Basically, this invention provides for an inbred corn line designated NPID7031, methods for producing a corn plant by crossing plants of the inbred line NPID7031 with plants of another corn plant. The invention relates to the various parts of inbred NPID7031 including culturable cells. This invention also relates to methods for introducing transgenic transgenes into inbred corn line NPID7031 and plants produced according to these methods.