NBA Releases Rs 534 Million to Maharashtra BMCs Under ABS Rules
ECONOMY & POLICY

NBA Releases Rs 534 Million to Maharashtra BMCs Under ABS Rules

The National Biodiversity Authority (NBA) has recently released Rs 534 million to around 85 Biodiversity Management Committees (BMCs) in Maharashtra under the Access and Benefit Sharing (ABS) framework. The beneficiary committees fall under Nagar and Gram Panchayats in Wada Tehsil of Palghar District and the Brihanmumbai Municipal Corporation, with funds to be routed through the Maharashtra State Biodiversity Board.

The release follows a case where soil microorganisms from the Bacillus genus were accessed by a company to develop probiotic products. With nearly 15 per cent of ABS applications relating to microorganisms, the initiative underscores how ‘micro’ resources can deliver ‘macro’ benefits for farmers, local communities and other stakeholders. The disbursement reinforces NBA’s commitment to ensuring fair and equitable benefit sharing for local communities, who serve as custodians of biodiversity. By strengthening their role in conservation, the initiative aligns with India’s vision of sustainable and inclusive biodiversity management.

This latest allocation adds to the Rs 256 million previously disbursed to 108 BMCs and seven institutions in the state. With the new release, India’s cumulative ABS disbursements have crossed Rs 1.16 billion, highlighting the country’s pioneering efforts in implementing the global ABS mechanism effectively.

The National Biodiversity Authority (NBA) has recently released Rs 534 million to around 85 Biodiversity Management Committees (BMCs) in Maharashtra under the Access and Benefit Sharing (ABS) framework. The beneficiary committees fall under Nagar and Gram Panchayats in Wada Tehsil of Palghar District and the Brihanmumbai Municipal Corporation, with funds to be routed through the Maharashtra State Biodiversity Board. The release follows a case where soil microorganisms from the Bacillus genus were accessed by a company to develop probiotic products. With nearly 15 per cent of ABS applications relating to microorganisms, the initiative underscores how ‘micro’ resources can deliver ‘macro’ benefits for farmers, local communities and other stakeholders. The disbursement reinforces NBA’s commitment to ensuring fair and equitable benefit sharing for local communities, who serve as custodians of biodiversity. By strengthening their role in conservation, the initiative aligns with India’s vision of sustainable and inclusive biodiversity management. This latest allocation adds to the Rs 256 million previously disbursed to 108 BMCs and seven institutions in the state. With the new release, India’s cumulative ABS disbursements have crossed Rs 1.16 billion, highlighting the country’s pioneering efforts in implementing the global ABS mechanism effectively.

Next Story
Real Estate

Dubai Real Estate Sales Reach AED48 Billion

Dubai’s real estate market recorded 13,977 sales transactions worth AED48 billion in April 2026, reflecting continued resilience across residential and commercial segments.According to a market update by fäm Properties, sales volume rose 3.5 per cent month-on-month compared to March, while total sales value increased by 10.7 per cent. The commercial sector, including offices and shops, recorded the strongest growth, with 561 transactions valued at AED4 billion, up 33.9 per cent year-on-year and 36.2 per cent month-on-month.Apartment sales rose 6.5 per cent month-on-month to 11,377 transacti..

Next Story
Real Estate

Casagrand Launches 35-Acre Hyderabad Project

Casagrand has launched Casagrand Vybe, its largest residential project in Hyderabad, spread across 35 acres in Rajendra Nagar. The launch marks the company’s fifth residential rollout in 2026 and strengthens its expansion momentum in the city.As part of its Hyderabad growth strategy, Casagrand is adding 3.98 million sq ft of residential space to its portfolio. Since entering the Hyderabad residential market in 2023, the company has scaled its presence with projects across key micro-markets. In 2025, it launched four projects — Casagrand Evon, Casagrand Windsor Court, Casagrand Belair and C..

Next Story
Technology

Bentley Event Spotlights AI Infrastructure

Bentley Systems recently hosted Illuminate Mumbai 2026, bringing together infrastructure leaders, policymakers, technology experts and academia to discuss how AI-driven engineering and digital twins can accelerate India’s journey towards Viksit Bharat 2047.The event focused on scaling intelligent and connected infrastructure ecosystems beyond digital adoption. Discussions covered the use of infrastructure AI, open data environments and digital twin technologies to improve project delivery, sustainability and long-term asset performance across key sectors.Kamalakannan Thiruvadi, Regional Exec..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement