Are you a small or medium-sized enterprise looking to register under the Udyam scheme? Are you confused about which NIC code to choose for your business? Well, fret not! In this comprehensive guide, we’ll walk you through everything you need to know about NIC codes for MSMEs and Udyam registration Portal. From understanding what NIC codes are to providing a detailed list of codes for various industries, we’ve got you covered.
Understanding NIC Codes: What Are They and Why Are They Important?
NIC codes, short for National Industrial Classification codes, are a standardized system used to categorize different types of economic activities. These codes are crucial for businesses as they help government agencies, financial institutions, and other entities identify and classify various industries accurately.
Importance of NIC Codes for MSMEs and Udyam Registration
When registering under the Udyam scheme or applying for any government-related permits or schemes, businesses are required to provide their NIC code. Choosing the right NIC code ensures that your business is correctly classified, making it eligible for relevant benefits, incentives, and support schemes provided by the government.
How to Determine the Right NIC Code for Your Business?
Determining the correct NIC code for your business involves understanding the primary economic activity your enterprise is engaged in. You can identify the appropriate NIC code by referring to the main activities your business undertakes and matching them with the corresponding code from the NIC code list.
Comprehensive List of NIC Codes for MSMEs
Here’s a comprehensive list of NIC codes for MSMEs across various industries:
Agriculture and Allied Activities
- Crop and animal production: 011, 012, 013
- Forestry and logging: 021
- Fishing and aquaculture: 031
Mining and Quarrying
- Mining of coal and lignite: 051
- Extraction of crude petroleum and natural gas: 052
- Mining of metal ores: 071
- Mining support service activities: 099
Manufacturing
- Manufacture of food products: 101
- Manufacture of beverages: 110
- Manufacture of textiles: 131
- Manufacture of wearing apparel: 141
- Manufacture of wood products: 161
- Manufacture of paper and paper products: 170
- Manufacture of chemicals and chemical products: 201
- Manufacture of pharmaceuticals, medicinal chemicals, and botanical products: 210
- Manufacture of rubber and plastics products: 221
- Manufacture of other non-metallic mineral products: 239
- Manufacture of basic metals: 241
- Manufacture of fabricated metal products: 259
- Manufacture of computer, electronic, and optical products: 262
- Manufacture of electrical equipment: 271
- Manufacture of machinery and equipment: 281
- Manufacture of motor vehicles, trailers, and semi-trailers: 291
- Manufacture of other transport equipment: 301
- Manufacture of furniture: 310
Electricity, Gas, Steam and Air Conditioning Supply
- Production and distribution of electricity: 351
- Manufacture of gas: 352
- Steam and air conditioning supply: 353
Construction
- Construction of buildings: 411
- Civil engineering: 421
- Specialized construction activities: 429
Wholesale and Retail Trade
- Wholesale trade: 451
- Retail trade: 471
Transportation and Storage
- Land transport and transport via pipelines: 491
- Water transport: 501
- Air transport: 511
- Warehousing and support activities for transportation: 521
Accommodation and Food Service Activities
- Accommodation: 551
- Food and beverage service activities: 561
Information and Communication
- Publishing activities: 581
- Motion picture, video, and television programme production, sound recording, and music publishing activities: 591
- Programming and broadcasting activities: 601
- Telecommunications: 611
- Information technology service activities: 620
Financial and Insurance Activities
- Financial service activities, except insurance and pension funding: 641
- Insurance, reinsurance, and pension funding, except compulsory social security: 651
- Activities auxiliary to financial services and insurance activities: 661
Real Estate Activities
- Real estate activities: 681
Professional, Scientific and Technical Activities
- Legal and accounting activities: 691
- Architectural and engineering activities; technical testing and analysis: 711
- Scientific research and development: 721
- Advertising and market research: 731
Administrative and Support Service Activities
- Employment activities: 741
- Activities of call centres: 749
Education
- Education: 801
Health and Social Work
- Human health activities: 861
- Residential care activities: 871
- Social work activities without accommodation: 889
Arts, Entertainment and Recreation
- Creative, arts, and entertainment activities: 900
- Gambling and betting activities: 920
- Sports activities and amusement and recreation activities: 931
Other Service Activities
- Activities of membership organizations: 941
- Repair of computers and personal and household goods: 951
- Washing and (dry-) cleaning of textile and fur products: 960
Conclusion
Choosing the right NIC code for Udyam registration is crucial for MSMEs seeking registration under the Udyam scheme or any other government-related initiatives. By accurately identifying and selecting the appropriate NIC code that aligns with your business activities, you ensure that your enterprise receives the benefits and support it deserves. Use this comprehensive list of NIC codes as a guide to navigate through the registration process smoothly and maximize the opportunities available for your business’s growth and development.
