New Delhi, Nov. 4 -- A notable series of ABS release initiatives aimed at promoting the sustainable use of India's biological resources, the National Biodiversity Authority has disbursed Rs 3.00 crore to 199 beneficiaries, covering 198 farmers from Andhra Pradesh and cultivators of Red Sanders (Pterocarpus santalinus), along with one academic institution, University of Andhra.

According to an official statement from the Ministry of Environment, Forests, and Climate Change, the disbursement, facilitated through the Andhra Pradesh State Biodiversity Board, is part of the Access and Benefit-Sharing mechanism under the Biological Diversity Act.

This initiative builds on a series of benefit-sharing measures undertaken by the NBA to promote i...