Objectives Of Biological Diversity Act 2002. An act to provide for conservation of biological diversity sustainable use of its components and fair and equitable sharing of the benefits arising out of the use of biological resources knowledge and for matters connected therewith or incidental thereto. Payment of monetary and non monetary compensation.
Prohibition on transfer of indian genetic material outside the country without specific approval. The main objective behind enacting the bd act was to conserve indian biological diversity regulate access to indian biological resources ensure equitable benefit sharing arising from the utilization of those resources and establish various governing bodies such as the national biodiversity authority nba at the national level the state biodiversity boards sbbs at the state level and biodiversity management committees bmcs at the local level. Objective of this act is to regulate the access to genetic resources and protection of biodiversity.
India enacted the biological diversity act 2002 with three major objectives as enshrined in the conservation conservation of biodiversity sustainable use of its components and equitable sharing of benefits arising from the use of genetic resources.
Whereas india is rich in biological diversity and associated traditional and. Payment of monetary and non monetary compensation. Highlights of biological diversity act 2002 of india objectives of the act. Benefit sharing out of usage of biological resources can be done in following manner.
