NIC Code - National Industrial Classification, Meaning, Benefits, Importance, and Examples

Discover what an NIC code is and why it’s important for correctly classifying your business in MSME and Udyam registration.
Business Loan
3 min
02 March 2026

The National Industrial Classification (NIC) Code is an important system used in India to group businesses according to the type of economic activities they carry out. This guide explains what NIC Codes are, how they are used in processes like Udyam Registration and company incorporation, and why choosing the correct code is essential for compliance and government benefits. You will also learn how NIC Codes make registration easier, improve data collection, and help businesses access MSME schemes and financial support. This is useful for entrepreneurs, business owners, and anyone handling regulatory tasks.

What is NIC code?

The National Industrial Classification Code (NIC Code) is a system used to collect and organise data about different types of economic activities in India. It helps the government understand how each type of business activity contributes to the country’s economy.

The NIC code is a 5-digit number given to businesses based on what they do. This code helps the government identify and group businesses according to their main activities. The digits in the code represent the business sector and sub-sector.

On 26 June 2014, the Department of Policy and Promotion (DIPP), in its Press Note 4 (2014 series), announced the shift from NIC 1987 to NIC 2008. All Indian companies must now use the NIC 2008 classification. This updated version is more in line with international standards, making registration and compliance processes smoother.

Where is NIC code used?

NIC code is widely used across different sectors and applications to classify the nature of economic activities performed by businesses. It plays a crucial role in various administrative, statistical, and regulatory processes.

  • Udyam registration: NIC code is essential for classifying businesses under the MSME Act, which helps in identifying and categorising the type of economic activities conducted by Micro, Small, and Medium Enterprises (MSMEs).
  • Company registration/LLP registration: During the registration process of companies or Limited Liability Partnerships (LLPs), NIC code is used to specify the business activities.
  • Statistical data: Government agencies and statistical bodies use NIC code for the collection, analysis, and dissemination of economic data.
  • Taxation and compliance: Helps in identifying the business activities for various taxation and regulatory compliance requirements.

Udyam registration

NIC code plays a critical role in the Udyam Registration process, which is necessary for classifying businesses under the MSME Act.

  • Business classification: Helps in categorising the type of economic activity the business is involved in, ensuring appropriate classification under the MSME Act.Many new enterprises often benefit from startup business loans designed to support early-stage business development.
  • Regulatory compliance: Ensures that businesses comply with the necessary regulations and standards set for their specific type of economic activity.
  • Government schemes: Facilitates access to various government schemes and benefits specifically designed for MSMEs based on their classification.
  • Statistical data: Provides a basis for collecting and analysing data related to MSMEs, aiding in the formulation of policies and development programmes.

Company registration/LLP registration

The NIC code is crucial for the registration of companies and LLPs as it helps in categorising the business activities accurately.

  • Business activity identification: NIC code specifies the nature of the business activity during the registration process, ensuring appropriate categorisation.
  • Regulatory compliance: Helps in meeting the regulatory requirements specific to the business’s economic activity.
  • Statistical analysis: Assists government bodies in collecting and analysing data for policy-making and economic studies.
  • Industry classification: Ensures the business is classified correctly within its industry sector, aiding in regulatory and compliance processes.Many small business owners also explore MSME loan options to manage cash flow and operational expenses efficiently.

Read more about company registration and LLP registration.

Statistical data

NIC Codes help government departments and research bodies collect and analyse economic information in a structured way. By grouping similar types of businesses under the same code, authorities can study trends, track growth, and understand how different sectors contribute to the Indian economy. This data is useful for planning new policies, improving industry standards, and supporting national economic development.

Taxation and Compliance

NIC Codes also play an important role in taxation and regulatory compliance. They help identify the nature of a business activity, making it easier for tax authorities to determine the correct tax rules and reporting requirements. Using the right NIC Code ensures businesses stay compliant with GST, income tax, and other regulatory frameworks. It also helps in faster processing during audits, registrations, and government inspections.

What is the importance of the NIC code?

The NIC code is important for standardising the classification of business activities across various sectors. It ensures uniformity in the data collection process, aiding in effective policy formulation and economic analysis. Additionally, it facilitates regulatory compliance and helps businesses access government schemes and benefits.

