NBA Releases ₹15 Crore ABS Proceeds to Biodiversity Bodies
Why in the news
NBA paid out more than ₹15 crore collected through Access and Benefit Sharing, with the funds linked to mustard genetic resources.
Key facts
- Releasing body: National Biodiversity Authority (NBA).
- Amount: over ₹15 crore.
- Mechanism: Access and Benefit Sharing (ABS).
- Resource: mustard genetic resources.
| Recipient | Number |
|---|---|
| State Biodiversity Boards | 26 |
| Union Territory Biodiversity Councils | 3 |
Significance
The step supports fair sharing of benefits that come from using biological resources.
Exam angle
- Full form: ABS means Access and Benefit Sharing.
- Distribution covers 26 State boards and 3 UT councils.
- Resource in this case: mustard.