National Biodiversity Authority releases Rs 2.82 crore under Access and Benefit-Sharing
Key facts
- The National Biodiversity Authority (NBA) released Rs 2.82 crore under the Access and Benefit-Sharing (ABS) mechanism.
- Rs 2.80 crore went to 27 State Biodiversity Boards and 3 Union Territory Biodiversity Councils.
- About Rs 2.01 lakh went to ICAR-Indian Institute of Horticultural Research, Karnataka.
- The money pays for People's Biodiversity Registers, conservation and Biodiversity Heritage Sites.
- It also builds the capacity of local Biodiversity Management Committees (BMCs).
Why it matters
[Environment] ABS means that whoever earns money from India's biological resources shares a part with the local people who conserved them. India's Biological Diversity Act, 2002 sets up a three-tier system: the NBA, State Biodiversity Boards and local BMCs.
Akashvani News ↗Read the explainer: Biodiversity Management Committees: Local Power Over Genetic Resources →
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