  • Standardisation: Provides a uniform classification system for economic activities.
  • Data collection: Aids in systematic data collection and analysis.
  • Policy formulation: Supports the development of informed policies and programmes.
  • Regulatory compliance: Ensures businesses meet necessary regulatory requirements.

Examples of NIC Code Structure

Section C: Manufacturing – This is the broad category for all types of manufacturing businesses.
Division 20: Manufacture of Motor Vehicles, Trailers, and Semi-trailers – This includes businesses involved in making cars, trucks, trailers, and similar vehicles.
Group 291: Manufacture of Motor Vehicles – This group focuses specifically on the production of motor vehicles.
Class 2910: Manufacture of Motor Vehicles – This class includes all businesses that manufacture motor vehicles.
Subclass 29101: Manufacture of Motor Vehicles – This is the most detailed level and refers to a specific activity, like the actual making of cars or similar vehicles.

How to generate Udyog Aadhaar NIC code

Generating a Udyog Aadhaar NIC code involves a straightforward process through the official Udyam Registration portal.

  • Visit portal: Access the Udyam Registration portal online.
  • Enter details: Fill in business details, including PAN and Aadhaar information.
  • Select NIC code: Choose the appropriate NIC code that matches the business activity.
  • Submit application: Submit the form to generate the Udyog Aadhaar NIC code.
  • Receive certificate: Obtain the registration certificate with the NIC code.

Once registered, businesses can proceed to apply for MSME benefits and financial products. If you're not sure where you stand, it's a good time to check your business loan eligibility before applying for credit.

Benefits of Udyog Aadhaar Registration

Here are some key benefits you get with Udyog Aadhaar Registration:

  • Registered MSMEs can get financial help from the government to showcase their products at international trade fairs.
  • It allows businesses to apply for small loans and take part in various government schemes.
  • MSME registration helps in opening a current bank account in the company’s name.
  • Udyog Aadhaar gives access to several government benefits, such as low-interest loans, secured loans, and loans without needing any security.
  • Entrepreneurs with a Udyog Aadhaar card can also get government subsidies.

Steps to apply for NIC code for MSME registration

Applying for an NIC code for MSME registration involves several steps to ensure accurate classification and compliance.

  • Access Udyam portal: Visit the Udyam Registration portal.
  • Fill in business information: Provide necessary business details and owner’s Aadhaar number.
  • Select NIC code: Choose the NIC code that best describes the business activity.
  • Upload documents: Upload required documents, such as PAN card and business address proof.
  • Submit and pay fee: Submit the application and pay the registration fee online.
  • Verification: Await verification by the authorities.
  • Receive registration: Once verified, receive the Udyam Registration certificate.

Correct classification not only helps in compliance but also in securing targeted support—especially when applying for business loans or when looking to check your pre-approved business loan offer online.

Important documents needed for MSME application

When applying for MSME registration, several key documents are required to complete the process.

  • Aadhaar Card: Owner’s Aadhaar card for identity verification.
  • PAN Card: Business PAN card for tax identification.
  • Business address proof: Proof of the business’s physical address, such as a utility bill or lease agreement.
  • Bank account details: Bank statement or cancelled cheque to verify the business bank account.
  • NIC code: Appropriate NIC code to classify the business activity.

List of NIC code

Following is the detailed list of the NIC Code:

Section A - Agriculture, Forestry, and Fishing

  • Division 01 - Crop and animal production, hunting, and related service activities
  1. Group 011 - Growing of non-perennial crops
  2. Group 012 - Growing of perennial crops
  3. Group 013 - Plant propagation
  4. Group 014 - Animal production
  5. Group 015 - Mixed farming
  6. Group 016 - Support activities for agriculDivision 02 - Forestry and Loggingture and post-harvest crop activities
  7. Group 017 - Hunting, trapping, and related service activities
  • Division 02 - Forestry and Logging
  1. Group 021 - Silviculture and other forestry activities
  2. Group 022 - Logging
  3. Group 023 - Gathering of non-wood forest products
  4. Group 024 - Support services to forestry
  • Division 03 - Fishing and Aquaculture
  1. Group 031 - Fishing
  2. Group 032 - Aquaculture

