While applying for an Udyam Registration one of the most critical step is select the correct NIC Code for Business. It may look like just a string of numbers but this code define business identity in the eyes of Indian Government.

In this blog we have provided a Udyam NIC Code List PDF and explain what these codes are and how MSMEs owner can choose the right NIC Code for their business.

What is an NIC Code?

NIC Code (National Industrial Classification) is a statistical standard developed by the Ministry of Statistics and Programme Implementation (MoSPI) to categorize economic activities.

In simple words, instead of long description of what business does, They can use a specific 5-digit code that tells the government whether they are a manufacturer, a retailer, or a service provider.

Why is the NIC Code So Important?

Choosing the correct NIC code is not just a formality; it directly impacts your business in the following ways:

Choosing the correct NIC Code is very important because its directly impacts business in the following ways:

1. MSME Benefits: Many government subsidies and schemes (like the CLCSS for technology upgradation) are sector-specific. The wrong code could disqualify you from benefits meant for your industry.
2. Banking & Loans: Banks use NIC codes to assess the risk profile of your industry when you apply for a business loan.
3. Government Tenders: To participate in specific government tenders reserved for MSMEs, your Udyam certificate must reflect the relevant NIC code for that work.
4. Legal Accuracy: Having an accurate code ensures you stay compliant with GST and Income Tax classifications.

How to Read the NIC Code Structure

The NIC-2008 system used for Udyam registration follows a hierarchical structure:

• 2-Digit (Division): Broad sector (e.g., 10 – Manufacture of food products)
• 3-Digit (Group): More specific (e.g., 107 – Manufacture of other food products)
• 5-Digit (Sub-class): The exact activity (e.g., 10712 – Manufacture of biscuits, cakes, pastries)

Common NIC Codes for Small Businesses

If you are still in doubt how to start, here are some of the most popular codes used by Business.

How to Use Our NIC Code List PDF

To make your registration process seamless, follow these steps:

1. Download the PDF: Access the official list
2. Search by Keyword: Use Ctrl + F (on Windows) or Command + F (on Mac) and type a keyword related to your business (e.g., "Textile," "Consultancy," or "Repair").
3. Select Manufacturing or Service: Ensure you pick a code from the correct category.
4. Add Multiple Codes: Remember, if your business does more than one thing, you can add multiple NIC codes to a single Udyam certificate!

Need Expert Assistance?

If you select the wrong NIC code, it could cause issues when your business undergoes a bank audit. . If you are confused between two similar-looking codes, our experts at udyam helpline Number (9031675086) are there to guide you.

We provide end-to-end assistance for New Udyam Registration and Certificate Updates, udyam cancelation and etc. Contact our support team today to ensure your business is classified correctly!