NIC Code – National Industrial Classification Code For Udyam registration

NIC Code is statistical code data for maintaining a comparable database for various economic activities. This National Industrial Classification Code is implemented by the Central Statistical Organisation (CSO) of the Ministry of Statistics and Programme, Government of India.

Why Do MSMEs Need NIC Code?

While applying for Udyam registration certificate/MSME certificate, applicant have to submit a NIC code. Whoever wants to register their small-scale business under the Micro, Small and Medium Enterprise Development Act, (MSMED Act 2006) can apply for MSME Udyam Certificate.

Why is NIC code important?

NIC code is a 5-digit unique code that is given to businesses based on their business activities and it is mandatory for several reasons such as:

• It is required at the time of enterprise registration so that the government can provide sector-specific benefits to micro, small and medium businesses based on the NIC code.
• To define business activities at the time of company registration.
• It helps to identify your business during GST, Income Tax and other regulatory filings.
• It helps government agencies to track industry growth.
• NIC code is required while taking a business loan from a bank.

How to find your NIC code?

NIC code is required during MSME Udyam registration so you need to identify the correct NIC code. So here is a step-by-step guide on how to find your NIC code:

1. Identify Business Activity

• Firstly, identify the primary activity of your business.

2. Download NIC-CODE List

Click on Download NIC-Code PDF to download the NIC Code list where you can see the classification of NIC codes based on the type of industry. For example:

• NIC codes suitable for the Agriculture & Allied Activities – 01 to 03
• NIC codes suitable for the manufacturing sector – 10 to 33
• NIC codes suitable for the Construction & Real Estate – 41 to 43
• NIC codes suitable for the Wholesale & Retail Trade – 45 to 47
• NIC codes suitable for the Transport, Logistics & Warehousing – 49 to 53
• NIC codes suitable for the Information Technology & Services – 58 to 63
• NIC codes suitable for the Healthcare & Education – 85 to 86