Business · Energy & Commodities · 1 hr ago

Agri-seed sector leads India’s biodiversity benefit-sharing receipts

Agri-seed sector leads India’s biodiversity benefit-sharing receipts

India’s agri-seed sector generated a little over Rs 7 crore in benefit-sharing receipts during April to September this financial year.

The National Biodiversity Authority collected about Rs 9.6 crore in total from users across sectors, including food, pharmaceuticals and biotechnology.

The payments come under rules requiring users of India’s biological resources to share benefits when those resources create commercial value.

The system aims to return part of those benefits to states and communities and support biodiversity conservation.

Since 2008, the authority has collected about Rs 278 crore and distributed more than Rs 200 crore for conservation and benefits to communities, farmers and others.

The money can support biodiversity registers, local management committees, research and community benefits.

The environment ministry says the funded work can also support sustainable livelihoods and conservation programmes.

Sources

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