The MSME registration asks for the business activity by NIC code. For growing of olives and oil palms, that activity is 01262.
NIC code · National Industrial Classification 2008
01262 is the 5-digit NIC 2008 code for growing of olives and oil palms: a sub-class of class 0126, growing of oleaginous fruits, within division 01, crop and animal production, hunting and related service activities. Search a code or activity below, or copy the code for your Udyam or SPICe+ form.
This code
Division 01Group 012Class 0126Sub-class 01262
Growing of olives and oil palms
Sub-class 01262 · Class 0126 · Group 012 · Division 01 · Section A, NIC 2008
The code
Where the code sits in the National Industrial Classification 2008, from section to sub-class, in the official wording.
012625 digits: 01 + 2 + 6 + 2NIC 2025 · Notice dated 16 October 2026
On 18 November 2025 the Ministry of Statistics and Programme Implementation released NIC 2025, which uses 6-digit codes aligned with the UN's ISIC Revision 5. This page shows the NIC 2008 code 01262. The matching NIC 2025 code will be added here once it is mapped from MoSPI's official concordance.
How to read it
An NIC code is built in layers. Each digit narrows the one before it: the division, the group, the class, and finally the 5-digit sub-class. Divisions themselves are grouped under lettered sections.
The broadest numbered layer. Division 01 covers crop and animal production, hunting and related service activities. It sits in section A, agriculture, forestry and fishing.
Growing of perennial crops.
Growing of oleaginous fruits. The official note for this class is quoted below.
Growing of olives and oil palms. The full 5-digit code you enter where a form asks for the business activity by NIC code.
What it covers
01262 is a sub-class of class 0126, growing of oleaginous fruits. The NIC 2008 document explains the class in the note below, quoted exactly.
This class excludes:
- - growing of soya beans, groundnuts and other oil seeds, see 0111
Where you use it
Two registration forms ask for the business activity by NIC code. This is where 01262 is entered.
The MSME registration asks for the business activity by NIC code. For growing of olives and oil palms, that activity is 01262.
The company incorporation form asks for the main industrial activity of the proposed company by NIC code.
Not GST. GST registration does not use NIC codes; goods and services there are classified by HSN and SAC codes.
Choosing the right code
01262 is for growing of olives and oil palms. The codes below sit closest to it in NIC 2008: the other sub-classes of class 0126 and other classes in group 012. Each has its own page with the official wording.
Class 0126 has 3 sub-classes in NIC 2008, including 01262. 1 of the others are shown here.
These belong to other classes in group 012, growing of perennial crops. 01262 itself is in class 0126. Use the search above for any other code on this page.
Questions
Growing of olives and oil palms, in the National Industrial Classification 2008. It is a sub-class of class 0126, growing of oleaginous fruits.
Class 0126, growing of oleaginous fruits, has 3 sub-classes in NIC 2008. Besides 01262, those with a page here are: 01261 (Growing of coconut).
In Udyam Registration, which asks for the business activity by NIC code, and in the SPICe+ company incorporation form, which asks for the main industrial activity by NIC code. GST registration does not use NIC codes.
About this page
The section, division, group, class and sub-class on this page, and the explanatory note for class 0126, are taken word for word from the official document “National Industrial Classification (All Economic Activities) 2008”, Central Statistical Organisation, Ministry of Statistics and Programme Implementation, Government of India.
This is reference information on the classification of a business activity. It is not advice on which code your own business should declare, and the official NIC document prevails if the two ever differ. A change in the classification, including the MoSPI concordance to NIC 2025, re-opens this page for checking.
Not sure which code fits your activity, or spotted a mismatch? Use the WhatsApp button on this page and tell us what the business sells and how.