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 022	Logging
Group 023	Gathering of non-wood forest products
Group 024	Support services to forestry
Division 03	Fishing and aquaculture
Group 031	Fishing
Group 032	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
Section C	Manufacturing
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

Conclusion

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.