(1) There shall be constituted a Fund to be called the National Biodiversity Fund and there shall be credited thereto--
(a) any grants and loans made to the National Biodiversity Authority under section 26;
1[(b) all sums including charges and benefit sharing amount received by the National Biodiversity Authority;]
(c) all sums received by the National Biodiversity Authority from such other sources as may be decided upon by the Central Government.
(2) The Fund shall be 2[utilised] for--
(a) channeling benefits to the benefit claimers;
3[(b) conservation, promotion and sustainable use of biological resources;
(c) socio-economic development of areas from where such biological resources or traditional knowledge associated thereto have been accessed in consultation with the Biodiversity Management Committee:
Provided that when it is not possible to identify the area from where the biological resources or traditional knowledge associated thereto have been accessed, the fund shall be utilised for socio-economic development of the area where such biological resources occur;
(d) activities to meet the purposes of the Act.]
(a) any grants and loans made to the National Biodiversity Authority under section 26;
1[(b) all sums including charges and benefit sharing amount received by the National Biodiversity Authority;]
(c) all sums received by the National Biodiversity Authority from such other sources as may be decided upon by the Central Government.
(2) The Fund shall be 2[utilised] for--
(a) channeling benefits to the benefit claimers;
3[(b) conservation, promotion and sustainable use of biological resources;
(c) socio-economic development of areas from where such biological resources or traditional knowledge associated thereto have been accessed in consultation with the Biodiversity Management Committee:
Provided that when it is not possible to identify the area from where the biological resources or traditional knowledge associated thereto have been accessed, the fund shall be utilised for socio-economic development of the area where such biological resources occur;
(d) activities to meet the purposes of the Act.]
Source footnotes
1. Subs. by Act 10 of 2023, s. 23, for clause (b) (w.e.f. 1-4-2024).2. Subs. by s. 23, ibid., for "applied" (w.e.f. 1-4-2024).
3. Subs. by s. 23, ibid., for clauses (b) and (c) (w.e.f. 1-4-2024).
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Section 1 · Short title, extent and commencement.Section 2 · Definitions.Section 3 · Certain persons not to undertake Biodiversity related activities without approval of National Biodiversity Authority.Section 4 · Results of research not to be transferred to certain persons without approval of National Biodiversity Authority.Section 5 · Certain provisions not to apply to certain collaborative research projects.Section 6 · Application for intellectual property rights not to be made without approval of National Biodiversity Authority.Section 7 · Prior intimation to State Biodiversity Board for accessing biological resource for certain purposes.Section 8 · Establishment of National Biodiversity Authority.India Code, Government of India. Text fetched 17 Oct 2026. Check the linked official text and subsequent notifications when applying a provision.