Section B - Mining and quarrying

  • Division 05 - Mining of coal and lignite
  1. Group 051 - Mining of hard coal
  2. Group 052 - Mining of lignite
  • Division 06 - Extraction of crude petroleum and natural gas
  1. Group 061 - Extraction of crude petroleum
  2. Group 062 - Extraction of natural gas
  • Division 07 - Mining of metal ores
  1. Group 071 - Mining of iron ores
  2. Group 072 - Mining of non-ferrous metal ores
  • Division 08 - Other mining and quarrying
  1. Group 081 - Quarrying of stone, sand, and clay
  2. Group 089 - Mining and quarrying n.e.c.
  • Division 09 - Mining support service activities
  1. Group 091 - Support activities for petroleum and natural gas mining
  2. Group 099 - Support activities for other mining and quarrying

Section C - Manufacturing

  • Division 10 - Manufacture of food products
  1. Group 101 - Processing and preserving of meat
  2. Group 102 - Processing and preserving of fish, crustaceans, and molluscs
  3. Group 103 - Processing and preserving of fruit and vegetables
  4. Group 104 - Manufacture of vegetable and animal oils and fats
  5. Group 105 - Manufacture of dairy products
  6. Group 106 - Manufacture of grain mill products, starches, and starch products
  7. Group 107 - Manufacture of other food products
  8. Group 108 - Manufacture of prepared animal feeds
  • Division 11 - Manufacture of beverages
  1. Group 110 - Manufacture of beverages
  • Division 12 - Manufacture of tobacco products
  1. Group 120 - Manufacture of tobacco products
  • Division 13 - Manufacture of textiles
  1. Group 131 - Spinning, weaving, and finishing of textiles
  2. Group 139 - Manufacture of other textiles
  • Division 14 - Manufacture of wearing apparel
  1. Group 141 - Manufacture of wearing apparel, except fur apparel
  2. Group 142 - Manufacture of articles of fur
  3. Group 143 - Manufacture of knitted and crocheted apparel
  • Division 15 - Manufacture of leather and related products
  1. Group 151 - Tanning and dressing of leather; manufacture of luggage, handbags, saddlery & harness; dressing and dyeing of fur
  2. Group 152 - Manufacture of footwear
  • Division 16 - Manufacture of wood and products of wood & cork, except furniture; manufacture of articles of straw & plaiting materials
  1. Group 161 - Sawmilling & planning of wood
  2. Group 162 - Manufacture of products of wood, cork, straw & plaiting materials
  • Division 17 - Manufacture of paper & paper products
  1. Group 170 - Manufacture of paper & paper products
  • Division 18 - Printing and reproduction of recorded media
  1. Group 181 - Printing and service activities related to printing
  2. Group 182 - Reproduction of recorded media
  • Division 19 - Manufacture of coke and refined petroleum products
  1. Group 191 - Manufacture of coke oven products
  2. Group 192 - Manufacture of refined petroleum products
  • Division 20 - Manufacture of chemicals and chemical products
  1. Group 201 - Manufacture of basic chemicals, fertilizer & nitrogen compounds, plastics & synthetic rubber in primary forms
  2. Group 202 - Manufacture of other chemical products
  3. Group 202 - Manufacture of man-made fibres
  • Division 21 - Manufacture of pharmaceuticals, medicinal chemicals & botanical products
  1. Group 210 - Manufacture of pharmaceuticals, medicinal chemical and botanical products
  • Division 22 - Manufacture of rubber and plastics products
  1. Group 221 - Manufacture of rubber products
  2. Group 222 - Manufacture of plastics products
  • Division 23 - Manufacture of other non-metallic mineral products
  1. Group 231 - Manufacture of glass and glass products
  2. Group 239 - Manufacture of non-metallic mineral products n.e.c.
  • Division 24 - Manufacture of basic metals
  1. Group 241 - Manufacture of basic iron and steel
  2. Group 242 - Manufacture of basic precious and other non-ferrous metals
  3. Group 243 - Casting of metals
  • Division 25 - Manufacture of fabricated metal products, except machinery and equipment
  1. Group 251 - Manufacture of structural metal products, tanks, reservoirs and steam generators
  2. Group 252 - Manufacture of weapons and ammunition
  3. Group 259 - Manufacture of other fabricated metal products; metalworking service activities
  • Division 26 - Manufacture of computer, electronic & optical products
  1. Group 261 - Manufacture of electronic components
  2. Group 262 - Manufacture of computers and peripheral equipment
  3. Group 263 - Manufacture of communication equipment
  4. Group 264 - Manufacture of consumer electronics
  5. Group 265 - Manufacture of measuring, testing, navigating and control equipment; watches and clocks
  6. Group 266 - Manufacture of irradiation, electromedical and electrotherapeutic equipment
  7. Group 267 - Manufacture of optical instruments and equipment
  8. Group 268 - Manufacture of magnetic and optical media
  • Division 27 - Manufacture of electrical equipment
  1. Group 271 - Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
  2. Group 272 - Manufacture of batteries and accumulators
  3. Group 273 - Manufacture of wiring and wiring devices
  4. Group 274 - Manufacture of electric lighting equipment
  5. Group 275 - Manufacture of domestic appliances
  6. Group 279 - Manufacture of other electrical equipment
  • Division 28 - Manufacture of machinery and equipment n.e.c.
  1. Group 281 - Manufacture of general-purpose machinery
  2. Group 282 - Manufacture of special-purpose machinery
  • Division 29 - Manufacture of motor vehicles, trailers and semi-trailers
  1. Group 291 - Manufacture of motor vehicles
  2. Group 292 - Manufacture of bodies (coachwork) for motor vehicles; manufacture of trailers and semi-trailers
  3. Group 293 - Manufacture of parts and accessories for motor vehicles
  • Division 30 - Manufacture of other transport equipment
  1. Group 301 - Building of ships and boats
  2. Group 302 - Manufacture of railway locomotives and rolling stock
  3. Group 303 - Manufacture of air and spacecraft and related machinery
  4. Group 304 - Manufacture of military fighting vehicles
  5. Group 309 - Manufacture of transport equipment n.e.c.
  • Division 31 - Manufacture of furniture
  1. Group 310 - Manufacture of furniture
  • Division 32- Other manufacturing
  1. Group 321 - Manufacture of jewellery, bijouterie and related articles
  2. Group 322 - Manufacture of musical instruments
  3. Group 323 - Manufacture of sports goods
  4. Group 324 - Manufacture of games and toys
  5. Group 325 - Manufacture of medical and dental instruments and supplies
  6. Group 329 - Other manufacturing n.e.c.
  • Division 33 - Repair and installation of machinery & equipment
  1. Group 331 - Repair of fabricated metal products, machinery & equipment
  2. Group 332 - Installation of industrial machinery & equipment

