Login : Advocate | Client
Home Post Your Case My Account Law College Law Library

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.

Biological Diversity Act, 2002 Back

Client Area | Advocate Area | Blogs | About Us | User Agreement | Privacy Policy | Advertise | Media Coverage | Contact Us | Site Map
powered and driven by neosys