The work is done and certified. Here’s how the RA bill gets financed.
You’re a main contractor or EPC running work for a project owner or PSU authority, paying subcontractors and buying cement, steel and aggregates on tight terms while payment waits on certified running-account bills. Lenders don’t pass because your business is weak — they pass because verifying the award, the bills and the chain is slow and expensive. A source-verified evidence pack changes what they can see.
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.
Who gets checked — and what the lender looks at
Registration status, name match against the award, and whether an established award / work-order relationship with you exists on record
Verified identity, GST filing trail, bank-cashflow (with your consent, via the lender's own access), and that no undisclosed charge or prior assignment sits on the same RA-bill receivable
Whether the unit realistically has the turnover for the scope it carries, GST corroboration, and that it isn't related to you or the authority on paper
What trips good deals up in a construction deal
These are the patterns every lender screens for in construction lending. If your deal is clean, having the evidence ready is what makes that obvious — instead of leaving the lender to assume the worst.
- An RA-bill receivable already assigned or charged elsewhere — the lender's own CERSAI search surfaces this before disbursal, and a clean search is a strong start.
- A subcontractor that shares directors or an address with the main contractor — related-party over-billing is the first thing lenders probe.
- A contractor without the turnover, class or capacity for the project value — capacity that checks out is a point in your favour.
- A billing leg with no measurement-book or 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.
Your business, your data, your say
Verified once, reused
Your DigiKYB business identity is verified at the source (GSTN, MCA, Udyam) once — then reused across participating lenders with your consent, instead of a fresh document pile every time.
Consent on every share
Nothing moves without your explicit consent. Bank-cashflow checks run under the lender's own regulated access, and you see what was shared.
Signals, not verdicts
The pack presents evidence and signals; it is not a credit score and not a guarantee. Every lending decision stays with the lender.
Get your certified RA bills financed
Build your reusable DigiKYB business identity once, see what a lender sees on your certified bills, and start the next financing conversation with the evidence already assembled.
Evidence and signals for the lender’s decision only — not a credit score, and not a guarantee of financing. Registry and bank-cashflow checks run under the lender’s own access and your consent. Illustrative example.