Section D - Electricity, gas, steam, and air conditioning supply

  • Division 35 - Electricity, gas, steam and air conditioning supply
  1. Group 351 - Electric power generation, transmission and distribution
  2. Group 352 - Manufacture of gas; distribution of gaseous fuels through mains
  3. Group 353 - Steam and air conditioning supply

Section E - Water supply; sewerage, waste management & remediation activities

  • Division 36 - Water collection, treatment and supply
  1. Group 360 - Water collection, treatment and supply
  • Division 37 - Sewerage
  1. Group 370 - Sewerage
  • Division 38 - Waste collection, treatment & disposal activities; materials recovery
  1. Group 381 - Waste collection
  2. Group 382 - Waste treatment and disposal
  3. Group 383 - Materials recovery
  • Division 39 - Remediation activities & other waste management services
  1. Group 390 - Remediation activities and other waste management services

Section F - Construction

  • Division 41 - Construction of buildings
  1. Group 410 - Construction of buildings
  • Division 42 - Civil engineering
  1. Group 421 - Construction of roads and railways
  2. Group 422 - Construction of utility projects
  3. Group 429 - Construction of other civil engineering projects
  • Division 43 - Specialized construction activities
  1. Group 431 - Demolition and site preparation
  2. Group 432 - Electrical, plumbing and other construction installation activities
  3. Group 433 - Building completion and finishing
  4. Group 439 - Other specialized construction activities

