Financing the construction & infrastructure supply chain
A project owner or PSU authority awards work to a main contractor, who runs it through subcontractors and buys cement, steel and aggregates on tight terms while payment waits on certified running-account bills. The Risk Signals Pack verifies the parties and the trade so a lender can fund the receivable with the risks surfaced.
Cluster intelligence · FY24
~₹111 Lakh Cr
National Infrastructure Pipeline (multi-year programme)
50,000+
PWD/CPWD-empanelled contractors, backed by a large MSME subcontractor base
Oct – Mar
post-monsoon build season + fiscal-year-end billing
₹25L – ₹5Cr
RA-bill / subcontractor finance ticket
Top demand segments:
Roads & highways~18%Real estate & urban~13%Energy & industrial~10%Source: IBEF · MoSPI · DEA National Infrastructure Pipeline. Figures are sector-level context from public export-promotion council reports — not AssureLocker data. For indicative context only; deal volumes vary by borrower and lender.
The three-party chain
Registration status, name match, and an established award / work-order relationship with the contractor
Identity verified, GST filing trail, bank-cashflow (consent-based, via the lender), no undisclosed charge or prior assignment on the RA-bill receivable
Capacity (turnover) for the scope, GST corroboration, related-party distance from A and B
What the pack catches in a construction deal
- An RA-bill receivable already assigned or charged elsewhere — surfaced from the CERSAI search (lender-side) before disbursal.
- A subcontractor that shares directors or an address with the main contractor (related-party over-billing).
- A contractor without the turnover, class or capacity for the project value.
- A billing leg with no measurement-book / certification corroborating that the work was actually done.
- Retention-money and front-loaded / over-billing patterns — flagged for the lender to weigh.
Schemes & evidence in infrastructure & construction
Most infrastructure & constructionMSMEs aren’t rejected because the business is weak — they’re bounced on fixable, technical gaps. The programmes below de-risk this lending, and each one (and the lender behind it) looks for specific evidence. Our pack assembles that evidence — source-verified and tier-labelled — so a creditworthy deal reads clearly. Signals, not decisions — the lender decides.
Programmes that de-risk it
- CGTMSE — collateral-free guarantee for construction MSMEs & subcontractors
- TReDS — on-exchange discounting of certified / accepted bills
- GeM / CPPP e-procurement — buyer-confirmed government / PSU work orders
Evidence our pack assembles
- ✓ Certified RA bill / measurement-book reference
- ✓ Work order + authority / buyer acceptance
- ✓ Contractor registration & class (PWD / CPWD)
- ✓ Subcontractor capacity & related-party distance
- + GSTIN status + filing regularity
- + e-invoice (IRN) & e-way consistency
- + Buyer PO / acceptance
- + Prior-charge / double-financing signal (lender-run on CERSAI)
- + Account Aggregator cash-flow (lender-side)
Scheme names are referenced for context only — see the avoidable rejections that bounce good MSMEs. AssureLocker is not affiliated with, integrated into, or endorsed by any government scheme; eligibility and approval rest with the lender and the scheme.
See a construction-trade pack
Flip between a clean, an incomplete and an adverse deal — then talk to us about an anchor-led pilot.
Evidence and signals for the lender’s decision only — not a credit score, and not a guarantee. Registry and bank-cashflow checks run under the lender’s own access and consent. Illustrative example.
What this is — and isn’t
Not TReDS
We don't run an exchange or auction — we assemble evidence for off-exchange / bilateral deals, complementary to TReDS.
Not CERSAI
We don't operate the charge registry; the charge search is lender-run on the lender's own CERSAI access (via AssureConnect).
Not an Account Aggregator
We're not an AA / FIU; AA cashflow is consent-pulled on the lender's own FIU — aggregates only.
Not an LMS
We don't book loans, set advance rates or disburse; we hand a review-ready packet to the lender's system of record.
Pilot ask
We’re looking for 3–5 lenders, anchors or associations to test this use case on controlled sample deals. No lending, broking, fund custody or credit decisioning by AssureLocker.
Success criteria: time-to-evidence in hours not days · risks (duplicate-financing, related-party, capacity) surfaced earlier · analyst hours saved per deal · an audit-ready, evidence-tiered trail.