro-industrial complex have been declining since 2016. The considered volume of investments in fixed capital of the regional agro-industrial complex shows an increase from 2016 to 2023 by 83%, including an increase in the share of the level of state support in the areas of subsidies. In this regard, the role of the Federal State Budgetary Educational Institution of Higher Education "Oryol State Agrarian University named after N.V. Parakhin" is determined in increasing the level of demand for the rural population for state subsidies and grants, through informing the small and medium business sector about state programs for the development of agriculture and areas of subsidizing individual sectors of the agro-industrial complex. The formed student team of the university also carries out work on financial education of residents of rural areas by means of the created chain of acceleration of interconnectedness of structures and programs of the higher educational institution: student financial team "FinAgro" - Farmer's School - Agribusiness Consulting Center. The contribution of the Federal State Budgetary Educational Institution of Higher Education Oryol State Agrarian University to the development of the regional economy in the direction of small and medium entrepreneurship covers 24 districts of the Oryol region, annually 45-48% of grant support participants from all application activities within the framework of state support for receiving a grant are prepared. The coverage of residents of rural areas for the purpose of familiarization with preferential credit products of commercial banking organizations is 35-40%, and small and medium businesses at the level of 20-25%.