Section G - Wholesale and retail trade; repair of motor vehicles & motorcycles

  • Division 45 - Wholesale and retail trade; repair of motor vehicles and motorcycles
  1. Group 451 - Sale of motor vehicles
  2. Group 452 - Maintenance and repair of motor vehicles
  3. Group 453 - Sale of motor vehicle parts and accessories
  4. Group 454 - Sale, maintenance and repair of motorcycles and related parts and accessories
  • Division 46 - Wholesale trade, except of motor vehicles and motorcycles
  1. Group 461 - Wholesale on a fee or contract basis
  2. Group 462 - Wholesale of agricultural raw materials and live animals
  3. Group 463 - Wholesale of food, beverages and tobacco
  4. Group 464 - Wholesale of household goods
  5. Group 465 - Wholesale of machinery, equipment and supplies
  6. Group 466 - Other specialised wholesale
  7. Group 469 - Non-specialized wholesale trade
  • Division 47 - Retail trade, except for motor vehicles and motorcycles
  1. Group 471 - Retail sale in non-specialized stores
  2. Group 472 - Retail sale of food, beverages and tobacco in specialised stores
  3. Group 473 - Retail sale of automotive fuel in specialised stores
  4. Group 474 - Retail sale of information and communications equipment in specialised stores
  5. Group 475 - Retail sale of other household equipment in specialised stores
  6. Group 476 - Retail sale of cultural and recreation goods in specialised stores
  7. Group 477 - Retail sale of other goods in specialised stores
  8. Group 478 - Retail sale via stalls and markets
  9. Group 479 - Retail trade not in stores, stalls or markets

Section H - Transportation and storage

  • Division 49 - Land transport & transport via pipelines
  1. Group 491 - Transport via railways
  2. Group 492 - Other land transport
  3. Group 493 - Transport via pipeline
  • Division 50 - Water transport
  1. Group 501 - Sea and coastal water transport
  2. Group 502 - Inland water transport
  • Division 51 - Air transport
  1. Group 511 - Passenger air transport
  2. Group 512 - Freight air transport
  • Division 52 - Warehousing and support activities for transportation
  1. Group 521 - Warehousing and storage
  2. Group 522 - Support activities for transportation
  • Division 53 - Postal and courier activities
  1. Group 531 - Postal activities
  2. Group 532 - Courier activities

Section I - Accommodation and Food service activities

  • Division 55 - Accommodation
  1. Group 551 - Short-term accommodation activities
  2. Group 552 - Camping grounds, recreational vehicle parks and trailer parks
  3. Group 559 - Other accommodation
  • Division 56 - Food and beverage service activities
  1. Group 561 - Restaurants and mobile food service activities
  2. Group 562 - Event catering and other food service activities
  3. Group 563 - Beverage serving activities

Section J - Information and communication

  • Division 58 - Publishing activities
  1. Group 581 - Publishing of books, periodicals and other publishing activities
  2. Group 582 - Software publishing
  • Division 59 - Motion picture, video and television programme production, sound recording and music publishing activities
  1. Group 591 - Motion picture, video and television programme activities
  2. Group 592 - Sound recording and music publishing activities
  • Division 60 - Broadcasting and programming activities
  1. Group 601 - Radio broadcasting
  2. Group 602 - Television programming and broadcasting activities
  • Division 61 - Telecommunications
  1. Group 611 - Wired telecommunications activities
  2. Group 612 - Wireless telecommunications activities
  3. Group 613 - Satellite telecommunications activities
  4. Group 619 - Other telecommunications activities
  • Division 62 - Computer programming, consultancy and related activities
  1. Group 620 - Computer programming, consultancy and related activities
  • Division 63 - Information service activities
  1. Group 631 - Data processing, hosting and related activities; web portals
  2. Group 639 - Other information service activities

