Know Everything About the NIC Code for Kirana Store

According to the National Industrial Classification System (NIC 2008), the NIC code for the Kirana store is 47110. It is used to sell retail products by non-specialised establishments for food, cigarettes, and beverages. The 2008 National Industrial Classification Framework aims to establish standards for collecting, analysing, researching, and disseminating economic activity data across the Indian nation. 

Most tasks are categorised as 'vote counting levels' or 'campaign groups' in a hierarchical fashion.

Did You Know? NIC traces back to the 1960s when the Central Statistical Organization (CSO) adopted the mission of developing a classification scheme.

Overview: National Industrial Classification 

Enterprises and surveys have commonly used the National Industrial Classification (NIC) and commercial firms for many years to track business activities, national income estimation, population census calculations, and many more. Some of the many categories covered by the NIC scheme include (but are not limited to) - food and agriculture, national employment services, industry and commerce, planning commission, India Bureau of Mines, Labour Bureau, etc.

Where is the NIC Code Used?

The NIC code is used for classification purposes and assigned by the Government of India to track the flow of various goods and retail activities done by small-scale, medium, and large enterprises. The NIC code for kirana shop establishments is also applied to trace commercial activities, in order to study the relationship between business revenue and the nation's economic wealth. These codes are widely used by government agencies, industry verticals, and scholars for research and analytical objectives. The main areas where NIC 2-digit code schemes are employed are as follows

Also Read: Understand the Difference Between a Private and Public Limited Company

1. During the Creation of LLP and Private Company

The company and LLP formation will need to be registered with the Ministry of Corporate Affairs (MCA). The company's NIC code will be required to complete the registration process.

2. Udyam Registration

You can provide your NIC code during Udyam registration by logging into the portal. It can be found under the Micro, Small, and Medium Enterprise Development Act (2006) and you can mention it while registering online.

Importance of the General Store NIC Code

Below is a list of reasons why the NIC code for the general store is so crucial:

• Besides benefiting individuals, it is also used to register commercial entities.
• The NIC code for the Kirana store is used for invoicing purposes so that the government can keep track of the firm.
• Kirana NIC code is used for Udyog Aadhar registrations and for forming partnerships between corporations and Limited Liability Partnership (LLP) firms.

NIC Code for Kirana Shop

We have provided a list of NIC codes for Kirana shops. Check these tables for reference.:

NIC Code for Retailers

Kirana stores these days aren't limited to tobacco and food products, with owners often venturing into the sale of other items and services with retail as the central theme.                   

NIC (National Industrial Classification) codes are used by the government of India to classify businesses based on the nature of the operation. In the case of Kirana shops, the NIC code assigned is 4711, which falls under the category of "Retail Trade". This code allows Kirana shops to engage in the retail sale of goods, including groceries, food, household goods, personal goods, etc. 

2-Digit NIC Codes

This table covers the 2-digit NIC codes used by Kirana shops. It describes what each is allowed to sell and delves into detail about the types of products and services. 

Below is a compilation of that list for your reference.

If you are not sure of which NIC code to use for your Kirana store business, you can get an answer by visiting the Udyam registration website. In general, the NIC code for retail is a 2-digit number which can vary from business to business. The store's NIC code will meet guidelines laid down by the government and ensure that the company fulfills all requirements when operating in particular regions.

Also Read: Udyog Aadhar Registration - Step by Step Process for Online Udyog Aadhaar Registration

Benefits of Udyog Aadhar Registration

Here are the benefits of Udyog Aadhar Registration that come with NIC codes.

• MSMEs will be eligible to receive financial assistance when they showcase their products at international trade shows.
• Businesses can apply for micro-loans and other schemes.
• MSMEs will be able to open new bank accounts and register them in the company's name.
• A Udyog Aadhar card holder will be eligible for various government subsidies.
• Udyog Aadhar registration also offers multiple benefits to entrepreneurs, such as government-sponsored special incentives, secured and unsecured loans, lower interest rates, etc.

How to Generate Udyog Aadhar Kirana NIC Code

The business will need to register for a Udyog Aadhar number, a 12-digit code assigned to the company. To do that, here are the steps that need to be followed:

• Fill out the Udyog Aadhar form on the official website. There will be 10 sections, all of which need to be specified. Section 9 will feature bank information, and Section 10 will include the completion of major activities, which are very important.
• The 11 number sections on the form will contain NIC codes. Before filling in that portion, do a quick NIC code check online by typing keywords into the portal search area. Or you can select the business operation/service type from the portal and specify the number from there. You can use the online search tool to find information.
• Enter your 2-digit code, 4-digit code, and 5-digit code. You will receive an acknowledgement upon completion. You can also use the search bar to get the National Industrial Classification Code for your Kirana store or company. Be sure to download the PDF file online to refer to other NIC code lists in the future.

Please note that the Udyog Aadhar registration process is free, and no hidden fees are involved.

Documents Required for MSME Application

The following documents are needed for submitting your MSME application for NIC code registration:

• The applicant needs to furnish proof of the caste or tribe they belong to, for example, Scheduled Caste (SC), Scheduled Tribe (ST), or Other Backward Castes (OBC).
• Data about previous MSME registrations (if any).
• How many company employees are present?
• A unique 12-digit code which is the applicant's AADHAR number.
• Name as mentioned on the Aadhar card.
• Proof of investments in industrial plants, machinery, and equipment.
• Name of the legal entity operating the company and proof of business ownership. If the applicant has multiple businesses, they need to register them with a unique Aadhar number for each.
• Proof of business address and postal address.
• Phone numbers and emails.
• Specify the relationship the business has with the LLP or Partnership Firm. This includes proprietorships, Hindu Undivided Families, Private Limited Companies, Co-operatives, LLPs, Public Limited Companies, etc.

Conclusion

The NIC codes are intended for use by businesses and their dealings with MSME firms. Kirana store owners can take advantage of these schemes, support their businesses, and gain community recognition by registering their stores with them. There is a lot of pride associated with NIC codes as it is believed that using them is equivalent to providing support for the nation's economy. The official Udyam registration website will provide details of various queries related to these codes, their responses, and more.
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