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Complete NIC Code List for Udyam Registration
Understanding the NIC Code List is vital if you’re applying for Udyam Registration for your MSME. For the purposes of registering, NIC codes (National Industrial Classification) help categorize industries for government record purposes. This blog focuses on analyzing the list of services and manufacturing NIC Codes, their relevance to MSMEs, and how to select the correct one during Udyam registration.
What is NIC Code?
NIC stands for National Industrial Classification and it refers to a system that organizes business activities into categories. Having a NIC Code for Udyam Registration ensures proper allocation of enterprises with relevant subsidies, schemes, and benefits.
Why is NIC Code Important for MSMEs?
Choosing the appropriate NIC Code for Udyam Registration is important as it:
Determines Eligibility for Government Schemes
- Several MSME grants and financial assistance are limited to particular sectors.
- An incorrect code could lead to disqualification from advantages.
Smooth Business Registration
- Needed for Udyam, GST, and Company Registration.
- Assists in tax categorization.
Industry analysis & reporting
- Government uses NIC Codes for economic surveys.
- Assists in making policy decisions that impact MSMEs.
NIC Code List
Below is the comprehensive NIC Code list covering all major business sectors:
A. Agriculture, Forestry and Fishing
- 0111 Growing of cereals
- 0112 Growing of vegetables
- 0121 Growing of grapes
- 0141 Raising of dairy cattle
B. Mining and Quarrying
- 0510 Mining of hard coal
- 0710 Mining of iron ores
- 0810 Quarrying of stone
C. Manufacturing Sector
Food Products
- 1010 Processing of meat
- 1020 Processing of fish
- 1030 Processing of fruits and vegetables
- 1040 Manufacture of vegetable oils
- 1050 Manufacture of dairy products
- 1061 Manufacture of grain mill products
- 1071 Manufacture of bakery products
Textiles
- 1311 Preparation and spinning of cotton
- 1312 Weaving of cotton
- 1391 Manufacture of knitted fabrics
- 1410 Manufacture of wearing apparel
Chemicals
- 2011 Manufacture of basic chemicals
- 2021 Manufacture of pesticides
- 2030 Manufacture of paints and varnishes
D. Service Sector
Information Technology
- 6201 Computer programming activities
- 6202 Computer consultancy activities
- 6311 Data processing services
Transportation
- 4921 Urban and suburban passenger rail transport
- 4930 Taxi operation services
- 5020 Water freight transport
Professional Services
- 6910 Legal activities
- 7020 Management consultancy
- 7310 Advertising services
E. Construction
- 4100 Construction of buildings
- 4210 Construction of roads
- 4290 Other civil engineering projects
F. Wholesale and Retail Trade
- 4711 Retail sale in non-specialized stores with food
- 4719 Other retail sale in non-specialized stores
- 4721 Retail sale of food, beverages and tobacco in specialized stores
- 4751 Retail sale of household appliances
G. Financial and Insurance Activities
- 6419 Other monetary intermediation services
- 6512 Non-life insurance
- 6611 Administration of financial markets
- 6622 Activities of insurance agents and brokers
H. Real Estate Activities
- 6810 Real estate activities with own or leased property
- 6820 Real estate activities on a fee or contract basis
I. Education
- 8510 Pre-primary education
- 8521 General secondary education
- 8530 Higher education
- 8549 Other education not elsewhere classified
J. Human Health and Social Work Activities
- 8610 Hospital activities
- 8620 Medical and dental practice activities
- 8690 Other human health activities
K. Arts, Entertainment and Recreation
- 9000 Creative, arts and entertainment activities
- 9200 Gambling and betting activities
- 9311 Operation of sports facilities
- 9321 Activities of amusement parks
L. Accommodation and Food Service Activities
- 5510 Hotels and similar accommodation
- 5610 Restaurants and mobile food service activities
- 5621 Event catering services
M. Administrative and Support Services
- 7810 Activities of employment placement agencies
- 7820 Temporary employment agency activities
- 8121 General cleaning of buildings
How to Find Your Exact NIC Code
- Determine your principal area of economic activity
- Find the pertinent division (Manufacturing/Services/Agriculture)
- Select the maximal detail code that corresponds to your operations
Conclusion
It is critical to select the correct NIC code for MSME as it impacts an efficient Udyam Registration process. Be it manufacturing or services, make sure you use the proper classification so you can access government support.