How is the appropriate NIC Code determined while applying for Pradhan Mantri Rojgar Protsahan Yojana ?






Raju Raju
Answered on April 11,2019

The appropriate NIC code is determined/ assessed by the value added by the production of different products and services or net revenue derived from various activities, i.e. the industry code of the primary manufactured product (output) of that establishment. In the case of multi-product establishments, the appropriate NIC code is determined by the category of the product contributing the maximum value added for the establishment. Where such an assessment is not possible, classification may be done in terms of gross revenue attributed to the products, or services of the establishments, the number of persons employed for various activities.