Subvention Scheme is a new form of bank financing for home loans. According to this scheme, after an individual applies for a loan for a property under construction, the concerned person need not pay any Pre- EMIs till fixed period or possession i.e., all the interest till fixed period or possession will be paid by the developer. So, basically you own a property without having to pay any interest till fixed period or possession!
Featured in Magicbricks.com, CEO Vineet Jain through more light on the topic.
Know more on this at: http://bit.ly/1sNZpDZ