India, Oct. 19 -- The National Biodiversity Authority (NBA) has disbursed Rs 1.19 crore under the Access and Benefit Sharing (ABS) mechanism to 29 State Biodiversity Boards and one Union Territory Biodiversity Council to support biodiversity conservation, sustainable utilisation of biological resources and community welfare.
The funds represent contributions received from companies for research and commercial utilisation of agricultural biological resources. As these resources were procured through markets or traders, individual beneficiaries could not be readily identified. Accordingly, the NBA adopted a distribution mechanism recommended by an Expert Committee and approved by the Authority, allocating funds in proportion to the estimated...