The National Biodiversity Authority (NBA) has continued its series of Access and Benefit Sharing (ABS) disbursements with the release of Rs 45 lakh (around $50,000) to Red Sanders cultivators in Andhra Pradesh through the State Biodiversity Board, an official said on Friday.
With this disbursement, India’s cumulative ABS releases have now exceeded Rs 143.5 crore (approximately $16
million), the official from the Ministry of Environment, Forest and Climate Change said.
The initiative underscores the economic opportunity available to Red Sanders cultivators, who derive dual income benefits — first, through the lawful sale of cultivated Red Sanders wood and logs, and second, through monetary benefits under the ABS mechanism mandated by the Biological Diversity Act, 2002.