The National Industrial Classification (NIC) code is a standardized system developed by the Ministry of Statistics and Programme Implementation (MoSPI). It plays a vital role in defining the business category and ensuring accurate classification.
The NIC code plays an important role in defining the business category and ensuring accurate classification. Finding an accurate NIC code is a complex and time-consuming process that increases the chances of mistakes. However, the steps given below will help you select the right NIC code according to your business activity:
Section | Code | Description |
---|---|---|
A (Agriculture, Forestry, and Fishing) | 0111 | Development of cereals and other crops |
A (Agriculture, Forestry, and Fishing) | 0321 | Marine fishing |
B (Mining and Quarrying) | 0510 | Mining of hard coal |
B (Mining and Quarrying) | 0891 | Chemical and fertilizer mineral mining |
C (Manufacturing) | 1050 | Manufacture of dairy products |
C (Manufacturing) | 1071 | Manufacture of bakery products |
C (Manufacturing) | 2023 | Manufacture of soap and detergents |
D (Electricity, Gas, Steam, and Air Conditioning Supply) | 3510 | Generation of electric power, transmission, and distribution |
D (Electricity, Gas, Steam, and Air Conditioning Supply) | 3530 | Steam and air conditioning supply |
E (Water Supply, Sewerage, Waste Management, and Remediation Activities) | 3700 | Sewerage |
E (Water Supply, Sewerage, Waste Management, and Remediation Activities) | 3900 | Activities for remediation and other waste management services |
G (Wholesale and Retail Trade) | 4711 | Retail sale in non-specialized stores |
G (Wholesale and Retail Trade) | 4730 | Retail sale of automotive fuel |
J (Information and Communication) | 6201 | Computer programming activities |
J (Information and Communication) | 6311 | Data processing and hosting services |
K (Financial and Insurance Activities) | 6419 | Other monetary intermediation |
K (Financial and Insurance Activities) | 6512 | Non-life insurance |
M (Professional, Scientific, and Technical Activities) | 7110 | Architectural and engineering activities |
M (Professional, Scientific, and Technical Activities) | 7490 | Professional, scientific, and technical activities |
P (Education) | 8541 | Sports and recreation education |
P (Education) | 8522 | Technical and vocational secondary education |
NIC code plays a very important role during Udyam Registration and is selected based on the business activity. The importance of NIC code increases in Udyam Registration due to the following reasons:
If you are looking to apply for MSME registration, visit the official site:
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