Loading…
The National Biodiversity Authority (NBA) distributed ₹6.67 crore under the Access and Benefit Sharing (ABS) mechanism to 11 cotton-growing states.
The funds were realized from a private agrochemical company for research utilizing over 25,000 Indian cotton varieties.
This initiative supports the Kunming-Montreal Global Biodiversity Framework by reinvesting commercial profits into local biodiversity conservation and community welfare.
GS Paper 3 > Environment > Biodiversity Conservation
A mechanism ensuring that the benefits derived from the commercial utilization of biological resources and associated traditional knowledge are shared equitably with the communities that conserve them.
A statutory body established under the Biological Diversity Act, 2002, headquartered in Chennai, functioning under the Ministry of Environment, Forest and Climate Change.