The Biological Diversity Act, 2002
27. Constitution of National Biodiversity Fund.-
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;
b. all charges and royalties received by the National Biodiversity Authority under this Act; and
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 applied for-
a. channeling benefits to the benefit claimers;
b. conservation and promotion of biological resources and development of areas from where such biological resources or knowledge associated thereto has been accessed;
c. socio-economic development of areas referred to in clause (b) in consultation with the local bodies concerned.