Section K - Financial and insurance activities

  • Division 64 - Financial service activities, except insurance and pension funding
  1. Group 641 - Monetary intermediation
  2. Group 642 - Activities of holding companies
  3. Group 643 - Trusts, funds and other financial vehicles
  4. Group 649 - Other financial service activities, except insurance and pension funding activities
  • Division 65 - Insurance, reinsurance and pension funding, except compulsory social security
  1. Group 651 - Insurance
  2. Group 652 - Reinsurance
  3. Group 653 - Pension funding
  • Division 66 - Other financial activities
  1. Group 661 - Activities auxiliary to financial service activities, except insurance and pension funding
  2. Group 662 - Activities auxiliary to insurance and pension funding
  3. Group 663 - Fund management activities

Section L - Real estate activities

  • Division 68 - Real estate activities
  1. Group 681 - Real estate activities with own or leased property
  2. Group 682 - Real estate activities on a fee or contract basis

Section M - Professional, scientific and technical activities

  • Division 69 - Legal and accounting activities
  1. Group 691 - Legal activities
  2. Group 692 - Accounting, bookkeeping and auditing activities; tax consultancy
  • Division 70 - Activities of head offices; management consultancy activities
  1. Group 701 - Activities of head offices
  2. Group 702 - Management consultancy activities
  • Division 71 - Architecture & engineering activities; technical testing and analysis
  1. Group 711 - Architectural and engineering activities and related technical consultancy
  2. Group 712 - Technical testing and analysis
  • Division 72 - Scientific research and development
  1. Group 721 - Research and experimental development on natural sciences and engineering
  2. Group 722 - Research and experimental development on social sciences and humanities
  • Division 73 - Advertising and market research
  1. Group 731 - Advertising
  2. Group 732 - Market research and public opinion polling
  • Division 74 - Other professional, scientific and technical activities
  1. Group 741 - Specialised design activities
  2. Group 742 - Photographic activities
  3. Group 749 - Other professional, scientific and technical activities n.e.c.
  • Division 75 - Veterinary activities
  1. Group 750 - Veterinary activities

Section N - Administrative and support service activities

  • Division 77 - Rental and leasing activities
  1. Group 771 - Renting and leasing of motor vehicles
  2. Group 772 - Renting and leasing of personal and household goods
  3. Group 773 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.
  4. Group 774 - Leasing of nonfinancial intangible assets
  • Division 78 - Employment activities
  1. Group 781 - Activities of employment placement agencies
  2. Group 782 - Temporary employment agency activities
  3. Group 783 - Human resources provision and management of human resources functions
  • Division 79 - Travel agency, tour operator and other reservation service activities
  1. Group 791 - Travel agency and tour operator activities
  2. Group 799 - Other reservation service activities
  • Division 80 - Security and investigation activities
  1. Group 801 - Private security activities
  2. Group 802 - Security systems service activities
  3. Group 803 - Investigation activities
  • Division 81 - Services to buildings and landscape activities
  1. Group 811 - Combined facilities support activities
  2. Group 812 - Cleaning activities
  3. Group 813 - Landscape care and maintenance service activities
  • Division 82 - Office administrative, office support and other business support activities
  1. Group 821 - Combined facilities support activities
  2. Group 822 - Activities of call centres
  3. Group 823 - Organization of conventions and trade shows
  4. Group 829 - Business support service activities n.e.c.

Section O - Public administration and defence; compulsory social security

  • Division 84 - Public administration and defence; compulsory social security
  1. Group 841 - Administration of the State and the economic and social policy of the community
  2. Group 842 - Provision of services to the community as a whole
  3. Group 843 - Compulsory social security activities

Section P - Education

  • Division 85 - Education
  1. Group 851 - Primary education
  2. Group 852 - Secondary education
  3. Group 853 - Higher education
  4. Group 854 - Other education
  5. Group 855 - Educational support services

Section Q - Human health and social work activities

  • Division 86 - Human health activities
  1. Group 861 - Hospital activities
  2. Group 862 - Medical and dental practice activities
  3. Group 869 - Other human health activities
  • Division 87 - Residential care activities
  1. Group 871 - Nursing care facilities
  2. Group 872 - Residential care activities for mental retardation, mental health and substance abuse
  3. Group 873 - Residential care activities for the elderly and disabled
  4. Group 879 - Other residential care activities n.e.c.
  • Division 88 - Social work activities without accommodation
  1. Group 881 - Social work activities without accommodation for the elderly and disabled
  2. Group 889 - Other social work activities without accommodation n.e.c.

