National Industrial Classification (NIC) Code List

National Industrial Classification List 2008 (NIC Code List). For Udyam registration, MSME registration, and company registration in India, look up the NIC code online.

What exactly is a NIC Code?

The National Industrial Classification Code (NIC Code) is a collection of classifications that can be used to categorize the various Micro, Small, and Medium Enterprises’ commercial operations in India. The National Industrial Classification (NIC) is a key Statistical Standard for building and storing comparative data sets based on economic activity. These categories are frequently used to categorize the socially active workforce, agricultural output and consumption numbers, other fields of labor statistics, and other economic elements like national incentivization.

Who creates the NIC code?

The Indian government’s Central Statistical Organization (CSO) created the NIC Code in 1970 to classify enterprises in India.

What is the purpose of the NIC Code?

In India, a NIC code is used to get Udyam Registration, Udyog Aadhar Registration, MSME Registration, or to register a corporation or LLP.

NIC Code List 2021

Find your NIC code for Udyog Aadhar Registration Certificate, MSME Registration Certificate, company registration, or LLP registration in India.

National Industrial Classification

The National Industrial Classification (NIC) is an important Statistical Standard for building and maintaining comparable databases based on economic activity. The economically active population, industrial output and distribution statistics, numerous fields of labor statistics, and other economic data such as national income are all classified using these classifications. Standardization of a classification system requires the comparability of statistics from multiple sources on various areas of the economy, as well as their usability for economic analysis.

The National Industrial Classification System of 2008

The National Industrial Classification 2008 (NIC-2008) is an upgrade to the National Industrial Classification 2004 (NIC-2004). Countries should either adopt national versions of the ISIC, Revision 4, or adapt their national classifications so that data can be presented according to the ISIC, 10 Revision 4 categories, according to the UN Statistical Commission’s 38th session. Countries should be able to provide data at the two-digit (division) level of the International Standard Industrial Classification (ISIC) without losing information; that is, national classifications should be entirely compatible with this level of the ISIC, or they should be able to be arranged.

The 2008 National Industrial Classification intends to create a framework for collecting, analyzing, and disseminating industry-specific economic data in India. NIC is widely utilized by government agencies, industry organizations, and scholars for many administrative, analytical, and research objectives, in addition to being the standard industrial classification that underlies Indian Industrial Statistics. The National Industrial Classification System (NIC-2008) has been revised to provide a more up-to-date industrial classification system.

Where does the NIC code come into play?

1. Udyam Registration: To apply for registration as a micro, small, or medium-sized business under the Micro, Small, and Medium Enterprise Development Act of 2006, go to the Udyam portal. When registering on the Udyam portal, you must provide your NIC code.

2. Formation of a Company and LLP: A corporation or a limited liability partnership (LLP) must be registered on the MCA (Ministry of Corporate Affairs) Portal in order to be formed. The company’s NIC code is necessary for registration.

How to Get a NIC Code for an MSME Registration

NIC is necessary for registering an MSME under the Udyog Aadhaar scheme. The entrepreneur’s Aadhar card number, company name, the essence of the organization, MSME Unit operations, phone number, postal address, bank data, and NIC code must all be submitted. The NIC code in MSME is a classification method that allows MSMEs to be classified based on their business operations.

The steps for filling up the NIC code for MSME are as follows:

● You can either perform a rapid NIC code search by entering a keyword, or you can manually fill in the code.

● The other option is to choose a business operation, such as manufacturing or service, and then enter two-digit, four-digit, and five-digit NIC codes.

● If you make a mistake and enter an erroneous NIC code, you can correct it in Udyog Aadhaar and create an acknowledgment.

● The National Industrial Classification code must be entered from the manual.

● To cover all of their company activities, applicants might select more than one National Industrial Classification Code-2008.