It is an innovation that farmers in Longgang, Zhejiang Province pay housing provident fund system, so that farmers can also pay provident fund. The system stipulates that local farmers will be included in the provident fund security system in the pilot, and the provident fund management department will open individual provident fund accounts for farmers. Members of collective economic organizations can enjoy a loan amount of10.5 million to 500,000 as long as they have continuously paid the provident fund for six months. This system can basically cover the funding gap for farmers to buy houses.

1. The system stipulates that after the first batch of registered farmers are successfully audited, the local provident fund management department will open an account.

Unlike urban residents who pay housing provident fund, the local government organizes members to pay housing provident fund in the form of collective economy. The minimum monthly wage is 1.84 yuan, and it is paid monthly at the rate of 10%. Houseless households will also enjoy local financial subsidies, with a maximum monthly subsidy of 75 yuan per person.

2. Farmers' housing provident fund system requires continuous deposit for six months before they can enjoy loans.

According to the relevant regulations, farmers need to pay for 6 months in a row to enjoy it. The loan interest rate is only 2.7% to 3.2%, which is much lower than that of commercial bank loans. Moreover, the local meeting also passed the detailed rules for members of collective economic organizations to pay housing provident fund. Based on the local reality and bold attempts, the rural homestead reform can be further promoted.

3. This system requires local pilot farmers to pay the housing accumulation fund system, which will improve the housing quality of farmers.

This system will improve the living conditions of farmers, promote the integration of farmers and towns, and enable farmers to enjoy urban infrastructure. It will realize the equality of rights and basic services between farmers and towns. This system will also promote the people-oriented new urbanization process. This provision can be revoked after reaching the statutory retirement age or after the account has been closed for six months.