National Industrial Classification Code - NIC Code
The National Industrial Classification Code is known as the NIC code. It is a similar statistical database for the development and maintenance of different economic activities. This code has been implemented by the Government of India to track how various industrial sectors are working towards the country's economic growth.
The United National Statistical Commission, Department of Policy and Promotion, revised NIC 1987 into NIC 2008. The government has specifically instructed all Indian companies to obey the 2008 NIC code.
With the international system, the NIC 2008 is more compatible. It allows the enforcement processes for enrollment to run smoothly.
Why the NIC Code is Important?
NIC code holds great importance in various important areas:
Udyam Registration: In India, it is mandatory for micro, small, and medium-sized enterprises to obtain MSME Udyam registration as per the Micro, Small, and Medium Enterprises Development Act, 2006. While registering, these businesses must provide the correct NIC code. This helps in accurately grouping and easily identifying different businesses.
Company and LLP Registration: If a business is applying for Company or Limited Liability Partnership (LLP) registration through the Ministry of Corporate Affairs, it must include the relevant NIC code. This code plays an important role in classifying the type of activities carried out by the business. This makes compliance and data management a simple process.
These codes should be used by applicants and submitted for registration by their businesses. The NIC code list updated for your review is provided below.
|Section A||Agriculture, forestry, and fishing|
|Division 01||Crop and animal production, hunting, and related service activities|
|Group 011||Growing non-perennial crops|
|Group 012||Growing perennial crops|
|Group 013||Plant propagation|
|Group 014||Animal production|
|Group 015||Mixed farming|
|Group 016||Support activities for agriculture and post-harvest crop activities|
|Group 017||Hunting, trapping, and related service activities|
|Division 02||Forestry and logging|
|Group 021||Silviculture and other forestry activities|
|Group 023||Gathering of non-wood forest products|
|Group 024||Support services to forestry|
|Division 03||Fishing and aquaculture|
|Section B||Mining and quarrying|
|Division 05||Mining of coal and lignite|
|Group 051||Mining of hard coal|
|Group 052||Mining of lignite|
|Division 06||Extraction of crude petroleum and natural gas|
|Group 061||Extraction of crude petroleum|
|Group 062||Extraction of natural gas|
|Division 07||Mining of metal ores|
|Group 071||Mining of iron ores|
|Group 072||Mining of non-ferrous metal ores|
|Division 08||Other mining and quarrying|
|Group 081||Quarrying of stone, sand, and clay|
|Group 089||Mining and quarrying n.e.c.|
|Division 09||Mining support service activities|
|Group 091||Support activities for petroleum and natural gas mining|
|Group 099||Support activities for other mining and quarrying|
|Division 10||Manufacture of food products|
|Group 101||Processing and preserving of meat|
|Group 102||Processing and preserving of fish, crustaceans, and mollusks|
|Group 103||Processing and preserving of fruit and vegetables|
|Group 104||Manufacture of vegetable and animal oils and fats|
|Group 105||Manufacture of dairy products|
|Group 106||Manufacture of grain mill products, starches, and starch products|
|Group 107||Manufacture of other food products|
|Group 108||Manufacture of prepared animal feeds|
|Division 11||Manufacture of beverages|
|Group 110||Manufacture of beverages|
|Division 12||Manufacture of tobacco products|
|Group 120||Manufacture of tobacco products|
|Division 13||Manufacture of textiles|
|Group 131||Spinning, weaving, and finishing of textiles|
NIC code, also known as National Industrial Classification Code, plays an important role in the economy of India. It gives a clear structure for organizing various economic activities. Following the NIC code makes things more transparent, helps in government schemes and helps businesses to boost the country's economy. Whether it is obtaining Udyam registration or starting a company, using the correct NIC code is essential for smooth business operations in India.