Section R - Arts, entertainment and recreation

  • Division 90 - Creative, arts and entertainment activities
  1. Group 900 - Creative, arts and entertainment activities
  • Division 91 - Libraries, archives, museums and other cultural activities
  1. Group 910 - Libraries, archives, museums and other cultural activities
  • Division 92 - Gambling and betting activities
  1. Group 920 - Gambling and betting activities
  • Division 93 - Sports activities and amusement and recreation activities
  1. Group 931 - Sports activities
  2. Group 932 - Other amusement and recreation activities

Section S - Other Service Activities

  • Division 94 - Activities of membership organisations
  1. Group 941 - Activities of business, employers and professional membership organisations
  2. Group 942 - Activities of trade unions

Section T - Activities of households as employers; undifferentiated goods and services-producing activities of households for own use

  • Division 97 - Activities of households as employers of domestic personnel
  • Division 98 - Undifferentiated goods and services-producing activities of private households for own use

Section U - Activities of Extraterritorial Organizations and Bodies

  • Division 99 - Activities of extraterritorial organisations and bodies

Exploring Bajaj Finance Business Loan

Business loans provide a range of features and benefits designed to meet the unique requirements of managing and expanding a business efficiently. Here are some of the key advantages of a business loan:

  • Rapid disbursement: Funds can be credited in as little as 48 hours after approval, enabling businesses to respond quickly to opportunities and urgent needs.
  • Simplified application process: Online applications streamline the process, reducing paperwork and saving valuable time.
  • High loan amount: Businesses can access funds of up to Rs. 80 lakh, depending on their needs and business loan eligibility.

Additionally, businesses can calculate their repayment obligations using a business loan EMI calculator and stay informed about the prevailing business loan interest rate to plan finances effectively.

These features make a business loan a practical and accessible financial tool for organisations seeking to maintain or accelerate growth.

Helpful resources and tips for business loan borrowers

Types of Business Loan

Business Loan for Women

Startup Business Loan

Micro Loan

Unsecured Business Loan

How to Apply for Business Loan

Working Capital Loan

MSME Loan

Mudra Loan

Machinery Loan

Personal Loan for Self Employed

Commercial Loan

Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

  • Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.
  • Invest in fixed deposits and mutual funds on the app.
  • Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.
  • Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.
  • Apply for Insta EMI Card and get a pre-qualified limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.
  • Shop from over 100+ brand partners that offer a diverse range of products and services.
  • Use specialised tools like EMI calculators, SIP Calculators
  • Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.
For customer support, call Personal Loan IVR: 7757 000 000

Frequently asked questions

How do I find my NIC code?
You can find your NIC code on the Ministry of Corporate Affairs (MCA) website or your business registration documents.
What is an NIC code?
NIC code is a numerical classification used to categorize businesses and economic activities in India.
What is NIC 4 digit?
NIC 4 digit is a more specific classification within the NIC code system, detailing the particular business activity.
What is the NIC code 241?
NIC code 241 refers to the manufacture of basic iron and steel in the National Industrial Classification system.
What is the difference between NIC Code and HS Code?

NIC Code and HS Code are two separate classification systems. NIC Code is used to classify businesses based on what they do, while HS Code is used to classify goods for customs and import-export purposes.

Can I have multiple NIC Codes for my business?

Usually, a business will have one main NIC Code based on its core activity. But if your business is involved in more than one type of work, you might need more NIC Codes. In such cases, it’s best to talk to a professional advisor to check if registering extra NIC Codes is required.

What happens if I choose the wrong NIC Code?

If you choose the wrong NIC Code, it could delay your Udyam registration or make you ineligible for some benefits. If you're not sure which code to use, it's a good idea to speak to a professional before applying.

What happens if I choose the wrong NIC Code?

Since 2014, the NIC 2008 code has been in use (replacing the older NIC 1987 version). All businesses in India are now classified based on the NIC 2008 system. This makes the registration process smoother and helps with compliance, especially when registering on the Udyam portal.

Show More Show Less