The National Biodiversity Authority (NBA) has approved revised guidelines under the Biological Diversity Act, 2002 to improve how Access and Benefit Sharing (ABS) funds are used.
- Aim: Fair sharing of benefits from biological resources with local communities.
- Source known: 60–75% of funds go to local communities and 25–40% to institutions.
- Source not known: 70% goes to the NBA or State Biodiversity Boards (SBBs) and 30% to institutions.
- Other features: Digital repositories and proper documentation to track biological resources.
- Outcome: Helps prevent biopiracy and supports biodiversity conservation.