National Biodiversity Authority Disburses Rs 17 Lakh to Brihanmumbai Municipal Corporation Under ABS Mechanism
- National Biodiversity Authority (NBA) released Rs 17 lakh to the Biodiversity Management Committee (BMC) of Brihanmumbai Municipal Corporation, routed via the Maharashtra State Biodiversity Board, under the Access and Benefit Sharing (ABS) framework.
- Trigger: commercial utilisation of Bacillus genus soil micro-organisms for value-added probiotic products.
- Operationalises the third objective of the Convention on Biological Diversity, 1992 — fair & equitable benefit sharing — through India's three-tier NBA-SBB-BMC architecture.