A Net Worth Certificate is a statement that certifies the financial net worth of an individual or business, issued by a Chartered Accountant (CA).
Net worth = Total Assets - Total Liabilities (as on a particular date).
Used for loan applications, visa processing, tenders, government contracts, investments, and subsidy eligibility.
It assures that the person/company has sufficient financial strength.
In simple words: It's a CA-certified proof of financial strength.