We are living in the digital era where the Udyog Aadhar NIC code for general stores has turned out imperative. If you're also running a general store, then you might know it's one of the common entrepreneurial ventures catering to the community's daily needs.
When we talk about formalizing your business with Udyog Aadhar, then it's crucial to have a clear understanding of NIC. Keep reading this blog as we've simplified the process of finding the appropriate Udyog Aadhar NIC Code for the grocery shop.
Benefits of Accurate NIC Code Selection
1) Easy Loan Approval
NIC codes are used by financial institutions to assess your business's nature. That's why you can enhance the likelihood of your smooth loan approval by choosing the correct code.
2) Government Schemes and Subsidies
The selection of an accurate NIC code will ensure your general store is eligible for government subsidies and schemes designed for businesses.
3) Statistical Analysis
With accurate classification, government agencies will get aid to conduct statistical analysis, which contributes to informed policy decisions.
How to Identify a Suitable NIC Code for a General Store?
1) Primary Business Activity: Grocery Retailing
Retailing is the primary function of a general store, which deals specifically with groceries. So, the most relevant NIC code is 47110, which can pertain to retail sales in non-specialized stores.
2) Secondary Activities: Additional Merchandise
In case, your store offers additional items such as stationery, toiletries, or household goods, then it would be better to consider including the corresponding NIC codes:
- • 47211: Retail sale of vegetables and fruits
- • 47190: Other retail sale in non-specialized stores
3) NIC Codes for Services: In-House Services
Does your general store provide services like online ordering, home delivery, or packaging? Well, you might need to incorporate service-related NIC codes:
- • 47910: Retail sale via internet
- • 53200: Other courier and postal activities
Steps to Add NIC Code in Udyog Aadhar Registration
Step 1: Visit the Udyog Aadhar Portal
Firstly, head to the official portal of Udyog Aadhar and log in. But if you're a new user, then you're required to register.
Step 2: Enter Business Details
Now, fill in the required details related to your general store, comprising the name, contact information, location, and type of organization.
Step 4: Completion and Submission
It's time to review the entered information by ensuring the accuracy of NIC codes and at last, submit the application. After that, you'll receive the certificate of Udyog Aadhar registration with the assigned number.
Conclusion
With Udyog Aadhar NIC Code for grocery shops, you can streamline your registration process and unlock a range of benefits. So, take your time to understand the classification system and get ready to set your general store on the success path.
